AFRICA – Inq Holdings Limited, formerly Synergy Communications, has completed 100 percent acquisition of Vodacom Business operations in four African countries; Nigeria, Zambia, Cote d’voire and a planned acquisition in Cameroon once they receive pending regulatory approvals.
This was announced by Convergence partners, who own the Pan African digital service platform, Inq. Holdings Limited.
This landmark transaction grows the Mauritius-based inq.’s regional footprint as a leading enterprise solutions provider to 13 cities in 7 countries across Africa including its existing operations in Botswana, Malawi and Mozambique.
Via its platform, Convergence Partners aims to position itself as a unified pan-African provider of cloud and digital services, offering a suite of next-generation technology solutions in the areas of edge, artificial intelligence, network, and cloud virtualization.
“This represents a further milestone in our journey to create a group serving the enterprise
community across sub-Saharan Africa with a uniformly high quality of service and consistent product offering”, remarked Brandon Doyle, CEO of Convergence Partners.
“Through inq., we are able to deliver intelligent connectivity through seamless delivery of cloud and digital services and digital technologies to our clients. As 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”, said Andile Ngcaba, Chairman of Convergence Partners and Executive Chairman of inq.
Convergence Partners, founded in 2006, is an investment management firm focused on the TMT sector in Africa. It has a proven track record of developing new investment opportunities as well as actively adding value to investments across the life cycle of ICT assets.
It is a seasoned pan-African private equity player, experienced in developing businesses to deliver enhanced returns while underpinning Continental development.
Vodacom is a South African mobile communications company, providing voice, messaging, data and converged services to over 55 million customers.
From its roots in South Africa, Vodacom has grown its operations to include networks in Tanzania, the Democratic Republic of the Congo, Mozambique, and Lesotho, and provides business services to customers in over 32 African countries, including Nigeria, Zambia, Angola, Kenya, Ghana, Côte d’Ivoire, and Cameroon