UBS has been appointed as the sole financial adviser to Vodafone on its acquisition of a majority stake in South African telecoms provider Vodacom - its second high-profile telecoms mandate in a week - as the Swiss bank seeks to reassert its place amongst the top advisory firms in the sector after falling out of the top 10 last year.
UBS advised Vodafone, which last week announced it had agreed to buy an additional 15% stake in Vodacom for 22.5bn rand (€1.7bn) from Telkom South Africa, giving it a 65% stake in total. JP Morgan advised Telkom on the deal.