Vodafone completes purchase of Ghana Telecom stake
London: Mobile phone giant Vodafone annonuced today, it had completed the purchase of a 70% stake in state-run Ghana Telecommunications.
"Further to the ... approval from the Ghanaian Parliament, Vodafone announces today that it has completed the acquisition of a 70% stake in Ghana Telecom for $900m," or €610m, a statement said.
Last week, the Ghanaian parliament ratified the controversial sale, which the country's opposition had argued was a sellout.
