SingTel keen to bid for Ghana Telecom stake, says Reuters

15 Nov 2007

Southeast Asia’s largest telecommunications firm by revenues and subscribers Singapore Telecommunications (SingTel), is planning to bid for a majority stake in Ghana’s state-owned PTO Ghana Telecom, in a deal likely to be worth more than USD500 million, banking sources have told Reuters. An acquisition in Africa would take SingTel outside its traditional Asia-Pacific operating zone where to date it has invested USD12.30 billion in recent years to purchase assets in Asia and Australia.

Ghana Telecom has confirmed that strategic investors are conducting due diligence on the company. The stake up for grabs is thought to be at least 51%, although some sources say it could be as much as 61%. Other companies interested in acquiring the stake include France Telecom and Portugal Telecom.

Ghana , Singtel Group, Vodafone Ghana



Have feedback, corrections, or story ideas? Send them to

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
  • Regulators

Learn more about advertising on CommsUpdate.