Celtel to acquire Ghana’s Westel for USD 120 mln (Ghana)Mobile operator Celtel International, part of the Zain group, has signed an agreement to acquire 75 percent of Western Telesystems from the government of Ghana for USD 120 million. The government of Ghana remains a shareholder in Westel with a 25 percent holding through the Ghana National Petroleum company. The transaction is subject to standard approvals and authorisations and is expected to conclude quickly. With the addition of Ghana, Celtel’s presence in Africa will expand to fifteen countries, making the Zain Group’s total footprint 22 countries. Celtel also looks forward to promoting Ghana as a gateway to West Africa through its One Network, which offers free roaming across the region.
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