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Vodafone: a $900 million cash call for Ghana Telecom Fame it!
Posted on Jul 04 2008 6:47 AM by adeal

In a way, Africa is a new frontier for mobile services. The continent is seeing growth from the commodities boom. Plus, there is certainly a need to build up the infrastructure. No doubt, Vodafone Group plc (NYSE: VOD) sees the opportunity. In fact, this week the company plunked down $900 million for a 70% stake in Ghana Telecom (the remaining 30% will be held by the government).



Full story: bloggingstocks.com
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