NCA approves 70% sale of Vodafone Ghana to Telecel.

The National Communications Authority (NCA) has granted approval for the transfer of the 70% majority shares of Vodafone to Telecel Group, an official statement has said.

NCA in January last year received an application from Vodafone Ghana for the transfer of the majority shares held by the seller to the buyer.

A statement issued by NCA on Monday (16 January) said Telecel’s revised proposal has now met the regulatory threshold.

“Based on the above, the NCA confirms that the revised proposal from the Buyer now meets the regulatory threshold and hence has granted a conditional approval for the transfer of shares to the Buyer including submission of strategies for employee retention.”

“The NCA would like to assure the general public and all stakeholders that it would continue to work with Vodafone Ghana and the Buyer to complete all outstanding regulatory requirements to ensure a smooth transition as well as continuity of service delivery and improved choice for consumers and competition within the industry,” the NCA statement said. https://asaaseradio.com/nca-approves-70-sale-of-vodafone-ghana-to-telecel. READ MORE…