Tuesday, 13 October 2009

Ghana's Vodafone deal 'illegal'

The sale of Ghana's state-owned telecoms firm to UK's Vodafone was "unconstitutional and illegal", a leaked Ghanaian government report says.

The UK-based mobile company bought a 70% stake in Ghana Telecom (GT) and its assets for $900m (£570m) last year.

The report, seen by the BBC, said GT was undervalued and ultimately the price paid for GT was less than $267m.

President John Atta Mills had promised to investigate the controversial deal before his election last December.

The BBC's David Amanor in the capital, Accra, says Mr Atta Mills' National Democratic Congress party (NDC) had objected to the $900m price tag while they were in opposition last year.

Critics said it was too little for the assets, which included terrestrial, mobile and fibre-optic cable networks and an academy known as Ghana Telecom University.


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