Ghana government approves Telecom Privatisation

The government of Ghana has approved the privatisation of Ghana Telecom, the ministry of communications announced. An advisor has been appointed to lead the process, which is expected to include a stock listing for the company and capital-raising to help expand its operations. The government owns 100 percent of Ghana Telecom, although the company is under a Norwegian management contract which ends this year. Ghana Telecom hopes to expand its broadband service launched early this year, with currently has 4,000 subscribers and is expected to reach 10,000 by year-end. The mobile unit One-Touch aims to reach 1 million customers by the end of the year, versus around 700,000 currently.

Source: http://www.telecom.paper.nl

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