Completion of Ghana Telecom

RNS Number : 4899B

Vodafone Group Plc

17 August 2008

 



17 August 2008

COMPLETION OF THE ACQUISITION OF A 70% STAKE 

IN GHANA TELECOM 

Further to the announcement of 3 July 2008 and approval from the Ghanaian Parliament on 14 August 2008, Vodafone announces today that it has completed the acquisition of a 70% stake in Ghana Telecommunications Company Limited ('Ghana Telecom') for a total consideration of US$900 million (£483 million) on a debt-free, cash-free basis.

For further information:

Vodafone Group
Investor Relations	Media Relations
Telephone: [phone]	Telephone: [phone]

Notes to Editors

About Vodafone

Vodafone is the world's leading international mobile communications group with approximately 269 million proportionate customers as of 30 June 2008. Vodafone currently has equity interests in 27 countries across five continents and over 40 partner networks worldwide. For more information, please visit www.vodafone.com

About Ghana Telecom

Ghana Telecom is the number 3 mobile operator and the leading fixed line and broadband operator in Ghana. As at 31 March 2008, it had 1.4 million mobile customers, equivalent to a mobile market share of approximately 17%, and operated 379,000 fixed and 15,000 broadband lines. For further information, please visit www.ghanatelecom.com.gh.

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