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Vodafone pays $900m for stake in Ghana firm
Vodafone has bought a 70 per cent stake in Ghana Telecom for $900m (£454m), in line with the company's strategy to look to emerging economies for expansion opportunities.
The Independent  –  Jul 3, 2008 11:20 PM [GMT]  ¦  comment?
found in Business
Vodafone buys majority stake in Ghana phone group for £450m
Mobile use rising by 50% a year in African nation and only a third of people have a phone
The Guardian  –  Jul 3, 2008 11:06 PM [GMT]  ¦  comment?
found in World
Vodafone Buys Stake in Ghana Telecom
Vodafone is acquiring a 70 percent stake in Ghana Telecom for $900 million from the local government, it announced on Thursday.
New York Times  –  Jul 3, 2008 3:23 PM [GMT]  ¦  comment?
found in Technology
Photo from Yahoo! Vodafone says to buy majority share in Ghana Telecom
AFP - British mobile phone giant Vodafone said on Thursday it had agreed to buy a 70-percent stake in Ghana Telecommunications for 452 million pounds (566 million euros, 900 million dollars).
Yahoo!  –  Jul 3, 2008 2:08 PM [GMT]  ¦  comment?
found in World: Europe
Vodafone in Ghanaian mobile deal
Mobile provider Vodafone is to expand its presence in Africa by buying a majority stake in Ghana Telecom for £452m.
BBC News  –  Jul 3, 2008 1:41 PM [GMT]  ¦  comment?
found in World: Africa
Vodafone Buys Ghana Telecom Stake
Vodafone agreed to acquire a 70% stake in Ghana Telecommunications from the government of Ghana for $900 million.
Wall Street Journal  –  Jul 3, 2008 11:49 AM [GMT]  ¦  comment?
found in Technology
Vodafone reaches $900 million deal to expand into Ghana
LONDON (MarketWatch) - Vodafone Group said on Thursday it will pay $900 million to take control of Ghana Telecom, a deal that will allow the Newbury, England-based mobile operator to continue its push into emerging markets.
MarketWatch.com  –  Jul 3, 2008 10:59 AM [GMT]  ¦  comment?
found in Business
Vodafone seals $900m Ghana deal
The UK mobile group is buying a 70% stake in Ghana Telecom for $900m, in the latest sign of its appetite for Africa's fast-growing telecommunications markets
Financial Times  –  Jul 3, 2008 10:36 AM [GMT]  ¦  comment?
found in Business: Companies
Vodafone Group buys 70% of Ghana Telecom for $900 mln
LONDON (MarketWatch) -- Vodafone Group said Thursday that it will acquire a 70% stake in Ghana Telecom from the Government of Ghana for 452 million pounds ($900 million). The deal implies a total enterprise value for Ghana Telecom of approximately $1.3 billion. The Government of Ghana will retain a 30% stake in the company. Vodafone Group said that it expects the transaction to be broadly neutral to adjusted earnings per share in the first year. Shares dropped 1.2% in London.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
MarketWatch.com  –  Jul 3, 2008 10:34 AM [GMT]  ¦  comment?
found in Business: Markets
Vodafone close to Ghana deal
Vodafone is understood to be close to buying a majority stake in Ghana's leading telecoms company for just under $1bn (£480m) as the world's largest mobile phone company continues to hunt for growth in emerging markets. Vodafone has been in talks with the Ghanaian government about the privatisation of Ghana Telecom for several months and it was recently reported that the company is the only outside investor left in the process. An announcement that it is buying a 66.7% stake for $960m is expected by the middle of next week. Vodafone last night refused to comment. Last week communications minister Benjamin Aggrey Ntim told the Ghanaian parliament that the government's stake will be floated on the local stockmarket. Last year France Télécom was rumoured to have secured a 51% stake in Ghana Telecom. The government, however, pulled out of that deal at the last minute because it believed the price being offered - rumoured to have been about $500m - was too low.
The Guardian  –  Jun 27, 2008 11:06 PM [GMT]  ¦  comment?
found in Technology