Vodacom Tanzania has made a significant move by acquiring Smile Communication Tanzania, marking a strategic expansion in the 4G and 5G landscape. The acquisition, valued at approximately $27.4 million, solidifies Vodacom’s position and aims to enhance network coverage and customer service.
In a straightforward acquisition, Vodacom Tanzania has taken over Smile Communication Tanzania, acquiring all its shares without any cash or debt exchange. This strategic move allows Vodacom to leverage Smile’s spectrum, providing a substantial boost to its network capabilities and firepower.
With this acquisition, Vodacom Tanzania aims to further amplify its presence in key regions like Pwani and Dar es Salaam, strengthening its foothold in the Tanzanian market. While Smile Communication Tanzania had a modest subscriber base of around 15,000 people, Vodacom sees immense potential in expanding its customer reach and market share.
Vodacom’s proactive approach to spectrum acquisition is evident, as it adds Smile’s frequencies to its arsenal, building upon previous acquisitions from auctions in 2022 and 2018. This strategic spectrum strategy aligns with Vodacom’s long-term vision, as outlined in its Annual Integrated Report for 2023, emphasizing its commitment to expanding network services and driving technological innovation.
