Ghana approves sale of controlling stake in Vodafone Ghana to Telecel Group
Ghana has granted Vodafone International Holdings approval to sell its 70% stake in Vodafone Ghana to Telecel Group, the country's telecoms regulator said on Monday, 16 January.
The logo of Vodafone is seen on the facade of a store in Ronda, Spain, on 3 October 2022. Reuters/Jon Nazca
The National Communications Authority (NCA) approved the sale after Telecel submitted a revised financial and technical proposal in December. The NCA had turned down an initial sale plan submitted by Vodafone Ghana early last year as it did not meet required regulatory standards.
The NCA said that the revised proposal provided more clarity on funding required for the transaction and met the regulatory threshold.
Source: Reuters
Reuters, the news and media division of Thomson Reuters, is the world's largest multimedia news provider, reaching billions of people worldwide every day.
Go to: https://www.reuters.com/Related
#TopEmployers2025: Matimba Mbungela, chief HR officer - from the Cape to Cairo, what sets Vodacom apart from the rest 17 Feb 2025 Vodacom partners with tech giants to help bridge Africa's digital skills gap 20 Nov 2024 2023 IMM Marketing Excellence Awards' finalists announced 1 Nov 2023 The battle of the boardroom at the Nedbank IMC Conference 11 Aug 2023 Digital technology a game changer for education in sub-Saharan Africa 6 Jul 2023 Vodacom reports 6.4% drop in full-year profit 15 May 2023
