Africonnect Acquired by Vodacom Business Africa
AfriConnect Zambia announced that it has been acquired by Vodacom Business Africa (VBA) and thus becomes part of the Vodacom group of companies. Vodacom itself is majority-owned by Vodafone - the world's largest mobile phone and data company.
AfriConnect, with its core iConnect.zm high-speed wireless broadband product, and its iSpot widespread hotspot services, already delivers more Internet bandwidth into Zambia than any of its competitors. Under this strategic new ownership the Company is committed to major capital expenditure which will allow for upgrading of its network, increasing resilience and capacity, and reaching new towns and locations around the country. It will be taking advantage of Vodacom's high-capacity data infrastructure around Africa to bring in more bandwidth (both fibre and satellite based), as well as leveraging the skills base of the parent Company.
AfriConnect will continue to trade under its existing name (with its distinctive orange colour) and operate and improve its full range of existing products. All current management and staff will remain in place.
Mark Bennett, Managing Director of AfriConnect stated: “Since inception in 2005, AfriConnect has been committed to Zambia's development, promoting all the benefits that good connectivity and communications can bring to economic growth. We will continue to support education via the iSchool.zm eLearning project, as well as work in other development sectors such as health and rural growth”.