Vodacom unit to sell operations in Nigeria and four other African markets

VODACOM Group on Friday has announced a strategic repositioning of its Vodacom Business Africa(VBA) operation as it set to sell its business units in Nigeria, Zambia, Angola, Ghana and Cote d’Ivoire for an undisclosed amount.

The Telecom company said it would continue to operate as a pan-African telecommunications network provider through local service providers in the African markets, claiming the new model is better suited to the digital economy and would encourage greater local collaboration.

Synergy Communications would acquire 100 per cent of VBA operations in Nigeria, Zambia and Cote d’Ivoire. Internet Technologies Angola has agreed to acquire Vodacom Business Africa’s Angolan operations and assets.

The companies are the process of concluding the acquisitions following the rules subject to the approval of regulatory authorities in these markets.

Vodacom Reportedly, would enter into service provider agreements with Synergy Communications in Nigeria, Zambia and Cote d’Ivoire; Internet Technologies Angola (ITA) in Angola and Vodafone Ghana in Ghana.

In each of the five Vodacom Business Africa markets, the respective partners would acquire all of the operations and assets held by Vodacom as subject to various regulatory and statutory body approvals,

While Synergy Communication set to operate the Vodacom affairs in Nigeria, it already has operations in Botswana, Malawi and Mozambique, reinforcing its aim to be a leading provider of cloud and digital services in key markets across sub-Saharan Africa and provides key additional assets in its build-out of a regional footprint.

Vodacom Group Limited is a South African mobile communications company, providing voice, messaging, data and converged services to over 55 million customers.

Related

(0 votes) 0/5
Article Tags:
Article Categories:
Articles · Latest News · Trending Topics

Leave a Comment