Business

We are not blocking sale of Vodafone Ghana to the Telecel Group – NCA

The National Communications Authority (NCA) has discredited reports that it was impeding the sale of Vodafone Ghana to the Telecel Group.

News broke last week that Vodafone Plc had agreed on a sale of its operations in Ghana to Telecel Group, as the British telecommunications giant looks to refocus on key markets.

Vodafone entered Ghana in 2008 after acquiring 70% of Ghana Telecommunications Company for $900 million.

According to the press release by the NCA, in accordance with due process, it evaluated the application on various criteria and engaged both entities.

After a critical regulatory review and evaluation, the NCA concluded that the request did not meet the regulatory threshold for approval to be granted.

It however stressed that it only endeavoured to ensure compliance with the regulatory framework and international best practices.

Below is a copy of the statement

Press Statement – Vodafone & Telecel Sale Reports – August 2022

Source: Ghana Business

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