22 February 2023
Vodafone Group completed the sale of its 70% stake in its Ghana division to Telecel Group, after receiving final regulatory approval.
Ghana’s National Communications Authority gave the transaction the green light, as did the Government of Ghana, which holds the remaining 30% in the business. The authority had previously halted the transaction due to issues around regulatory provisions on Telecel’s side, but the deal went ahead after the operator revised its proposal.
Vodafone’s Ghana division was one of the few assets in Africa owned directly by the company rather than by local subsidiary Vodacom Group. Interim Vodafone CEO Margherita Della Valle said that the sale of the unit is ‘a further step’ in simplifying the company’s African assets, adding it has helped improve the country’s network infrastructure since it entered the market in 2008.
