Vodafone is considering options for its Ghana business as the British telecommunications giant focuses on reorganising and paying down debt.
The company could sell its majority stake in the unit to Vodacom, in which Vodafone is the biggest shareholder. The Ghana government will have to approve this deal if it materialises.
The carrier “may struggle to find attractive offers for its Ghanaian unit — given a dwindling subscriber base and 30% government stake — so a sale to its African subsidiary Vodacom looks likely”, Bloomberg Intelligence analyst Erhan Gurses said in a note.
- TikTok removed nearly 90 million videos globally in the second half of 2020In total, from July 1 to December 31 last year, the company said it … Read More
- Mastercard, MTN partner To enable payments on global platforms with Mobile MoneyMastercard and MTN announced a strategic partnership to enable millions of consumers in 16 countries across Africa … Read More
- Using lessons learnt in 2020 to combat the security threats in 20212020 saw a boom in cyberattacks with cybercriminals taking advantage of the coronavirus pandemic … Read More
- Cybercrime and the pandemic – Read Now!A new report from BlackBerry shows that as our digital habits have changed over the past … Read More
- Here is why enterprise security isn’t just an IT problemThey say a chain is only as strong as its weakest link; when it … Read More
Vodafone has been steadily consolidating its Africa interests under Vodacom, in which it holds a more than 60% stake, selling a minority shareholding in Kenyan market-leader Safaricom to the SA company in 2017.
Vodafone also told management of the Ghana business to report to Vodacom CEO Shameel Joosub from April 2020, another step towards bringing the company’s operations on the continent under one roof.