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Vodafone is selling its Ghana operations to Telecel, an Africa-focused telcos group.

The idea behind the sale, according to sources, is to allow the British telco giant to focus on its key markets. Telecel, on their part, reportedly aims to fund the purchase by selling off Vodafone Ghana’s mobile towers.

In a major turn of events, however, Ghana’s telcos regulatory body, the National Communications Authority (NCA), has decided against approving the acquisition. The Authority has failed to grant the regulatory approval needed to legalize the sale.

Source: Techafricanews