Thursday, June 8, 2023
  • Home
  • TechBooky
  • Business
  • TV
  • Startup
TechBooky Africa
  • Home
  • TechBooky
  • Business
  • TV
  • Startup
  • Fintech/Finance
  • Login
No Result
View All Result
TechBooky Africa
Home Telecom

Ghana’s regulatory system Declines Vodafone’s Acquisition by Telecel Group

Vodafone's sale to Telecel is declined by the NCA & MoCD.

Eni by Eni
August 4, 2022
in Telecom
0

The Ghanaian National Communications Authority (NCA) has reportedly declined the proposed Telecel Group acquisition deal to buy out Vodafone Group Ghana by acquiring its major stake. Ghana’s NCA declined the deal in a press release having warned Telecel and Vodafone about its regulatory decision, despite Vodafone Group’s intent to convey 70% of its shares to Telecel Group for further management as its parent company.

Related posts

MTNN

MTNN Terminate The Legendary *556# Shortcode And Adopts The NCC’s HSC Policy.

May 18, 2023
Microsoft & Tizeti

Microsoft Will Support Tizeti In Penetrating The Cote d’Ivoire Market. Is Togo Next?

May 18, 2023

Recall that Vodafone Group applied to sell its shares in the early days of 2022 attracted the Telecel Group to tender a purchase bill while the NCA stealthily administered the deal until now. The Ghanaian NCA consorted an external regulator to finalize its decision. The NCA press release disclosed that both Telecel and Vodafone did not meet its terms to approve Vodafone Group as Telecel’s subsidiary.

“In January 2022, the NCA received an application for the transfer of 70% majority shares in Ghana Telecommunications Company Limited (Vodafone Ghana) from Vodafone International Holdings B.V. to the Telecel Group.” The NCA revealed the process for administering the deal has “the Authority evaluated the application on various criteria and engaged both Vodafone and Telecel Group. After a critical regulatory review and evaluation, the NCA concluded that the request did not meet the regulatory threshold for approval to be granted.”

Ghana’s NCA consorted the Ministry of Communications and Digitalization (MoCD) to assist in regulating the telecom acquisition deal – the MoCD has the authority to authorize the final declination of Telecel to acquire Vodafone in Ghana. Still, Ghana’s NCA takes all credit for the appropriate regulatory policy applicable to preserve the local digital marketplace.

Although Vodafone Ghana is a denominative fraction of the Group’s assets being keen on selling its business operation to its close counterpart. Vodafone Group hails from South Africa while Telecel Group originates from the francophone axis – both parties are keen on innovating the African digital sector communing to merge their technology resources as an interconnected mobile network in Ghana.

The Vodafone Group recently agreed to sell off its Ghanaian op to Telecel bearing the mutual consent to lead the telecom services at the point Vodafone stopped. Vodafone intends to flee the Ghanaian digital market to focus on other commercial geographical areas where Vodafone’s network is present while Telecel Group also finds it strategic to acquire Vodafone’s assets. Still, the Ghanaian regulatory agencies systematically hinder the Vodafone group purchase.

Total
14
Shares
Share 14
Tweet 0
Pin it 0
Share 0
Tags: acquisitionghanaghana regulatorregulator policytelecom
Previous Post

Meta Enlist Africa and other Continents to Access NFT Collectibles on Instagram.

Next Post

E.tv and SABC Appeals to the South African Regulator to Probe Sentech’s DTT Service.

Next Post
E.tv and SABC Appeals to the South African Regulator to Probe Sentech’s DTT Service.

E.tv and SABC Appeals to the South African Regulator to Probe Sentech’s DTT Service.

RECOMMENDED NEWS

Amazon & Stripe

Stripe & Amazon Iterated Partnership Deal Will Integrate FinTech & Cloud Services For Global Penetration.

4 months ago
CitiMonitor: All You Need To Know About The New Lagos State Environmental Monitoring App

CitiMonitor: All You Need To Know About The New Lagos State Environmental Monitoring App

2 years ago
The NCC Says Xenomorph Malware Can Steal Your Banking Info, Here’s What To Know.

The NCC Says Xenomorph Malware Can Steal Your Banking Info, Here’s What To Know.

1 year ago
Kenya’s Central Bank Sanctions Flutterwave and Chipper Cash for Operating Without License.

