Latest Comments

  • PREMCHANDRA J LOKHAN... More
    i support ericsson as rcom can dupe anyone , they had... Sunday, 14 October 2018
  • Bud Biswas More
    Our company, Polaris Networks, has helped other smaller... Friday, 12 October 2018
  • Developing Telecoms More
    That is correct - it is the coastline of Equatorial Guinea,... Friday, 12 October 2018
  • Xavier Muñoz More
    This photo is not from São Tomé e Príncipe Thursday, 04 October 2018
  • adewalebeke@yahoo.co... More
    Hello,
    My name is Adewale. I am a Healthcare Manager in... Friday, 21 September 2018

MTN looking to shift stake in Ghanaian holding due to 4G regulation

MTN is looking to divest a 35% stake in its Ghanaian unit in order to comply with regulatory criteria regarding its 4G spectrum holding.

The Ghanaian director general of the Securities and Exchange Commission Adu Antwi confirmed that the operator had submitted a prospectus relating to the sale of shares in MTN Ghana. The company is looking to raise around $500 million in the sale.

MTN Ghana leads the Ghanaian market with 18 million connections. The operator last year acquired a 15-year 4G spectrum licence for $67.5 million, but agreed to the stipulation that Ghanaian investors would own 35% of the business.

As it must now bring MTN Ghana’s ownership in line with these criteria, the South African firm is believed to be looking to wealthy individuals in Ghana to address the issue.

Comments powered by CComment