Vodacom, a branch of Vodafone Group Plc and operators of mobile phone services in Africa is selling its Business Africa operations. This comprises holdings in Angola, Nigeria, Ivory Coast and Zambia.
The company’s Angolan holdings is being sold to Internet Technologies Angola (ITA) while Synergy Communication (SynCom) will take over its Nigeria, Zambia and Ivory Coast businesses. Synergy Communications will partner with major global cloud providers and deliver platform-based services to both multinationals and local enterprises
SynCom will be taking over 100 per cent holding of the three African markets subject to regulatory approvals. The acquisition will boost SynCom’s coverage as it already has presence in Botswana, Malawi and Mozambique.
Vodacom on its part, says the operations and assets of its affected Business Africa units will be acquired by the new partners on confidential terms. In the year ended March 31, enterprise service revenue contributed 23 per cent to group service revenue for Vodacom, with 77 per cent of the revenue coming from consumer service. Vodacom also affirms that the agreements were subject to regulatory approvals across relevant markets.
Vodacom Group CEO, Shameel Joosub, says “the company is not exiting any of the territories related to the transactions and remains focused on continuing to deliver exceptional service to our global and multinational clients in these markets through long-term commercial agreements”