Takeover process by Telecel to acquire 70% shares of Vodafone completed


Vodafone Group Plc has completed the transfer of its 70% majority shares in Vodafone Ghana (Ghana Telecommunications Company Limited – GTCL), to the Telecel Group.

The process was completed after it successfully obtained all the necessary regulatory approvals, including the agreement of the Government of Ghana, as a minority shareholder.

This was contained in a statement jointly issued by Vodafone and Telecel.


“The completion of the agreement to acquire Vodafone Ghana by Telecel Group presents an opportunity for further innovation and continued delivery of unparalleled services to Ghanaians,” the company noted in the statement.

“Operations of Vodafone Ghana and its three subsidiaries; National Communication Backbone Company Limited (Vodafone Wholesale), Vodafone Ghana Mobile Financial Services Limited (Vodafone Cash), and the Vodafone Ghana Foundation, will continue operations uninterrupted while embracing exciting new possibilities”.

“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,” stated Malek Atrissi, Telecel Group’s COO.

Vodafone Ghana’s CEO, Patricia Obo-Nai on her part said: ‘We are fully committed to delivering excellence across all facets of the business and providing our customers with innovative products and services. We embrace this change as an opportunity for us to explore new and exciting areas of growth.”

The National Communication Authority (NCA) has also reacted to the issue stating that it will continue to provide guidance in the takeover process.

“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”.

By: Rainbowradioonlin.com/Ghana

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