This unexpected disclosure comes after widespread speculation about the terms of the deal between the two telecom giants.
Ndegwa clarified, “Safaricom was not involved in determining the price to sell the shares to Vodacom.”
His comments have raised eyebrows across the business community, as many had assumed that Safaricom played a significant role in setting the price during the share sale process.
The deal, which saw Vodacom acquire a large stake in Safaricom, has been one of the most talked-about corporate moves in recent times.
Investors and analysts had been closely watching the sale to understand how the two companies would navigate this high-stakes partnership.
0 Comments