Connect with us

News

Vodafone to leave Ghana market, sells its stake in Ghana to Telecel

Published

on

Vodafone Plc has agreed a sale of its operations in Ghana to Telecel Group, as the British telecommunications giant looks to refocus on key markets.

The London-listed company will sell its majority stake in Vodafone Ghana to Africa-focused Telecel, subject to certain conditions, a spokesperson for Vodafone said in an emailed statement 

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

Advertisement

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. 

A representative for Telecel confirmed the talks with Vodafone, but declined to comment further.

Nick Read, Vodafone’s chief executive officer, has been focusing the group on Europe and Africa as he streamlines a sprawling operation that once extended from its Newbury, England headquarters all the way to New Zealand. 

Advertisement

In Africa, Vodafone has been steadily consolidating interests under its sub-Saharan subsidiary Vodacom Group Ltd., of which it owns 60.5%. Vodafone explored a sale of its Ghanaian business to Vodacom in early 2021 and, while that deal did not materialize, transfered a 55% holding in its Egyptian operations to the group later in the year. 

Founded in 1986, Telecel operates in more than 30 countries and employs over 700 staff, according to its website.

The company has a history of growth through acquisitions, having struck deals in Gibraltar, Liberia and Mauritania in recent years. 

Advertisement

Source: http://Bloomberg

Advertisement

Multiple Award Winning Travel & Celebrity Blogger | Teacher | Geographer | Writer| Publicist | PR Expert| Editor | Artistes Promoter| Talent Manager | Digital Marketer | Social Media Consultant | Web Entrepreneur | CEO of Sintim Media |

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

Meet the face behind Ghana’s Leading Real Estate Firm, “The John Sam Realty”

Published

on

John Sam is a young entrepreneur making a significant mark in the real estate industry. With a passion for helping people and a strong commitment to providing high quality services, he has built a reputation for being reliable and dedicated. His company, “The John Sam Realty,” has become known for its professionalism and customer satisfaction.

John Sam’s journey in the real estate business has been driven by his desire to make a difference. His focus has always been on offering solutions that help people buy and sell property with ease and confidence. Through his hard work and consistency, he has managed to build a solid foundation of trust with his clients, always ensuring their needs are met.

Advertisement

The services offered by “The John Sam Realty” cover a wide range of real estate needs. People looking forward to buying litigation-free land, need assistance with land surveying, or require help with land documentation, John Sam’s team is equipped to handle it all. They offer services such as preparing cadastral site plans, indentures, and land registration, making sure the paperwork is handled professionally and efficiently.

In addition to land-related services, The John Sam Realty also provides supplies for building materials and architectural designs. If one is planning to construct or renovate a property, the firm can guide you through the entire process, from design to construction. The company also offers real estate consulting, ensuring that clients make informed decisions every step of the way.

John Sam’s expertise and hands-on approach make him a trusted advisor for anyone looking to navigate the world of real estate. He understands that buying property or starting a construction project can be overwhelming, which is why he is always available to offer advice and support.

Advertisement

John Sam is also currently pursuing his studies in Real Estate at the prestigious Kwame Nkrumah University of Science and Technology (KNUST), all while managing his real estate business both on and off-campus. Despite being in school, he continues to bring real estate projects and deals to a successful closure. One of his recent successes was securing a land property for a Canadian real estate developer, who is planning a residential project. The deal, worth GHC 600,000, was led by John Sam, who spearheaded and facilitated the entire property transaction.

For those interested in any of these services or seeking real estate advice, John Sam and his team can be reached at 0249421563 or 0598296959. You can also send an email to nanaksam9@gmail.com for further information.

With John Sam’s leadership and commitment to excellence, The John Sam Realty continues to be a trusted name in the real estate industry.

Advertisement

situs slot

situs gacor

situs slot

Advertisement

Continue Reading
Advertisement

Facebook

Featured

Music6 days ago

Mr. Talisman Readies “Man Nobe God” on April 22, 2025

Ghanaian-US based music sensation Mr. Talisman is set to shake up the Afrobeat scene with the release of his latest...

Showbiz1 week ago

African Dance Rhythms set the National Academy of Students Achievements Awards Ghana (NASAAG) stage ablaze with an epic performance

The National Academy of Students Achievements Awards Ghana (NASAAG) celebrated excellence and cultural pride in grand style last Friday at...

Lifestyle1 week ago

Social Advocate Portia Nana Akua Pinamang Exposes Red 225 Drug Crisis Among Ghanaian Youth

Ghanaian social advocate and media personality, Portia Nana Akua Pinamang, is raising urgent concern over the rising abuse of Red...

Awards2 weeks ago

CEBA 2025: Celebrating 5 Years of Honoring Excellence in Entertainment and Business⁠

CEBA 2025: Celebrating 5 Years of Honoring Excellence in Entertainment and Business⁠ The Central Entertainment and Business Awards (CEBA) has...

Entertainment2 weeks ago

Qwamenewking Premieres New Afrobeat Single ‘Backyard’ with Odjidja

Qwamenewking Premieres New Afrobeat Single ‘Backyard’ with Odjidja.   Ghanaian-born, US-based Afrobeat sensation Eric Frimpong, popularly known as Qwamenewking, has...

Lifestyle2 weeks ago

“Unfiltered Thoughts with Nana Akua”, Real Conversations About Life’s Hardest Truths

Unfiltered Thoughts with Nana Akua is a podcast that brings honest and raw conversations about the realities of life. It’s...

Business2 weeks ago

Meet the face behind Ghana’s Leading Real Estate Firm, “The John Sam Realty”

John Sam is a young entrepreneur making a significant mark in the real estate industry. With a passion for helping...

Entertainment2 weeks ago

African Dance Rhythms to perform at this year’s National Academy of Students’ Achievement Awards Ghana (NASAAG) on April 11

On April 11, 2025, the British Council in Ghana will host the 5th anniversary of the highly anticipated National Academy...

ALBUMS3 weeks ago

BEDA To Release Debut Album “Will Let You Go” on May 2, 2025

Multi-instrumentalist Beda unveils his deeply personal and sonically rich solo album, Will Let You Go, set for release on May...

Entertainment3 weeks ago

“Performers to expect at Jesus loves poetry coming 20th”

On April 20, 2025, at 4:20 PM, the Trinity Congregation (Kwashieman Presby) will be the venue for one of the...

Advertisement

Trending