Vodafone Ghana, the second biggest telecom company in the country, has acquired the entire stake Vodacom Group in Vodacom Business Ghana (VBG) for an undisclosed price.
The move will enable Vodafone Ghana to assimilate VBG’s operations into its existing business, to provide a seamless transition for existing clients and employees.
A statement issued in Accra last Monday and signed by the Director of External Affairs of Vodafone Ghana, Mr Gayheart Mensah, said in spite of the new acquisition, Vodafone and Vodacom would continue to collaborate in Ghana through a pan-African partnership model for what it described as enterprise clients.
“The transaction, which has received regulatory approval, supports Vodacom Group’s refocused Enterprise strategy in Africa, which seeks to grow and strengthen its core business.
It also aligns with Vodafone’s strategy to consolidate its African assets. Vodacom remains Vodafone’s preferred enterprise partner in Africa and will work with Vodafone Ghana to accelerate all future activities across the continent” the statement added.
It said the transaction forms part of the strategic repositioning announced earlier by Vodacom about its Vodacom Business Africa operations that had ultimately resulted in separate partnership arrangements involving its enterprise businesses in Nigeria, Zambia, Angola and Cote d’Ivoire.
Culled from Graphic online
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