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Home Industries Corporate deals

Convergence Partners’ subsidiary, inq acquires Vodacom Nigeria

Chidi Emenike by Chidi Emenike
September 24, 2020
in Corporate deals
Convergence Partners’ subsidiary, Convergence Partners’ subsidiary, inq. expands; acquires Vodacom Nigeria
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Convergence partners subsidiary, inq (formerly Synergy Communications) has acquired 100 per cent stakes of Vodacom Business Africa’s operations in the African countries of Nigeria, Cote d’Ivoire, Zambia with an intent to further acquire that of Cameroon, pending regulatory approvals.

READ ALSO: Google signs in to Theta (blockchain) to transform the global digital economy

Speaking on the motive behind the deal, the company said it had decided to 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 AI, SD-WAN/NFV and Cloud.

(READ MORE: UK-based group to invest $245 million in 100 Nigerian businesses)

The transaction expands inq.’s regional presence as a leading enterprise solutions provider to 12 cities in seven countries across Africa including its existing operations in Botswana, Malawi, and South Africa with additional investment in Mozambique.

Explore the Nairametrics Research Website for Economic and Financial Data

The statement quoted the Managing Director, inq. Nigeria, Valentine Chime, as saying, “Covid-19 has accelerated digital transformation, and inq. is perfectly positioned to deliver intelligent connectivity through seamless delivery of cloud and digital services and technologies to our clients. We are about simpler, seamless solutions.”

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Tags: Convergence partnersinqValentine ChimeVodacom

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