Vodafone Group Plc VODAFONE ANNOUNCES SALE OF VODAFONE GHANA (5541Q)
February 21 2023 - 2:30AM
UK Regulatory
TIDMVOD
RNS Number : 5541Q
Vodafone Group Plc
21 February 2023
21 February 2023
VODAFONE ANNOUNCES SALE OF VODAFONE GHANA
Vodafone Group Plc (Vodafone) has completed the sale of its 70%
shareholding in Vodafone Ghana (GTCL) (1) to Telecel Group.
Margherita Della Valle, Chief Executive of Vodafone, said:
"The sale of Vodafone Ghana to Telecel Group is a further step
in simplifying Vodafone's African portfolio. Since entering the
market in 2008, Vodafone has helped to develop Ghana's critical
network infrastructure supporting customers, businesses and
communities."
The transaction has received regulatory approval and agreement
from the Government of Ghana which will retain its 30% minority
shareholding in GTCL.
- ends -
1. GTCL is Ghana Telecommunications Company Limited. The selling
entity is Vodafone International Holdings B.V, a 100% owned
indirect subsidiary of Vodafone Group Plc.
For more information, please contact:
Investor Relations Media Relations
Investors.vodafone.com Vodafone.com/news/contact-us
ir@vodafone.co.uk GroupMedia@vodafone.com
Registered Office: Vodafone House, The Connection, Newbury,
Berkshire RG14 2FN, England. Registered in England No. 1833679
About Vodafone
Unique in its scale as the largest pan-European and African
technology communications company, Vodafone transforms the way we
live and work through its innovation, technology, connectivity,
platforms, products and services.
Vodafone operates mobile and fixed networks in 20 countries, and
partners with mobile networks in 47 more. As of 31 December 2022,
we had over 330 million mobile customers, more than 28 million
fixed broadband customers, and 21 million TV customers. Vodafone is
a world leader in the Internet of Things (IoT), connecting over 155
million devices and platforms.
We have revolutionised fintech in Africa through M-Pesa, which
celebrated its 15(th) anniversary in 2022. It is the region's
largest fintech platform, providing access to financial services
for more than 58 million people in a secure, affordable and
convenient way.
Our purpose is to connect for a better future by using
technology to improve lives, digitalise critical sectors and enable
inclusive and sustainable digital societies.
We are committed to reducing our environmental impact to reach
net zero emissions across our full value chain by 2040, while
helping our customers reduce their own carbon emissions by 350
million tonnes by 2030. We are driving action to reduce device
waste and achieve our target to reuse, resell or recycle 100% of
our network waste.
We believe in the power of connectivity and digital services to
improve society and economies, partnering with governments to
digitalise healthcare, education and agriculture and create
cleaner, safer cities. Our products and services support the
digitalisation of businesses, particularly small and medium
enterprises (SMEs).
Our inclusion for all strategy seeks to ensure no-one is left
behind through access to connectivity, digital skills and creating
relevant products and services such as access to education,
healthcare and finance. We are also committed to developing a
diverse and inclusive workforce that reflects the customers and
societies we serve.
For more information, please visit www.vodafone.com , follow us
on Twitter at @VodafoneGroup or connect with us on LinkedIn at
www.linkedin.com/company/vodafone .
Advisors to Vodafone
Akira Partners LLP acted as exclusive financial adviser to
Vodafone.
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