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Telecommunications: Vodafone now controlled by Telecel Group

18/01/2023
Source : ORISHAS FINANCE
Categories: Sectors

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The National Communications Authority (NCA) announced on Monday, January 16, that it has approved the operation under which the transaction to acquire a 70% majority stake in the Telecel Group in Ghana Telecommunications Company Limited (Vodafone Ghana) is established after months of negotiations.

An authorization made public after reviewing a financial and technical proposal that was revised last December. According to the instance, the request did not meet the regulatory threshold for approval to be granted.

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