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General

Vodafone to acquire Ghana Telecom for USD 960 mln - report

Friday 27 June 2008 | 09:37 CET | News
Vodafone is expected to be confirmed the new owner of Ghana Telecom (GT) by 2 July of this year according to Ghana's newspaper the Daily Guide citing the ministry of finance sources. Vodafone was said to have concluded negotiations with government to acquire a 66.7 percent stake in the state-owned telecom incumbent which had been tabled for privatisation since last year. "The source indicated that Vodafone which was the sole company negotiating with the Inter-Ministerial Committee, agreed on a USD 960 million deal. The committee and the Ghana Investment and Promotion Council (GIPC) were

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Categories: Fixed / General / Mobile & Wireless
Countries: Ghana
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