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New Deal


Announced

ITA, Vodafone, and CDC Group to acquire Vodacom Business Africa operations in several markets.

Financials

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Transaction Value-
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Capital Bid For100%
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Tags

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Private

Internet

communications

Friendly

Zambia

Mobile

Pending

Private Equity

Acquisition

Ghana

Nigeria

Angola

Single Bidder

Synopsis

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Vodacom Group, South African mobile phone operator, majority-owned by Vodafone, agreed to sell some of its Business Africa operations, which offer business-managed services to enterprises. The Angolan operations and assets will be acquired Internet Technologies Angola. Operations in Nigeria, Zambia and Ivory Coast will be acquired by Synergy Communications, a subsidiary of the Convergence Partners, part of CDC Group. Vodafone Ghana will buy a business in Ghana. Financial terms were not disclosed. Shameel Joosub, CEO of Vodacom Group, says: "To support the sustainable growth of pan African digital economies and building connected societies, Vodacom will, via local service providers, continue to service clients in each market. We seek to leverage our collective strengths to meet the changing requirements of clients across each of these markets."

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