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Company News of Monday, February 4, 2019
Source: thebftonline.com
2019-02-04
Gayheart Mensah, Director of External Affairs, Vodafone Ghana
Vodafone Ghana has issued a press release to refute the reports of the Ghana Stock Exchange that Vodafone Ghana should be required to enter the stock exchange following its recent acquisition of the 4G LTE license.
According to the statement, the terms of the 4G LTE license do not require licensees to initiate an initial public offering on the GSE and nowhere in the application materials or license condition n & # 39; 39, is even mentioned. The notion of forcing Vodafone to register on the GSE is therefore misplaced.
The statement also revealed that the bidding process for the 4G LTE license requires successful companies to guarantee a 25% stake in Ghana in their operations, which is not the same. thing that registration at the GSE.
"Vodafone has already met this requirement since the government of Ghana owns 30 percent of the company. An IPO on the exchange is therefore clearly not required. That said, Vodafone said it had no desire to be on the list, nor to tailor its local stake in the fortunes of the company, as suggested by the publications, "reads the statement.
Gayheart Mensah, Director of External Relations, said, "Our goal now is to ensure that our infrastructure is ready for 4G deployment and deployment on a large scale as soon as possible. We remain committed to providing our customers with the true 4G experience. "
"Our continued successful partnership with the government and the company's investments in spectrum, infrastructure, products and services, and our people demonstrate Vodafone's commitment to Ghana. We are proud to be Ghanaian and to be at the center of the telecommunication revolution in the country, "he said.
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