Convergence Partners platform acquires Vodacom Business Africa’s operations in 4 regions

Convergence Partners platform acquires Vodacom Business Africa’s operations in 4 regions

11 May 2020, Johannesburg, South Africa – Convergence Partners announced that its pan- African digital service provider platform, inq. Holdings Limited (formerly Synergy Communications), has completed the 100% acquisition of Vodacom Business Africa’s operations in Nigeria, Zambia and Cote d’Ivoire with a further planned acquisition in Cameroon pending regulatory approvals. This landmark transaction grows 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. 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, Artificial Intelligence, NFV and Cloud.

"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", 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 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", said Andile Ngcaba, Chairman of Convergence Partners and Executive Chairman of inq.

ENDS

About Convergence Partners

Convergence Partners is a seasoned pan-African private equity player created out of a passion for technology and a desire to bridge the digital divide in Africa. Since inception in 2006, Convergence Partners has developed a strong track record of delivering enhanced investment returns while simultaneously driving continental development through investment in information and communication technology (ICT) infrastructure and services. With over US$300mn of capital under management, Convergence Partners brings its skills, experience and capital to develop new investment opportunities as well as actively adding value to investments across the lifecycle of ICT assets.

To date Convergence Partners has partnered with several global best-in-breed operators and has played a leading role in landmark African ICT infrastructure investments that have changed the paradigm in pricing of broadband services and availability of reliable, quality networks, services and new technology offerings, such as:

  • SEACOM, the first undersea fibre system serving East Africa and the first independent investor-led undersea system for Africa;

  • New Dawn, the first ever African private sector, alongside Intelsat owner communications satellite of the world’s largest fleet of communication satellites;

  • CSquared, a broadband infrastructure company focused on building wholesale metro fibre optic networks and enabling internet access throughout Africa, in partnership with Google, IFC and Mitsui; and

  • FibreCo Telecommunications, the first independent, open access national fibre network in South Africa and the first provider of a managed long-haul fibre product in Africa

    For more information, visit http://www.convergencepartners.com/About inq.

    inq. is a pan-African cloud and digital enterprise provider with a bold vision of re-imagining the future through digital solutions by providing innovative, business relevant services that include:

  • Edge AI Solutions

  • SDN/NFV Solutions

    Cloud-based Solutions And Intelligent Connectivity

    Domiciled in Mauritius, inq. Holdings Limited is a subsidiary of the Convergence Partners Communications Infrastructure Fund, the fund dedicated solely to communications infrastructure and related services and technologies across sub-Saharan Africa.

    Find out more at: http://www.inq.inc

    Contact info:
    Yolande Tabo
    Convergence Partners
    Tel: +27 72 9394288
    Email: yolandet@convergencepartners.com