12 °c
London
Thursday, July 7, 2022
No Result
View All Result
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
No Result
View All Result
FurtherAfrica
No Result
View All Result
Home Africa

Vodafone Zambia sold

FurtherAfrica by FurtherAfrica
June 27, 2019
in Africa, Economy, M&A, Telecom, Zambia
Reading Time: 2 mins read
861 27
0
Vodafone Zambia sold
Share via QRWhatsappShare on FacebookShare on TwitterLinkedInPinteresteMail

Vodacom Group which trades in Zambia as Vodafone has announced the sale of its business unit operations in Zambia, Nigeria and Cote d’Ivoire to Andile Ngcaba’s Synergy Communications.

The transaction is now subject to approval from the regulatory authorities within these markets. Synergy Communications, a subsidiary of the Convergence Partners Communications Infrastructure Fund announced that it had acquired 100% of Vodacom Business Africa’s operations in these markets.

Convergence Partners, which is owned by Ngcaba, is an investment management firm focused on the technology, media and telecoms sector in Africa. As the chairman, founder and majority shareholder of Convergence Partners, Ngcaba is also involved in significant new communications infrastructure projects across Africa.

These include Seacom, Intelsat New Dawn, FibreCo, and, recently, a new joint venture with Google to invest in CSquared, a broadband infrastructure company headquartered in Nairobi, Kenya.

This acquisition is a significant milestone in Ngcaba’s vision for Synergy Communication to be a leading provider of cloud and digitally based services in key markets across Sub-Saharan Africa.

Synergy Communications currently has operations in Botswana, Malawi and Mozambique, with flagship investments in Internet Solutions Mozambique, Skyband Malawi and Virtual Business Network Services in Botswana.

Said Ngcaba: “This is an exciting landmark transaction for Synergy Communications, providing us with additional momentum in the delivery of our strategy as a pan-African enterprise digital services provider. Synergy Communications will partner with major global cloud providers and deliver platform-based services to both multinationals and local enterprises.”

Announcing the deal, Vodacom said the transaction supports its enterprise strategy on the continent, which has been refocused to grow and strengthen the core business.

Vodacom says it will no longer directly service global enterprise customers in these three markets, but will continue to operate as a pan-African telecommunications network provider through local relationships like the one with Synergy Communications.

Shameel Joosub, CEO of Vodacom Group, said: “Vodacom has a clear vision for strengthening our position as a leading pan-African business and will work with local service providers like Synergy Communications to grow in these markets. Crucially, Vodacom is not exiting any of the territories related to this transaction and remains focused on continuing to deliver exceptional service to our global and multinational clients in these markets through long-term commercial agreements. To support the sustainable growth of pan-African digital economies and build connected societies, Vodacom will, via local service providers, continue to service clients in each market.”

Source: Lusaka Times

Related

Tags: Andile NgcabaConvergence PartnersConvergence Partners Communications Infrastructure FundCôte d’IvoireCSquaredFibreCoGoogleIntelsat New Dawnirtual Business Network ServicesM&AMerger and AcquisitionNigeriaseacomShameel JoosubSynergy CommunicationstelecomVodacom GroupVodafoneZambiaзамбияザンビア赞比亚
ScanSendShare355Tweet222Share62Pin80Send
FurtherAfrica

FurtherAfrica

Founded in 2015 FurtherAfrica is an online platform centralising news and content focusing on the development and growth story of the African continent.

Related Posts

Venture Capital

Wingcopter receives US$42M to expand throughout sub-Saharan Africa

by TechGist Africa
July 7, 2022
Development

Invest More in Africa—Adesina urges Irish businesses

by Fabio Scala
July 7, 2022
Energy

5 challenges South Africa face for renewable energy expansion

by Energy Capital & Power
July 7, 2022
Energy

Nigeria lost US$1B in Q1 revenue to crude oil theft

by FurtherAfrica
July 7, 2022
Agriculture

Tanzania earmarks 400k he for wheat cultivation

by Farmers Review Africa
July 7, 2022
Angola Oil & Gas 2022
 
AFSIC 2022
 
Great Limpopo Transfrontier Park
 
MozParks

Translate this page

Read the Latest

Venture Capital

Wingcopter receives US$42M to expand throughout sub-Saharan Africa

by TechGist Africa
July 7, 2022
0

The German company Wingcopter, which makes and offers delivery drones, said that it has raised $42 million from reputable financial...

Read more

Invest More in Africa—Adesina urges Irish businesses

July 7, 2022

5 challenges South Africa face for renewable energy expansion

July 7, 2022

Nigeria lost US$1B in Q1 revenue to crude oil theft

July 7, 2022

Tanzania earmarks 400k he for wheat cultivation

July 7, 2022

FurtherAfrica Partners Network

The Exchange Club of Mozambique Taarifa Rwanda
TechGist Africa Africa Oil & Power Farmers Review Africa
Tanzania Invest Zambia Invest See Africa Today
Africa Global Funds Novafrica CrudeMix Africa
Harambee Africa Botswana unplugged Financial Insights Zambia
Digilogic Africa Web3Africa

Subscribe to FurtherAfrica

Enter your email address to receive new articles on your email.

Join 99,599 other subscribers.

FurtherAfrica

© 2021 FurtherMarkets

FurtherAfrica is a FurtherMarkets Limited platform

  • Countries
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

Follow Us

No Result
View All Result
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

© 2021 FurtherMarkets

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?