Connect with us

International Circuit

Ghana approves sale of controlling stake in Vodafone 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.

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. Reuters

Click to comment

You must be logged in to post a comment Login

Leave a Reply

Copyright © 2023 Communications Today

error: Content is protected !!