Ghana has granted Vodafone International Holdings approval to sell its 70% stake in Vodafone Ghana to Telecel Group.
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The Vodacom Group parent has agreed to sell its Hungarian unit in a deal valued at €1.8-billion as part of its plan to simplify its sprawling business.
Vodafone Group explored a sale of its Ghanaian business to subsidiary Vodacom Group in early 2021 but that deal did not materialise.
Vodafone Group will hand over management of its Ghana unit to the UK carrier’s separately listed South African division in April, the latest step to bring the company’s operations on the continent under one roof.