Vodacom Group is offloading its Vodacom Business Africa (VBA) assets in four markets as it moves to streamline its operations in Africa and focus on its core mobile network operations across the continent.
VBA has said Synergy Communications will acquire 100% of its operations in Nigeria, Zambia and Cote d’Ivoire after selling its operations in Angola to ITA. Both transactions are subject to the approval of the regulatory authorities within these markets.
The Group said the transaction supports its enterprise strategy in Africa which is to grow and strengthen its core business and it will no longer directly service global enterprise customers in these markets but will rather continue to operate as a pan African telecommunications networks provider through local relationships like the one with Synergy Communications and ITA.
Synergy Communications currently has operations in Botswana, Malawi and Mozambique.
According to Andile Ngcaba, Chairman of Synergy Communications: “Synergy Communications will partner with major global cloud providers and deliver platform-based services to both multi-nationals and local enterprises.”
Vodacom wants to make it clear that it’s not exiting any of the territories related to this transaction and remains focused on continuing to deliver exceptional service to its 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 the collective strengths of Vodacom and Synergy Communications to meet the changing requirements of clients across each of these markets.,” said Shameel Joosub, CEO of Vodacom Group.
