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More Africa NewsVodafone Ghana acquires Vodacom Group’s entire stake in Vodacom Business Ghana

December 18, 2019by myles

Vodafone Ghana has announced that it has acquired Vodacom Group’s entire stake in Vodacom Business Ghana (VBG) for an undisclosed price.  Vodafone Ghana will assimilate VBG’s operations into its existing business, to provide a smooth transition for existing clients and employees. Vodafone and Vodacom will continue to collaborate in Ghana through a pan-African partnership model for enterprise clients.

The transaction has received regulatory approval and it supports Vodacom Group’s refocused enterprise strategy in Africa, which seeks to expand and strengthen its core business. It aligns with Vodafone’s aim to consolidate its African assets.

It said the transaction forms part of a repositioning announced earlier by Vodacom of its Vodacom Business Africa operations, which has resulted in separate partnership arrangements involving its enterprise businesses in Nigeria, Zambia, Angola and Cote d’Ivoire.

Source: Telecompaper.com