Vodacom Moçambique
Founded
2003
Headquarters
Maputo, Mozambique
Ticker
n/a
Sector
Telecom
Stock performance
This company has no listed ticker in our data, so there is no price chart.
History
Vodacom Moçambique was established in 2003 as a subsidiary of South Africa's Vodacom Group and quickly became the country's leading mobile operator. It launched the M-Pesa mobile-money service in Mozambique in 2013 and later listed a minority stake on the Mozambique Stock Exchange.
Business model
The company sells mobile voice and data and business services, and M-Pesa has become one of its most important businesses, used for transfers, bill payments, and merchant payments.
Market position
Vodacom is Mozambique's largest mobile operator, competing with Movitel and Tmcel.
Country impact
M-Pesa has greatly expanded access to basic financial services in Mozambique, and Vodacom is one of the country's largest taxpayers and private investors outside the extractive sector.