Telecom

Vodafone Group sells assets in five African countries

Vodafone Group sells assets in five African countries
Thursday, 27 June 2019 18:12

South-African telecom company Vodacom, African arm of Vodafone, announce it is selling operations in Angola, Zambia, Côte d'Ivoire, Nigeria and Ghana.

In the first country, the company plans to divest its Business Africa unit to Internet Technologies Angola (ITA). The selling cost is not disclosed but the agreement is subject to approval from market regulatory authorities.

In Zambia, Côte d'Ivoire and Nigeria, operations will be sold to Synergy Communications while operations in Ghana will be transferred to Vodafone Ghana.

The company said the transactions is in line with its enterprise strategy in Africa, which aims to grow and strengthen its core business. Shameel Joosub, CEO of Vodacom Group said, though the company is selling operations, it 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.”

On the same topic
Platform processes 22B+ records daily, boosts speed, security, and insights Move supports MTN’s cloud strategy, AI use, and workforce upskilling MTN...
NTI signed three new partnerships with universities and tech firms to boost ICT training and digital skills for youth across Egypt. Agreements...
Sierra Leone explores blockchain to boost digital governance and transparency SIGN group meets officials to assess blockchain use in public...
London-based Bron Labs, founded by ex-Copper Technologies CEO Dmitry Tokarev, raised $15 million from 140 investors including LocalGlobe, Fasanara...
Most Read
01

Tunisia to launch first fully digital hospital as part of health reform. Project includes AI diag...

Tunisia to Build First Fully Digital Hospital in National Health Overhaul
02

Safaricom's M-Pesa integrated with Ethiopia's national payment network, EthSwitch, on October 27. ...

Safaricom Integrates M-Pesa Into Ethiopia's Payment Rail
03

Lukoil to sell all international assets to Gunvor amid U.S. sanctions Sale includes key oil stake...

Lukoil Agrees to Sell International Assets, African Included, to Swiss Commodities Trader Gunvor
04

ECCBC invests $77.6M to expand Morocco plant, boosting output by 40% New lines produce soft ...

Moroccan Bottler ECCBC Invests $77.6 Million to Grow Its Operations
05

Indian bottler VBL signs exclusive deal to test Carlsberg sales in Africa Move aims to diversify ...

Varun Beverages partners with Carlsberg to enter Africa’s beer market
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.