Vodafone Ghana

Vodafone Ghana
Private
Industry Telecommunication
Founded 1974
Headquarters Accra, Ghana
Key people
 Yolanda Cuba, CEO
Revenue US$ 1.2 billion (2006)
Number of employees
 4,000 (2006)
Website www.vodafone.com.gh

Vodafone Ghana, formerly Ghana Telecom, is the national telecommunications company of Ghana. In 2006, it had around 400,000 customers for fixed and mobile telephony and Internet services.

On 3 August 2008 it was announced that Vodafone had agreed to acquire 70 % of Ghana Telecom from the Ghanaian government at a cost of US$900 million and a total enterprise value of approximately US$1.3 billion.[1] After the transaction closed, Vodafone had a 70% stake in the company, while the Ghanaian government retained a 30% stake. The sale was supported by president John Agyekum Kufuor but strongly opposed by the opposition party which would win the presidential elections a few months later. The new president John Atta Mills, head of the National Democratic Congress party (NDC) also launched an investigation into the deal after being elected president a claiming that the government "did not get value for money".[2] Despite these claims Vodafone a few months later would write down the value of its stake in Ghana Telecom by £250m as the economic climate worsened, damaging the business's prospects.[2]

On 16 April 2009, the company was rebranded as Vodafone Ghana.

As of 2015 Vodafone Ghana is the countries second largest operator with a market share for December 2015 was 21.74% and 18.39% of data behind African communications giant MTN Group.[3]

See also

References

  1. ↑ "Acquisition of a 70% Stake in Ghana Telecom". www.vodafone.com. Retrieved 2016-07-28.
  2. 1 2 Wray, Richard (2009-10-14). "Vodafone's Ghana Telecom deal labelled 'illegal'". the Guardian. Retrieved 2016-07-28.
  3. ↑ Quist, Emmanuel. "Ghana Telecoms Industry: NCA releases telecoms market report; where does each operator stand - Telecom - Pulse". Retrieved 2016-07-28.
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