NCA approves Vodafone Ghana takeover
The National Communications Authority (NCA) has given final approval for the transfer of the 70% majority shares in Vodafone Ghana held by Vodafone Group Plc to the Telecel Group.
The final approval follows the satisfaction of conditions outlined in the conditional approval of the transfer of the shares, “including the agreement of the Government of Ghana, who remains the 30% minority shareholder,” the NCA said in a press statement Tuesday, February 21, 2023.
It will be recalled that the NCA had announced on January 16, 2023, that pursuant to the evaluation of the revised proposal from the Telecel Group, it had granted conditional approval for the transfer of the 70% majority shares in Vodafone Ghana to Telecel Group subject to concessions made by the Seller and representations made by the Buyer to the Authority.
Assuring the public that due process will be followed in the interest of all parties, NCA vowed to continue to guide the takeover process in accordance with the existing license conditions of Vodafone Ghana, while ensuring that the interests of consumers are held paramount.
About Telecel Group
Telecel Group operates in four different lines of business all under the telecom industry: (1) Telecel Mobile, which owns and operates several mobile operators in Africa and Europe; (2) Telecel Global Services, which provides wholesale, enterprise, and digital security services to telecom operators and enterprises worldwide; (3) Telecel Play, a digital platform that is digitizing mobile users; and (4) Africa Startup Initiative Program supports innovative startups in Africa and provides these innovative startups with the funding and guidance to scale up. For more information on the Telecel Group program, visit http://telecelgroup.com
Source: thebftonline.com
