Art of Tea - Tea of the Month

Vodacom to sell some operations

Johannesburg — South African mobile phone operator Vodacom Group Ltd said on Friday it had entered into agreements to sell some of its Business Africa operations, which offer business-managed services to enterprises.

Vodacom, which is majority-owned by Vodafone Group Plc, said it had agreed to sell the Angolan assets of its Business Africa unit to Internet Technologies Angola.

It has also agreed to sell Business Africa’s operations in Nigeria, Zambia and Ivory Coast to Synergy Communications and to Vodafone Ghana in Ghana, it said.

Through Vodacom Business Africa, the company said it offers business-managed services to enterprises in 50 countries.

“In each of the five Vodacom Business Africa markets, the respective partners will acquire all of the operations and assets held by Vodacom,” the company said
in a statement, adding that the financial terms were confidential.

Reuters

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Art of Tea - Tea of the Month