Telecoms group Vodacom has announced it has sold its assets in a number of African markets including Nigeria where it is offering business-managed services to enterprises.
The company said Vodacom Business in Nigeria, Zambia and Ivory Coast have been sold to Synergy Communications. While in Ghana, Vodacom Business has been acquired by Vodafone Ghana.
In Angola, Vodacom Business there has been sold to Internet Technologies Angola.
“In each of the five Vodacom Business Africa markets, the respective partners will acquire all of the operations and assets held by Vodacom,” the company said in a statement.
Financial terms of the transactions were not made public but Vodacom said it would no longer directly service global enterprise customers in the five markets covered in the agreements, but would continue to operate as a telecommunications network provider through local service provider agreements.
“The transactions support Vodacom Group’s enterprise strategy in Africa, which has been refocused to grow and strengthen its core business,” the company said.
