The National Communications Authority has announced that it has approved the transfer of majority shares in Vodafone Ghana to Telecel Group.
This was contained in a press release issued by the Authority on Tuesday.
“The National Communications Authority wishes to confirm that it has given final approval for the transfer of the 70% majority shares in Vodafone Ghana (Ghana Telecommunications Company Limited – GTCL) held by Vodafone Group Plc to the Telecel Group,” it said.
According to the release, the final approval follows the satisfaction of conditions outlined in the conditional approval of the transfer of the shares, including the agreement of the Government of Ghana, which remains the 30% minority shareholder.
The Authority assured Ghanaians that it would continue to be involved in the transfer process to ensure things are done properly.
“The Authority will continue to guide the takeover process in accordance with the existing License conditions of Vodafone Ghana while ensuring that the interests of consumers are held paramount. The NCA further assures the public that due process will be followed in the interest of all parties.
The NCA had announced on January 2023, that pursuant to the evaluation of the revised proposal from the Telecel Group, it had granted conditional approval for the transfer of the 70% majority shares in Vodafone Ghana held by Vodafone Group Plc (the Seller) to Telecel Group (the Buyer) subject to concessions made by the Seller and representations made by the Buyer to the NCA.
Richard Aniagyei, ISD
