Vodafone considers options for Ghana business including sale to Vodacom

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The company could sell its majority stake in the unit to Vodacom, in which Vodafone is the biggest shareholder

Vodafone is considering options for its Ghana business as the British telecommunications giant focuses on reorganising and paying down debt, according to people familiar with the matter.

Spokespeople for Vodafone and Vodacom declined to comment. Ghana’s minister of communications Ursula Owusu-Ekuful did not respond to phone calls nor a text message seeking comment. Under CEO Nick Read, Vodafone has been focusing more on Europe and Africa to generate more income from core assets. The company recently sold units in New Zealand and Malta, and is targeting an initial public offering of its mobile-mast business in early 2021.

 

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