• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

NCA gives green light for Telecel Group to take over Vodafone Ghana’s majority shares

Vodafone Ghana's majority shares grabbed by Telecel Group

3 years ago
in Business, Editor's pick, Features, highlights, Home, home-news, latest News, Technology, Telecom
1 min read
0 0
0
454
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

NCA gives green light for Telecel Group to take over Vodafone Ghana’s majority shares

The National Communications Authority (NCA) has granted conditional approval for the transfer of a 70% majority stake in Ghana Telecommunications Company Limited (Vodafone Ghana) from Vodafone International Holdings B.V. to the Telecel Group.

The revised proposal from the Telecel Group, which demonstrated a commitment to the needed capital investment to extend the deployment of 4G and launch innovative fintech solutions, met the regulatory threshold for approval, according to the NCA.

The NCA in a press release copied to NorvanReports said it received an initial application for the transfer of shares in January 2022, but the request did not meet the regulatory threshold for approval.

Following the NCA’s decision, the Telecel Group resubmitted a revised financial and technical proposal in December 2022, which provided more clarity and certainty in terms of funding and commitments from both the seller and buyer.

The regulator of the telecom industry confirmed that the revised proposal met the regulatory threshold and granted conditional approval for the transfer of shares, subject to the submission of strategies for employee retention and compliance with all statutory and regulatory requirements.

The NCA will closely monitor the implementation of commitments made by the buyer and seller to ensure they are met in a timely and satisfactory manner.

RelatedPosts

Why Women Must Be Involved In Building Flood Resilience

African Development Bank Group and Michael Bloomberg to Drive Private Investment into Africa

Bitcoin Drops to $109K as Crypto Market Loses $200 Billion

The NCA emphasized that the transfer of shares does not affect the existing licenses and authorizations held by Vodafone Ghana and the buyer is required to comply with all regulatory requirements and standards set by the NCA.

The NCA is committed to promoting a competitive and dynamic telecommunications sector in Ghana and will continue to work with all stakeholders to achieve this goal.

Tags: ghanaNational Communications AuthorityNational Communications Authority (NCA)NCA gives green light for Telecel Group to take over Vodafone Ghana's majority sharesTelecel GroupTelecel Group meets regulatory threshold for acquisition of majority stake in Ghana Telecommunications Company LimitedVodafone GhanaVodafone Ghana: Telecel to re-engage NCA on acquisitionVodafone Ghana's majority shares up for grabs to Telecel Group
No Result
View All Result

Highlights

AI in Africa: 5 Issues That Must be Tackled for Digital Equality

ECG Posts Record Monthly Revenue of GHS 1.74bn for July

IMF Urges Lebanon to Deepen Reforms Amid Fragile Rebound and Banking Sector Challenges

GCB Bank Outlines Post-IATF Path to Powering Africa’s Trade Future

AGI Raises Alarm Over Weak Consumer Demand Despite Signs of Economic Recovery

Lead, Mercury Found in Turmeric, Tom Brown and Others – FDA Report

Trending

Features

Why Women Must Be Involved In Building Flood Resilience

September 26, 2025

Why Women Must be Involved in Building Flood Resilience Women carrying children through chest-deep waters, families watching...

African Development Bank Group and Michael Bloomberg to Drive Private Investment into Africa

September 26, 2025

Bitcoin Drops to $109K as Crypto Market Loses $200 Billion

September 26, 2025

AI in Africa: 5 Issues That Must be Tackled for Digital Equality

September 26, 2025

ECG Posts Record Monthly Revenue of GHS 1.74bn for July

September 26, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.