It has been reported by local media that Ghana Telecom - now 70% owned by Vodafone - has signed a US$120 million network upgrade contract with Huawei. The contract will involve the upgrading of the existing GSM network and the preparation for a future 3G network launch.
“The contract is to enable us expand on our mobile network across the country so that it can provide world-class services to our customers,” Ghana Telecom's CEO, David Venn stated. He also confirmed that Ghana Telecom would soon be re-branded to Vodafone Ghana.
"The technology we have chosen is the most modern and most cost efficient, so that Ghana would not just have a new network but the most modern network in Africa," he added.
Last August, Vodafone completed the acquisition of a 70% stake in Ghana Telecom for $900 million on a debt-free, cash-free basis. The Ghanaian parliament approved the sale, despite criticism from the opposition party who believed that the shares were undervalued and had claimed that the deal wasn't in the national interest.
Ghana currently has four live mobile networks and Nigeria based Globalcom recently secured an operating license in the country. According to figures from the Mobile World database, the market shares of the current operators are: MTN (53%), Tigo (28.6%), Ghana Telecom (15.5%) and Kasapa Telecom (3.3%)
No comments:
Post a Comment