Synergy Communications to Purchase Vodacom’s Business in Nigeria
South African network operator, Vodacom is set to sell 100% of its business in Nigeria to Synergy Communications and it also happens to be in its final stages of selling its subsidiary in Zambia and Cote d’Ivoire to the same Communications firm.
Vodacom will no longer directly service global enterprise customers in these three markets but will rather continue to operate as a pan African telecommunications networks provider through local relationships like the one with Synergy Communications.
“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.” Shameel Joosub, CEO of Vodacom Group, said.
Synergy seeks to be the lead providers of cloud and other digital services across the sub-Saharan major markets. The company is currently in Malawi, Mozambique, and Botswana.
“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,” Andile Ngcaba, Chairman of Synergy Communications said.