Vodafone has taken control of Vodacom, South Africa's largest cell phone company, agreeing to pay $2.28 billion to buy fixed-line group Telkom's 15% stake in a deal that gives the world's largest wireless carrier 65% ownership in Vodacom. The deal, which Vodafone expects will close by June, is part of its strategy to push into emerging markets. Vodacom has strong positions in the Democratic Republic of Congo, Lesotho, Mozambique and Tanzania.

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