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Mobile and Telecoms

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Vodafone Acquires 70% stake in Ghana Telecom

Vodafone announced today that it has agreed to acquire a 70% stake in Ghana Telecommunications Company Limited (“Ghana Telecom”), a leading telecommunications operator in Ghana, from the Government of Ghana for a total consideration of US$900 million (£452 million), on…

Telecom Investors wary of Zimbabwean economy

Despite an opening in Zimbabwe’s telecom sector for foreign investment, the country’s struggling economy is making it impossible to attract new investors, according to one telecom official. Zimbabwe is facing a serious foreign currency shortage that has blocked investment in…