Vodafone Group completes the sale of Vodafone Ghana to Telecel Group
Vodafone Group Plc (Vodafone) officially announced the completion of the sale of its 70% shareholding in Vodafone Ghana (GTCL) to Telecel Group.
The transaction received an approval from the NCA after Telecel fulfilled “regulatory threshold”
In a press statement, Margherita Della Valle, Chief Executive of Vodafone, said: “The sale of Vodafone Ghana to Telecel Group is a further step in simplifying Vodafone’s African portfolio.
“Since entering the market in 2008, Vodafone has helped to develop Ghana’s critical network infrastructure supporting customers, businesses and communities.”
Malek Atrissi, Telecel Group’s COO also said: “This acquisition is a testament to our enthusiasm and positive outlook for the Ghanaian market, which we view as a vital market with unlimited potential for digitalization and innovation in Africa.
“Telecel Group is eager to develop and bring forward-thinking offerings to our subscribers, enterprises, and communities in Ghana. We look forward to a transformation journey of Vodafone Ghana with the contribution and growth of its human capital.”
The Government of Ghana, which will keep its 30% minority stake in Vodafone Ghana (GTCL), has given regulatory permission and agreed to the transaction.