18th Aug 2008 07:00
17 August 2008
COMPLETION OF THE ACQUISITION OF A 70% STAKE
IN GHANA TELECOM
Further to the announcement of 3 July 2008 and approval from the Ghanaian Parliament on 14 August 2008, Vodafone announces today that it has completed the acquisition of a 70% stake in Ghana Telecommunications Company Limited ("Ghana Telecom") for a total consideration of US$900 million (£483 million) on a debt-free, cash-free basis.
For further information:
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Vodafone Group |
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Investor Relations |
Media Relations |
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Telephone: +44 (0) 1635 664447 |
Telephone: +44 (0) 1635 664444 |
Notes to Editors
About Vodafone
Vodafone is the world's leading international mobile communications group with approximately 269 million proportionate customers as of 30 June 2008. Vodafone currently has equity interests in 27 countries across five continents and over 40 partner networks worldwide. For more information, please visit www.vodafone.com
About Ghana Telecom
Ghana Telecom is the number 3 mobile operator and the leading fixed line and broadband operator in Ghana. As at 31 March 2008, it had 1.4 million mobile customers, equivalent to a mobile market share of approximately 17%, and operated 379,000 fixed and 15,000 broadband lines. For further information, please visit www.ghanatelecom.com.gh.
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