Vodacom to appeal Kenyan High Court ruling reversing $1.9B Safaricom acquisition

South African telecommunications giant Vodacom will appeal a major ruling by the Kenyan High Court that invalidated the government’s sale of a 15% stake in Safaricom to the wireless carrier. The Ruling: A Reversal of “Effective Control” On Tuesday, September 15, a three-judge panel in Nairobi ordered that the 15% stake in East Africa’s largest mobile operator be immediately restored to the government. Declaring the transaction “invalid, null and void,” the court outlined several critical legal a