April 22, 2024

All is set for Telecel Group to acquire a 70 per cent share in Vodafone Ghana after initial setbacks Attorney General Godfred Dame has said after scrutinising all the documents, he is convinced that the deal can proceed Vodafone International Holdings B.V. holds the 70% shares that Telecel Group is set to acquire, while the Government of Ghana owns the remaining 30% PAY ATTENTION: Enjoy reading our stories? Join YEN.com.gh’s Telegram channel for more! The government of Ghana through the Attorney-General has approved the sale of 70% of Vodafone Ghana to Telecel. Telecel describes itself as a leading Africa-focused provider of digital & communications services. The company was founded in 1986 by the late Congolese businessman Miko Rwayitare. Ads by The company prides itself on its ability to achieve turnarounds in difficult markets. Telecel Group, a company that prides itself as results-driven African-focused company, will soon take over 70% of Vodafone Ghana. Source: Facebook/@TelecelGroup, @vodafoneghana. Source: Facebook After scrutinising documents forwarded by the Finance Ministry, Attorney-General Godfred Dame has stated in a letter that the transaction can proceed because documents covering the sale meet relevant laws and requirements. RECOMMENDED FOR YOU “Atsu spoke to me in a dream about his wife, kids and the earthquake last n… PAY ATTENTION: Follow us on Instagram – get the most important news directly in your favourite app! The approval by the Attorney-General is the last step in the process initiated by Vodafone International Holdings B.V. to offload its 70% shares to Telecel Group. The Government of Ghana owns the remaining 30%. Meanwhile, the staff of Vodafone Ghana are anxious about their job security as the sale to Telecel nears completion. Government earlier granted conditional approval for the sale YEN.com.gh reported in a separate story that the government in January 2023 granted conditional approval for the sale of Vodafone Ghana to Telecel Group. The National Communications Authority (NCA) in a statement said the approval was for the transfer of the 70% majority shares in Vodafone Ghana. Telecel Group earlier made a bid for Vodafone Ghana which was rejected by the government of Ghana.



Source: yennews.com

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