NCA Approves Transfer of 70% of Vodafone Ghana Shares To Telecel Group

NCA Approves Transfer of 70% of Vodafone Ghana Shares To Telecel Group

The transfer of the 70% majority of Vodafone Ghana’s shares to the Telecel group has been authorized by the National Communications Authority (NCA).

The NCA stated in a press release on Monday that this is contingent on the Telecel Group making good on its promises and concessions.

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The Authority claims that this is in accordance with the assessment of the updated proposal from the Telecel Group. Vodafone International Holdings B.V. is the owner of the Vodafone Ghana shares.

The NCA received a request from Vodafone Ghana in January of last year for the transfer of 70% of its parent company’s majority-owned shares to Telecel.

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