Vodafone to acquire majority stake in Ghana Telecommunications

AddThis Feed Button

July 6th, 2008 Leave a comment Visited 39 times, 1 so far today

Vodafone to acquire majority stake in Ghana Telecommunications

Mobile industry giant Vodafone has announced that they are going to acquire a 70-percent stake in Ghana Telecommunications.

The deal is worth around 900 million dollars.

The company said that they would purchase this stake from the government of Ghana. The government would continue to own rest of the stake in the company.

Vodafone added that they expect this deal to complete by the third quarter of the year.

The European company said: “Ghana is one of the most attractive markets in Africa with mobile subscribers growing at more than 55 percent per year and mobile penetration around 35 percent. I expect that our investment will generate substantial benefits for Vodafone and for the Ghanaian economy and we are delighted that we will be working in partnership with the Government of Ghana.”





TechWhack on Facebook

This website uses IntenseDebate comments, but they are not currently loaded because either your browser doesn't support JavaScript, or they didn't load fast enough.

Leave a Comment

Related Posts

Popular Posts

blank