Kenya’s Central Bank Sanctions Flutterwave and Chipper Cash for Operating Without License.

10 months ago

FOLLOW US

  • 70.9k Followers

BROWSE BY CATEGORIES

  • App
  • Banking
  • Business
  • Cryptocurrency
  • Cybersecurity
  • East Africa
  • Economy
  • Enterprise
  • Event
  • Fintech/Finance
  • Funding
  • Gadget
  • Government
  • Insight
  • Internet
  • Investment
  • Nigerian/African Tech
  • North Africa
  • Personnel
  • Research/How to do it
  • Service
  • Social Media
  • Southern Africa
  • Startup
  • Telecom
  • Transport
  • Uncategorized
  • West Africa

BROWSE BY TOPICS

5g acquisition africa AI app banking CBDC cbn central bank of nigeria ChatGPT cloud cryptocurrency Crypto market cybersecurity e-commerce east africa economy fintech funding Fundraising google government internet investment kenya License microsoft mtn ncc nigeria Partnership remittance ride hailing rwanda seed social media software south africa startup Start up technology telecom twitter west africa whatsapp

Featured Categories

App
31 Posts
View Posts
Banking
18 Posts
View Posts
Business
15 Posts
View Posts
Cryptocurrency
35 Posts
View Posts
Cybersecurity
19 Posts
View Posts
East Africa
33 Posts
View Posts
Economy
18 Posts
View Posts
Enterprise
36 Posts
View Posts
Event
11 Posts
View Posts
Fintech/Finance
107 Posts
View Posts
Funding
32 Posts
View Posts
Gadget
14 Posts
View Posts
Government
70 Posts
View Posts
Insight
7 Posts
View Posts
Internet
23 Posts
View Posts
Investment
21 Posts
View Posts
Nigerian/African Tech
39 Posts
View Posts
North Africa
3 Posts
View Posts
Personnel
2 Posts
View Posts
Research/How to do it
4 Posts
View Posts
Service
24 Posts
View Posts
Social Media
32 Posts
View Posts
Southern Africa
20 Posts
View Posts
Startup
93 Posts
View Posts
Telecom
46 Posts
View Posts
Transport
17 Posts
View Posts
Uncategorized
2 Posts
View Posts
West Africa
50 Posts
View Posts
No Result
View All Result
Loading
  • Rwanda e-government
    Irembo Rwanda Debut To Lead e-Government Penetration & Digital Transformation.
    • June 7, 2023
  • Branch & Century MFB
    Branch Acquired Century MFB And Transitioned To A Neo-bank In Kenya.
    • June 7, 2023
  • Tingo Mobile & DataPro
    DataPro Analytics Results Rates Tingo Mobile Top-Notch Impact In Africa Despite Fraud Allegations.
    • June 7, 2023
  • Lenovo Yoga Book 9i Made Production— Dual-Screen/Hybrid Laptop.
    • June 6, 2023
  • Chipper Cash
    Chipper Cash Third Round Of Retrenchment Affected Executive Staffs.
    • June 6, 2023
TechBooky Africa

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc.

Follow us on social media:

Recent News

  • Irembo Rwanda Debut To Lead e-Government Penetration & Digital Transformation.
  • Branch Acquired Century MFB And Transitioned To A Neo-bank In Kenya.
  • DataPro Analytics Results Rates Tingo Mobile Top-Notch Impact In Africa Despite Fraud Allegations.

Category

  • App
  • Banking
  • Business
  • Cryptocurrency
  • Cybersecurity
  • East Africa
  • Economy
  • Enterprise
  • Event
  • Fintech/Finance
  • Funding
  • Gadget
  • Government
  • Insight
  • Internet
  • Investment
  • Nigerian/African Tech
  • North Africa
  • Personnel
  • Research/How to do it
  • Service
  • Social Media
  • Southern Africa
  • Startup
  • Telecom
  • Transport
  • Uncategorized
  • West Africa
  • Home
  • TechBooky
  • Business
  • Video
  • Contact Us

© 2022 Techbooky Africa .

No Result
View All Result
  • Home
  • TechBooky
  • Business
  • TV
  • Startup

© 2022 Techbooky Africa .

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

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

Log In