Advertisement
Desktop970x250
3News
Advertisement
Desktop970x250

We’ve not blocked sale of Vodafone to Telecel – NCA

By Emmanuel Kwame Amoh
SHARE
1 min read
We’ve not blocked sale of Vodafone to Telecel – NCA

The National Communications Authority (NCA) has debunked reports that it has blocked the sale of Vodafone Ghana to Telecel Group.

It said it only evaluated the process and concluded that it did not meet “the regulatory threshold for approval to be granted”.

There were reports that NCA has blocked the transfer of 70 percent majority shares of Vodafone International Holdings B.V. to the Telecel Group.

But the Authority in a statement dated Tuesday, August 2 said it only conducted a critical regulatory review and evaluation in January when it was notified about the deal.

“In accordance with due process, the Authority evaluated the application on various criteria and engaged Vodafone and Telecel Group,” the statement said.

“After a critical regulatory review and evaluation, the NCA concluded that the request did not meet the regulatory threshold for approval to be granted.”

It asked all to disregard the recent reports.

“Please note that the NCA only endeavoured to ensure compliance with regulatory framework and international best practice.”

By Emmanuel Kwame Amoh|editors.3news.com|Ghana

Sign up to The Daily Briefing

Stay informed with the most relevant stories shaping Ghana and the world, every morning and evening.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy.

Share This Article

Emmanuel Kwame Amoh is an Online Editor with the current affairs team at Media General, operators of TV3 Ghana, editors.3news.com and more. Email: emmanuel.amoh@editors.3news.com

Advertisement
Desktop300x250

Up Next

Advertisement
Desktop970x250