Vodafone said in talks to buy stake in Ghana Telecom
LONDON (MarketWatch) -- Vodafone Group PLC (VOD: 31.87, +0.28, +0.9%) is in talks with the Ghanaian government about acquiring a majority stake in the country's leading telecoms group as the U.K. group seeks to boost is presence in Africa, reports the Daily Telegraph Tuesday without citing sources.
The news comes after Vodafone considered a bid for South Africa's MTN this weekend, but rejected the idea of a GBP19 billion-plus takeover offer, the report says.
Vodafone Chief Executive Arun Sarin now plans to focus Vodafone's investments on a country-by-country basis and Ghana could be next, the report says without citing sources.
Newspaper Web site: http://www.telegraph.co.uk