Hutch sells Kasapa (Ghana)Hutchison Telecom International (HTIL) has sold Kasapa Telecom to EGH International for a cash price of HKD584 million (USD75 million), reports Ghana daily The Statesman. A buyout agreement was originally signed in January between the two parties. The deal is now waiting to final regulatory approval.Kasapa is Ghana’s smallest cellco, claiming a 3.8% share of the subscriber market at the end of 2007. The sale comes as part of a wider move by HTIL to divest certain CDMA-based businesses and concentrate fully on its subsidiaries operating GSM networks.
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