South Africa-based Vodacom Group has announced that as part of a strategic ‘repositioning’ of its Vodacom Business Africa operation, it is selling off its enterprise businesses in Nigeria, Zambia, Angola, Ghana and Cote d’Ivoire, and instead will enter into service provider agreements with local operators. Under the deal, which is subject to various regulatory and statutory body approvals, Vodacom will work with Synergy Communications in Nigeria, Zambia and Cote d’Ivoire, and separately, with 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 statement read.
The move to reposition its pan-African operation is part of Vodacom’s wider enterprise strategy in the continent, which seeks to grow and strengthen its core business. As such, it will no longer directly service global enterprise customers in these five markets but will instead continue to operate as a pan-African network provider through local service provider agreements.