Vodacom Group (‘the Group’) today announced a strategic repositioning of its Vodacom Business Africa operations that will result in three separate share purchase agreements involving its enterprise businesses in Nigeria, Zambia, Angola, Ghana and Cote d’Ivoire. Subject to various regulatory and statutory body approvals, Vodacom will 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 will acquire all of the operations and assets held by Vodacom. The various entities are in the process of concluding the required agreements, the financial terms of which are confidential.
The transactions support Vodacom Group’s enterprise strategy in Africa, which has been refocused to grow and strengthen its core business. It will no longer directly service global enterprise customers in these five markets but will instead continue to operate as a pan African telecommunications network provider through local service provider agreements.
Shameel Joosub, CEO of Vodacom Group, says: “Vodacom has a clear vision for strengthening our position as a leading pan-African business and will work with local service providers to grow in these markets. Crucially, Vodacom is not exiting any of the territories related to this transaction and remains focused on continuing to deliver exceptional service to our global and multinational clients in these markets through long-term commercial agreements. To support the sustainable growth of pan African digital economies and building connected societies, Vodacom will, via local service providers, continue to service clients in each market. We seek to leverage our collective strengths to meet the changing requirements of clients across each of these markets.”
Vodacom went through a robust and lengthy process with numerous interested applicants to find the right partners to reposition its business on the continent. Synergy Communications and ITA were selected as the successful bidders, amongst other reasons, for their wealth of pan African experience.
The new model is better suited to the digital economy. It will encourage greater local collaboration and position Vodacom as one of the leading drivers of economic growth on the continent. It will also provide pan African customers with the opportunity to access specialist business divisions such as Vodacom’s Internet of Things business as well as its subsidiary Mezzanine, a Mobile Business and Enterprise Solutions provider.
Through Vodacom Business Africa (VBA), we offer business managed services to enterprises in 50 countries.
Vodacom is majority owned by Vodafone (60.5% holding), one of the world’s largest communications companies by revenue.
ITA – Internet Technologies Angola, S.A., founded in 2005, ITA is committed to providing the most reliable telecommunications services and the best customer experience. Over the past 14 years, ITA has grown exponentially and is now the largest and the most reputable independent enterprise telecommunications provider in Angola, offering an integrated set of solutions including Internet and MPLS Connectivity, Cloud services, Data Centre service and Voice. In 2019, ITA is establishing its ICT market leadership through the inauguration of its second Data Center, which will be the largest and most technologically advanced Data Centre in Angola.
About Vodafone Ghana:
Vodafone in Ghana is an operating company of Vodafone Group Plc – the world’s leading mobile telecommunications company, with a significant presence in Europe, the Middle East, Africa, Asia Pacific and the United States. Vodafone is the only total communications solutions provider – mobile, fixed lines, internet, voice and data – and is currently the telecom company of choice for Ghanaians. It’s is the second-ranked operator in terms of market share in the sector.
About Synergy Communications:
Synergy Communications (SynCom) is an enterprise and wholesale service provider, which amalgamates fixed and wireless technologies across sub-Saharan Africa. Domiciled in Mauritius, SynCom is a subsidiary of the Convergence Partners Communications Infrastructure Fund, the fund dedicated solely to communications infrastructure and related services and technologies across sub-Saharan Africa. SynCom currently has investments in leading enterprise service providers in Botswana, Malawi and Mozambique.