Vodafone buys 70% of Ghana Telecom

Vodafone has confirmed recent speculation that it's investing in Ghana Telecom. It's acquiring a 70% stake in Ghana Telecommunications Company Limited for a total of £452 million. The Government of Ghana will retain a 30% stake in the company. Customer growth in Ghana is currently over 55% per year, with only 35% of the population owning mobiles. [Source: Press release]