Etisalat strengthens its position in Africa via Vodafone, Vodacom’s parent company

Etisalat – recently renamed ‘e&’ – is extending its influence in the African telecoms market. The state-controlled Emirati group has just acquired a 9.8% stake in the British group Vodafone, headed by Nick Read. The transaction, valued at $4.4bn, makes Etisalat the main shareholder of one of the leaders in European and – indirectly…