South African mobile phone operator Vodacom has announced the completion of the acquisition of the carrier services and business network solutions subsidiaries of Gateway Telecommunications SA (Pty) Ltd. The transaction has received approval from the relevant regulatory authorities in South Africa and Tanzania and from the South African Reserve Bank.
Gateway is Africa's largest independent provider of interconnection services via satellite and terrestrial network infrastructure for both African and intercontinental telecommunications companies. Gateway also provides an extensive range of high quality, end-to-end connectivity solutions to multinational corporations operating across Africa.
Commenting on the conclusion of the acquisition, Vodacom Group CEO Pieter Uys said:
"Vodacom has sustained double digit growth for more than a decade. As mobile phone penetration levels increase in South Africa, we are actively repositioning Vodacom as a total communications provider with new avenues for growth. The Gateway acquisition is a key part of this strategy and I'm pleased to announce that the transaction has now been concluded."
Discussing the future, Gateway CEO Peter Gbedemah said:
"Vodacom and Gateway are a formidable combination. Gateway has a physical presence in 13 countries and provides services across 40 African countries. We have a unique pan-African service provider model and to this Vodacom brings additional resources, efficiencies and a wider product range.