Browsing: Vodacom Business Africa

Vodacom Business Africa sells operations in four African countries

Pan African private equity company Convergence Partners has announced that it has acquired all the operations of telecommunication giant Vodacom Business Africa through its digital service provider platform, inq. Holdings Limited (formerly Synergy Communications) based in Mauritius.

Vodacom Business Africa is an enterprise-focused ICT subsidiary of the Vodacom Group. With over US$300mn of capital under management, Convergence Partners brings its skills, experience and capital to develop new investment opportunities as well as actively adding value to investments across the lifecycle of ICT assets.

The 100% acquisition of Vodacom Business Africa’s operations will be effected in Nigeria, Zambia and Cote d’Ivoire with a further planned acquisition in Cameroon pending regulatory approvals.

This transaction grows inq.’s regional footprint as a leading enterprise solutions provider to 13 cities in 7 countries across Africa including its existing operations in Botswana, Malawi and Mozambique.

Under the inq. banner the company will embark on the next …