Sudanese-based Sudatel Telecom Group (STG), the parent company of Ghanaian cellco Expresso (Kasapa Telecom), has reportedly initiated the sale of its stake in the company, local news agency Ghana Web reports. Sources familiar with the matter have revealed that a number of companies have expressed an interest in buying the mobile operator, with an unspecified local firm currently the frontrunner in the talks. It is unclear when negotiations will be completed; STG, however, has reportedly notified all parties concerned over its move to sell its stake.
As previously reported by TeleGeography’s CommsUpdate, in March 2013 it was revealed that STG – which currently owns telecoms assets in Mauritania (Chinguitel), South Sudan (Sudatel South Sudan, Sudani), Ghana (Expresso), Guinea (Intercel Guinea, Expresso) and Senegal (Sudatel Senegal, Expresso) – was considering a widespread sale of its African businesses. A source familiar with the company’s business said at the time: ‘Sudatel is starting to think seriously about its assets, and is assessing whether it can continue to operate alongside the big players in Africa. It’s unclear if an exit would be on a case-by-case basis, or if [it] will look to sell all [of them] in one hit. Either way, it’s likely you’ll see some action later in 2013’.