Vodafone, which holds a 60.5% stake in Vodacom Group, was precluded from voting on the approval of the transaction at the general meeting.
The telco says the frequency of load-shedding is impacting customer experience, so it will make further investments in batteries to maintain network resilience.
The telco sees strong growth potential for customer adoption and is targeting 73 million financial services customers in three years.
The telco adds 6.2 million customers, to serve a total of 129.9 million across the group, and declares an interim dividend of 420c per share.
The telco says in addition to its track record of revenue growth, Vodafone Egypt generates attractive margins and strong free cash flow.
The telco will now hold a co-controlling 30% equity in a newly-formed fibre entity and has the option to acquire an additional 10% stake.
The app provides an ecosystem of third-party services to allow consumers to do everything from peer-to-peer payments, to sending money, ordering takeaways, or making grocery purchases.
The Vodafone and ITU project will identify policy, commercial and circular-economy interventions to increase smartphone access.
The company reports strong results in the first quarter, which also saw the awarding of a telecoms licence in Ethiopia and interest in its VodaPay ecosystem.
The telco's financial services unit calls on developers and businesses to join the VodaPay ecosystem by building their own “Mini Programs”.
The telco fortifies its business model, scaling up fibre, financial services, IOT and network expansion plans in a bid to become dominant in its markets.
The consortium says it believes by working with all stakeholders in Ethiopia, it can deliver a much-desired digital transformation.