05 September 2019

South-African telecom firm Vodacom, the African unit of British giant Vodafone, is selling operations in Angola, Zambia, Côte d’Ivoire, Nigeria and Ghana.

In Angola, the company said it plans to divest its Business Africa unit to Internet Technologies Angola (ITA).

However, it did not disclose any financial details and 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 absorbed internally by Vodafone Ghana.

The company said the transactions is in line with its enterprise strategy in Africa. Shameel Joosub, chief executive officer at 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”.