UK mobile phone group Vodafone disclosed on Monday that it had bought a further 11.5 million ordinary shares in Venfin.

The price paid per share on Friday was R46.10, bringing the cost of this latest transaction to R530.15-million.

Vodafone announced at the beginning of November that it wanted to acquire Venfin's 15 percent stake in South African mobile operator Vodacom for around R16-billion.

If successful, the deal would see Vodafone's interest in Vodacom increased from 35 percent to 50 percent. Telkom holds the remaining 50 percent in Vodacom.

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