Convergence Partners’ subsidiary, Inq. (formerly Synergy Communications), has acquired Vodacom Business Africa’s operations in Nigeria.
Convergence says that the company now total ownership of Vodacom units in Nigeria, Zambia and Cote d’Ivoire and is in talks to acquire Vodacom’s operations in Cameroon where it awaits regulatory approvals to complete the deal.
Vodacom Nigeria was established as Gateway Business Africa (GBA), a provider of pan-African data hosting services and telecommunications services in 42 sub-Saharan countries.
Gateway Business was formerly a division of Gateway Communications, which was acquired by the Vodacom Group in December 2008 for $675m
In March 2010, as part of Vodafone Global Enterprise, Gateway Business Services won a Five Year Contract to provide Deutsche Post DHL with a managed network.
In August 2010 Gateway Business Africa launched wireless broadband in six states of Nigeria, to be rolled out across the whole of Nigeria.
In June 2012, Vodacom sold some of the business units of Vodacom Business Africa to PCCW Global, a company controlled by Hong-Kong tycoon Li Ka-Shing.
The acquisition of Vodacom’s Nigeria unit has expanded Inq.’s regional footprint as a leading enterprise solutions provider to twelve cities in seven countries across Africa including its existing operations in Botswana, Malawi and South Africa with additional investment in Mozambique.
Inq’s chief executive Valentine Chime said, “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.”
According to him, Inq now has operations in major African cities of Lagos, Abuja, Port Harcourt, Kano, Gaborone, Lusaka, Ndola, Blantyre, Lilongwe, Mzuzu, Abidjan and Johannesburg, the inq. team prides itself on global best practice methodologies customised to local customs in each of the 16 cities, covering different sectors including banking, oil and gas, fast-moving consumer goods (FMCG), mining, health, real estate, information technologies, public sector and logistics.
“Under the Inq. banner, the company 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 AI, SD-WAN/NFV and Cloud,” he added.
Domiciled in Mauritius, Inq. Holdings Limited is a subsidiary of Convergence Partners Communications Infrastructure Fund, a fund dedicated solely to communications infrastructure and related services and technologies across Sub-Saharan Africa (SSA).