After successfully gaining all essential regulatory clearances, including the assent of the Government of Ghana as a minority shareholder, Vodafone Group Plc has finalized the transfer of its 70% majority stake in Vodafone Ghana to the Telecel Group.
Since 2008, when Vodafone Group Plc acquired a majority interest in GTCL and founded Vodafone Ghana, this is the company’s most recent significant shift.
With a brand established in 1986 and operations mostly in Africa, Telecel is a telecommunications firm with an emphasis on the continent. It combines traditional telecommunications with fintech, e-commerce, and internet startups.
The conclusion of the agreement for Telecel Group to purchase Vodafone Ghana gives a chance for additional innovation and the continuous provision of unmatched services to Ghanaians.
Vodafone Ghana’s operations, along with those of 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 unabatedly while embracing exciting new opportunities.
According to Malek Atrissi, Telecel Group’s COO, “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.”
Vodafone Ghana assures its customers and stakeholders of their unwavering commitment to continuity across all services and products. Vodafone Ghana’s CEO, Patricia Obo-Nai 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.
Source: Pulse Ghana
