Mobile communications company Vodacom said on Friday it had entered into an agreement with Synergy Communications which would acquire 100 percent of Vodacom Business Africa’s (VBA) operations in Nigeria, Zambia and Cote d’Ivoire.
“The two entities are in the process of concluding the acquisitions, which are subject to the approval of the regulatory authorities within these markets,” it said in a statement.
Vodacom said the transaction supported the group’s enterprise strategy in Africa, which had been refocused to grow and strengthen its core business.
The company will no longer directly service global enterprise customers in these three markets but will rather continue to operate as a pan African telecommunications networks provider through local relationships like the one with Synergy Communications.
“This acquisition represents a significant milestone to Synergy Communication’s vision to be a leading provider of cloud and digitally based services in key markets across sub-Saharan Africa and provides key additional assets in its build out of a regional footprint,” it said.
Synergy Communications currently has operations in Botswana, Malawi and Mozambique.
Source: ANA|COMPATRIOT MAGAZINE