• About
  • Advertise
  • Privacy & Policy
  • Contact
The Herald Ghana
Advertisement
  • Home
  • General
  • Entertainment
  • Politics
  • Editorial
  • Business
  • Sports
  • Feature
  • Health
  • World
No Result
View All Result
  • Home
  • General
  • Entertainment
  • Politics
  • Editorial
  • Business
  • Sports
  • Feature
  • Health
  • World
No Result
View All Result
The Herald Ghana
No Result
View All Result

Vodafone sale does not meet regulatory threshold for approval – NCA

August 2, 2022
Reading Time: 1 min read
0 0

The National Communications Authority (NCA) has revealed that the sale of Vodafone Ghana to Telecel Group does not meet the regulatory threshold for approval.

The NCA, however, dismissed media reports that it was deliberately blocking the sale of Vodafone to Telecel describing the reports as false.

In a statement, the NCA stated 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.

“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.”

RelatedPosts

We’ve not blocked sale of Vodafone to Telecel – NCA

Sim Card Re-Registration: Do We Take Joy In Seeing People Queue For Everything?

Court dismisses injunction against SIM card re-registration

The NCA added that the decision was only endeavoured to ensure compliance with the regulatory framework and international best practices.

Vodafone entered Ghana in 2008 when it paid the west African county’s government $900 million for 70% of Ghana Telecommunications Company. The government retains a 30% holding in the business.

Telecel plans to help fund the acquisition by later offloading the Ghana business’s mobile towers, according to people familiar with the matter, who asked not to be identified discussing confidential information.

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
Previous Post

Veteran actor Prince Yawson ‘Waakye’ passes on

Next Post

Soldiers, police deployed to West Gonja to rescue women ‘kidnapped’ while on their farms

RelatedPosts

We’ve not blocked sale of Vodafone to Telecel – NCA

2 weeks ago
Sim Card Re-Registration: Do We Take Joy In Seeing People Queue For Everything?

Sim Card Re-Registration: Do We Take Joy In Seeing People Queue For Everything?

8 months ago

Court dismisses injunction against SIM card re-registration

8 months ago

Service Providers Charge One Percent; Why Charge 1.75 Percent?

9 months ago
Next Post

Soldiers, police deployed to West Gonja to rescue women ‘kidnapped’ while on their farms

Energy Ministry accused of inflating Ameri relocation by US$10 million

Akufo-Addo’s 19 Supreme Court Judges draws Minority Chief’s concerns

Leave Comment
  • About
  • Advertise
  • Privacy & Policy
  • Contact

Copyright © 2022 The Herald Ghana. All Rights Reserved

No Result
View All Result
  • Home
  • General
  • Entertainment
  • Politics
  • Editorial
  • Business
  • Sports
  • Feature
  • Health
  • World

Copyright © 2022 The Herald Ghana. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist