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
Faso Code X will open in February 2026 with a focus on advanced digital skills Training will cover AI, cloud computing, cybersecurity, and...
President Mahama announced plans for a national cyber and electronic warfare hub The center is expected to be located in Tamale, in northern Ghana The...
Senegal plans to digitize its judicial system under its “New Deal technologique” strategy to improve efficiency and access. Judicial leaders...
Mauritania launched an international tender to award satellite communications licenses to expand internet access. About 63% of the population did not use...
Most Read
01

The BoxCommerce–Mastercard Partnership introduces prepaid cards, giving SMEs instant access to e...

South Africa’s BoxCommerce Partners with Mastercard on SME Fintech Solution
02

Togolese banks provided 16.2% of WAEMU cross-border credit by September 2025 Regional cross...

Togo accounts for 16.2% of cross-border bank financing in WAEMU
03

Circular migration is based on structured, value-added mobility between countries of origin and host...

Circular migration as a lever to turn Africa’s student exodus into value
04

Nigeria licensed Amazon’s Project Kuiper to operate satellite services from 2026, setting up dir...

Amazon and Starlink Set Up Satellite Internet Rivalry in Africa
05

President Tinubu approved incentives limited to the Bonga South West oil project. The project tar...

Nigeria approves targeted incentives to speed up Shell’s Bonga South West project
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.