The US Securities and Exchange Commission (SEC) has sanctioned Ghana Telecom (GT), led by Databank, to proceed with its USD40 million bond issue, having originally expressed displeasure at the way the money was raised. GT issued the bonds to generate much needed investment for its network upgrade programme, but the SEC voiced concerns following accusations that the transaction was shrouded in secrecy. After a thorough review, it is now satisfied with the documentation’s transparency and has sanctioned the transaction. However, it advised any institution and individuals to inform the SEC of any private placement in the market.
Have feedback, corrections, or story ideas? Send them to firstname.lastname@example.org.
Browse Past Issues
Filter CommsUpdate by the following categories or use the search.
Visit our help page information on performing advanced searches, including how to restrict the results by country or company.
CommsUpdate is an outstanding advertising venue for companies seeking to reach:
- International carriers
- Wholesale service providers
- Equipment and software vendors
- Telecom investors