Sale of Vodafone Ghana’s operations to Telecel: We are ensuring compliance with regulation – NCA
The National Communications Authority (NCA) has refuted claims of blocking the sale of Vodafone Ghana’s operations to Telecel Group.
This is in the wake of media reports that the Ministry of Communications and Digitalisation (MoCD) has blocked the sale of Vodafone Ghana.
The Authority in a statement issued on August 2, 2022, stated that such claims are false and should be disregarded.
According to NCA, it “only endeavoured to ensure compliance with regulatory framework and international best practice.”
The Authority noted that “In January 2022, the NCA received an application for the transfer of 70% majority shares in Ghana Telecommunications Company Limited (Vodafone Ghana) from Vodafone International Holdings B.V. to the Telecel Group.”
It added that “in accordance with due process, the Authority evaluated the application on various criteria and engaged both Vodafone and Telecel Group.
“After a critical regulatory review and evaluation, the NCA concluded that the request did not meet the regulatory threshold for approval to be granted,” the statement concluded.
Source: Ghana News
