Audio By Carbonatix
South African mobile phone operator Vodacom Group Ltd said on Friday it had entered into agreements to sell some of its Business Africa operations, which offer business-managed services to enterprises.
Vodacom, which is majority-owned by Vodafone Group Plc, said it had agreed to sell the Angolan assets of its Business Africa unit to Internet Technologies Angola.
It has also agreed to sell Business Africa’s operations in Nigeria, Zambia and Ivory Coast to Synergy Communications and to Vodafone Ghana in Ghana, it said.
Through Vodacom Business Africa, the company said it offers business-managed services to enterprises in 50 countries.
“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, adding that the financial terms were confidential.
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.
A Vodacom spokeswoman could not immediately provide more details on the reasoning behind the disposals of the operations.
In the year ended March 31, enterprise service revenue contributed 23% to group service revenue, with 77% of the revenue coming from consumer service.
Vodacom said the agreements were subject to regulatory approvals in all the relevant markets.
Latest Stories
-
52 foreign nationals arrested in Northern Region over human trafficking, cybercrime
2 hours -
Kofi Kyereh returns to Freiburg training after almost 3 years out
2 hours -
US Embassy to launch FIFA Pass visa system for World Cup travelers
2 hours -
13 sex workers arrested in Tamale made to clean market as a deterrent
2 hours -
Prof Andrew Owusu unanimously elected to represent Africa on World Olympians Association leadership
3 hours -
GPRTU arrest: ‘Not belonging to a union is not a crime’ – Martin Kpebu
4 hours -
Ibrahim Sulemana completes loan return to Cagliari
4 hours -
Prejudicial remarks against Ofori-Atta shameful, hypocritical – Frank Davies
4 hours -
No law allows GPRTU to arrest drivers over fare disputes – Kennedy Osei Nyarko
4 hours -
Update: Fire at Madina Zongo Junction successfully contained
4 hours -
A Closer Look at a 21-Day Religious Fast
5 hours -
NPP’s Osei Nyarko condemns ‘high-handedness’ in crackdown on driver overcharging
5 hours -
Gwollu, Resistance, and Renewal: The living legacy of the Tanjia Musa Fire Festival
5 hours -
Ofori-Atta isn’t scared of criminal prosecution, he will come at the right time – Frank Davies
5 hours -
Firefighters battle blaze at Madina Market
5 hours
