Celtel International has formally completed the payment of USD115 million to the government of Ghana to complete the part-privatisation of the country’s second operator Western Telesystems Limited (WESTEL). In a press statement today, the Ministry of Information and National Orientation said the receipt of Celtel’s payment represented the transaction payment of its 66.67% shareholding in WESTEL and thus concluded the Sales and Purchase Agreement (SPA). This leaves a balance of USD5 million which will be paid subject to the completion of due diligence, it said.
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