Vodafone Ghana has announced the acquisition of 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 and provide a seamless transition for existing clients and employees. 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.
Guy Clarke, Managing Director for Vodacom Business Africa, stated: ‘This transaction shouldn’t be viewed as Vodacom exiting the Ghanaian market but rather a consolidation of resources and expertise with Vodafone to deliver an improved integrated service to our Enterprise customers within Ghana and across the continent.’ Patricia Obo-Nai, CEO of Vodafone Ghana, noted: ‘Consolidating our customer bases, products and services portfolios and customer experience approaches will unlock further value for Enterprise customers.’
Vodacom Group is majority-owned by UK-based mobile giant Vodafone Group (60.5%). In June 2019 the group announced that as part of a strategic ‘repositioning’ of its Vodacom Business Africa operation, it is selling off its enterprise businesses in Nigeria, Zambia, Angola, Ghana and Cote d’Ivoire, and instead will enter into service provider agreements with local operators.