REG - Vodafone Group Plc - VODAFONE ANNOUNCES SALE OF VODAFONE GHANA

VodafoneAnnouncement

21/02/2023 07:30

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RNS Number : 5541Q  Vodafone Group Plc  21 February 2023

 

21 February 2023

VODAFONE ANNOUNCES SALE OF VODAFONE GHANA

 

Vodafone Group Plc (Vodafone) has completed the sale of its 70% shareholding
in Vodafone Ghana (GTCL) ((1)) to Telecel Group.

 

Margherita Della Valle, Chief Executive of Vodafone, said:

 

"The sale of Vodafone Ghana to Telecel Group is a further step in simplifying
Vodafone's African portfolio. Since entering the market in 2008, Vodafone has
helped to develop Ghana's critical network infrastructure supporting
customers, businesses and communities."

 

The transaction has received regulatory approval and agreement from the
Government of Ghana which will retain its 30% minority shareholding in GTCL.

- ends -

 

1.     GTCL is Ghana Telecommunications Company Limited. The selling
entity is Vodafone International Holdings B.V, a 100% owned indirect
subsidiary of Vodafone Group Plc.

 

For more information, please contact:

 

 Investor Relations                            Media Relations
 Investors.vodafone.com                        Vodafone.com/news/contact-us
 ir@vodafone.co.uk (mailto:ir@vodafone.co.uk)  GroupMedia@vodafone.com (mailto:GroupMedia@vodafone.com)

Registered Office: Vodafone House, The Connection, Newbury, Berkshire RG14
2FN, England. Registered in England No. 1833679

 

 

About Vodafone

 

Unique in its scale as the largest pan-European and African technology
communications company, Vodafone transforms the way we live and work through
its innovation, technology, connectivity, platforms, products and services.

 

Vodafone operates mobile and fixed networks in 20 countries, and partners with
mobile networks in 47 more. As of 31 December 2022, we had over 330 million
mobile customers, more than 28 million fixed broadband customers, and
21 million TV customers. Vodafone is a world leader in the Internet of Things
(IoT), connecting over 155 million devices and platforms.

 

We have revolutionised fintech in Africa through M-Pesa, which celebrated its
15(th) anniversary in 2022. It is the region's largest fintech platform,
providing access to financial services for more than 58 million people in a
secure, affordable and convenient way.

 

Our purpose is to connect for a better future by using technology to improve
lives, digitalise critical sectors and enable inclusive and sustainable
digital societies.

 

We are committed to reducing our environmental impact to reach net zero
emissions across our full value chain by 2040, while helping our customers
reduce their own carbon emissions by 350 million tonnes by 2030.  We are
driving action to reduce device waste and achieve our target to reuse, resell
or recycle 100% of our network waste.

 

We believe in the power of connectivity and digital services to improve
society and economies, partnering with governments to digitalise healthcare,
education and agriculture and create cleaner, safer cities. Our products and
services support the digitalisation of businesses, particularly small and
medium enterprises (SMEs).

 

Our inclusion for all strategy seeks to ensure no-one is left behind through
access to connectivity, digital skills and creating relevant products and
services such as access to education, healthcare and finance. We are also
committed to developing a diverse and inclusive workforce that reflects the
customers and societies we serve.

 

For more information, please visit www.vodafone.com
(https://eur03.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.vodafone.com%2F&data=05%7C01%7Csteve.sheppersonsmith%40vodafone.com%7C9dd825ad70f34ba7f3ec08db03bad1ec%7C68283f3b84874c86adb3a5228f18b893%7C0%7C0%7C638107873191758547%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=03%2FwYnVN7ZhQhecCSrA0URVKndZ%2FPTt41NE2EJ3fxJw%3D&reserved=0)
, follow us on Twitter at @VodafoneGroup or connect with us on LinkedIn at
www.linkedin.com/company/vodafone
(https://eur03.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fvodafone&data=05%7C01%7Csteve.sheppersonsmith%40vodafone.com%7C9dd825ad70f34ba7f3ec08db03bad1ec%7C68283f3b84874c86adb3a5228f18b893%7C0%7C0%7C638107873191758547%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=hAcEe3aaJ7LZypmHty9rMADvtD0Aib%2FpQRRBJXvzQQg%3D&reserved=0)
.

 

 

Advisors to Vodafone

Akira Partners LLP acted as exclusive financial adviser to Vodafone.

 

 

 

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