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Vodafone Group 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.
The company could sell its majority stake in the unit to Johannesburg-listed Vodacom Group [JSE:VOD], in which Vodafone is the biggest shareholder, said the people, who asked to remain anonymous as the plans are still private. The West African country’s government will have to approve of any deal, they said.
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.
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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.
The company could sell its majority stake in the unit to Vodacom, in which Vodafone is the biggest shareholder, said the people, who asked to remain anonymous as the plans are still private. The West African country’s government will have to approve of any deal, they said.
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.