Vodacom sells business services in four countries to Inq
Vodacom has sold its business operations in Nigeria, Zambia and Côte d’Ivoire, and is waiting approval for the sale of its Cameroon operations.
The purchaser – though no one is naming a price – is Convergence Partners, the investment company that has stakes in Seacom and two wholesale fibre projects, CSquared and FiberCo Telecommunications.
Brandon Doyle, CEO of Convergence Partners, said: “This represents a further milestone in our journey to create a group serving the enterprise community across sub-Saharan Africa with a uniform high quality of service and consistent product offering.”
The companies will be owned through Inq Holdings, a Mauritius-based subsidiary that used to be called Synergy Communications. Vodacom, based in South Africa, is part-owned by Vodafone.
“Through Inq we are able to deliver intelligent connectivity through seamless delivery of cloud and digital services and digital technologies to our clients,” said Andile Ngcaba (pictured), chairman of Convergence Partners and executive chairman of inq.
The planned acquisition in Cameroon is awaiting regulatory approval.
Ngcaba, former executive chairman of Dimension Data’s business in the Middle East and Africa, said: “As the global thinking is going through a reset because of Covid-19, inq is ready to provide business continuity to our global and continental and local clients.”
According to its website, Inq is a pan-African cloud-based digital service provider with points of contacts in 12 African cities – Johannesburg, Gaborone, Lusaka, Ndola, Blantyre, Lilongwe, Mzuzu, Lagos, Abuja, Port Harcourt, Kanu and Abidjan.
The company said the latest acquisition grows its regional footprint as an enterprise solutions provider to 13 cities in seven countries across Africa including its existing operations in Botswana, Malawi and Mozambique.
Inq said it will “embark on the next phase of building a unified pan-African cloud and digital service provider, bringing to market a very relevant suite of next generation technology solutions in the fields of edge, artificial intelligence, NFV and cloud”.