Vodacom has signed three agreements that will see it divest its enterprise units in five African markets.
Synergy Communications is acquiring its Vodacom Business Africa operations in Cote d'Ivoire, Nigeria and Zambia. The other two deals each focus on one market, with Vodafone Ghana acquiring its enterprise operations in that country and Internet Technologies Angola buying up Vodacom’s Angolan assets and business.
Vodacom has not disclosed the terms of any of the agreements but has stated that it intends to reach partner deals with each of the companies so that it can continue to support customers in the five markets.
The group’s CEO Shameel Joosub said: “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.”
He noted that Vodacom had conducted a “robust and lengthy process” to find buyers with a “wealth of pan-African experience” before agreeing to sell the units.
