February 21, 2023, Accra - Vodafone Group Plc has completed the transfer of its 70% majority shares
in Vodafone Ghana (Ghana Telecommunications Company Limited - GTCL), to the Telecel Group after
successfully obtaining all the necessary regulatory approvals, including the agreement of the
Government of Ghana, as a minority shareholder.
This is the most recent major change for the Ghanaian telecommunications company since 2008 when Vodafone Group Plc purchased a controlling interest in GTCL and established Vodafone Ghana.
Telecel is an Africa-focused telecommunication company, with a brand founded in 1986, operating
primarily in Africa and converging telecommunication with fintech, e-commerce, and tech startups. The completion of the agreement to acquire Vodafone Ghana by Telecel Group presents an opportunity for further innovation and continued delivery of unparalleled services to Ghanaians.
Operations of Vodafone Ghana and its three subsidiaries; National Communication Backbone
Company Limited (Vodafone Wholesale), Vodafone Ghana Mobile Financial Services Limited
(Vodafone Cash), and the Vodafone Ghana Foundation, will continue operations uninterrupted while
embracing exciting new possibilities.
‘This acquisition is a testament to our enthusiasm and positive outlook for the Ghanaian market, which
we view as a vital market with unlimited potential for digitalization and innovation in Africa. Telecel
Group is eager to develop and bring forward-thinking offerings to our subscribers, enterprises, and
communities in Ghana. We look forward to a transformation journey of Vodafone Ghana with the
contribution and growth of its human capital.’stated Malek Atrissi, Telecel Group’s COO.
Vodafone Ghana assures its customers and stakeholders of their unwavering commitment to
continuity across all services and products.
Vodafone Ghana’s CEO, Patricia Obo-Nai said: ‘We are fully committed to delivering excellence across all facets of the business and providing our customers with innovative products and services. We embrace this change as an opportunity for us to explore new and exciting areas of growth.
About Vodafone Ghana
Vodafone Ghana is a leading provider of telecommunications services to consumers, corporates, and
multinationals in Ghana. Vodafone is the only total communications solutions provider – mobile, fixed
lines, internet, voice, and data – and is currently the telecom company of choice for Ghanaians. It is
the second-ranked operator in terms of market share in the sector.
About Telecel Group
Telecel Group is an Africa-focused Telecom company with a diverse approach in the telecom space
driven by digitalization and innovation. It has successfully established itself as a key service provider
for both mobile users and enterprises, focusing on selected areas of development to ensure
significant future growth on the African continent. Telecel is also an anchor for supporting startups
with its African Startup Initiative Program, “ASIP”.
Source: Vodafone Ghana
