Vodafone Group Public Limited Company (LSE:VOD) is considering options for its majority 65% stake in African mobile communications company Vodacom Group Limited (JSE:VOD) in a push to gain more value from the holding, Bloomberg reported. The British firm has tapped advisers and has just started considering options, such as a merger with peers, selling assets in certain markets or selling a stake in the business, according to insiders cited by the news agency. Shares in Vodacom were trading 6.57% higher at ZAC 13,300 as of 1231 GMT+2. The company's market capitalisation stands at about ZAR 260 billion (USD 14.4 billion/EUR 13.4 billion).

Vodacom has operations in Tanzania, the Democratic Republic of the Congo, Mozambique, Lesotho and Kenya. Its mobile networks cover a population of over 400 million people, according to the company's website. Vodafone earlier in 2023 reached a binding agreement to sell its operations in Hungary for HUF 660 billion (USD 1.85 billion/EUR 1.73 billion) with the divestment proceeds to be used for deleveraging.