The Ghanaian authorities have granted Vodafone International Holdings an interim approval to embark in the sale of 70% stake in Vodafone Ghana to Telecel Group. This was made known through a media release from the regulatory agency confirming that it has granted Vodafone International Holdings approval to sell its 70% stake in Vodafone Ghana to Telecel Group, the country’s telecommunications regulator has said.
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.
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The NCA said that the revised proposal provided more clarity on funding required for the transaction and met the regulatory threshold.
Kelechi Deca
Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry