Vodafone Ghana to Rebrand as Telecel Ghana Following Takeover
In a recent social media post, Vodafone Ghana hinted at its plan to rebrand the business as Telecel Ghana. This news was announced around a year after Telecel's acquisition of Vodafone Ghana was authorized by the National Communication Authority.
In 2023, Telecel emerged as the dominant shareholder, with the Government of Ghana (GoG) owning a minority stake of 30% through the State Interests and Governance Authority (SIGA), according to an announcement made by Joe Anokye, the Director-General (DG) of NCA.
READ ALSO: MTN Ghana Reports Significant Growth In Revenue
Notably, Telecel Ghana has been using the Vodafone brand for operations for at least a year. If the anticipated rebranding comes to be, it will happen in the context of MTN Ghana's designation as a Significant Market Power (SMP), which places it at the top of the industry market.
This move is part of measures aimed at fostering a more equitable and competitive landscape for industry players.
Over the past two years, the declaration of MTN Ghana as an SMP has resulted in asymmetric savings of GH¢86.6 million for the smaller Mobile Network Operators (MNOs). This designation was designed to level the playing field, curtail the company's ability to manipulate tariffs and profit margins, and potentially lower barriers for new entrants or smaller market participants.
READ ALSO: Court Affirms GH¢19 Million Tax Obligation Imposed On MTN Ghana By GRA
Currently holding approximately 18% of the mobile telephony market share, Vodafone Ghana's rebranding as Telecel is anticipated to contribute to the expansion of market share for the business.
Comments
Post a Comment