Vodacom Group, the South African firm that owns Safaricom in Kenya and Vodacom in Tanzania, the DRC, Mozambique and Lesotho, is set to exit the Angolan market to Internet Technologies Angola (ITA), the largest independent enterprise telecommunications provider in Angola.
Vodacom’s Vodacom Business Africa (VBA) operations in Angola will be sold to ITA to help the firm focus on new businesses and its other markets. The enterprise solutions provider was offering various connectivity solutions such as fiber, cloud services, satellite connectivity, m-health and VPN services to firms in the Angolan market. VBA has on-the-ground presence in over 16 countries and provides connectivity to over 42 countries.
The transaction is subject to regulatory approvals. The financial terms of the transaction remain confidential. Vodacom Business Africa is also working on other service provider agreements involving its enterprise businesses in Nigeria, Zambia, Angola, Ghana and Cote d’Ivoire.
With this exit, Vodacom will focus on its Vodacom’s Internet of Things business as well as its subsidiary Mezzanine, a Mobile Business and Enterprise Solutions provider.
VBA offers business managed services to enterprises in 50 countries. Vodacom is majority owned by UK’s Vodafone (60.5% holding).
