Vodacom Tanzania Public Limited Company (DAR:VODA) signed an agreement to acquire Shared Networks Tanzania Limited for $15 million during the year ended March 31, 2016. As part of consideration, 15% of the purchase price is reserved for future claims, warranty and indemnity. The acquisition will be funded through available cash resources. The transaction remains subject to fulfillment of a number of conditions precedent, including the requisite regulatory approvals.