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Virgin Credit Card:
£59,030m
-9.40p ()
112.50p
Date: Thursday 03 Jul 2008
LONDON (ShareCast) - Mobile telecommunications group Vodafone will acquire a 70% stake in Ghana Telecommunications company for $900m.
Vodafone has bought the company on a debt-free, cash-free basis from the Government of Ghana, which will retain the remaining 30% stake.
Total enterprise value of Ghana Telecom is approximately $1.3bn.
"Ghana is one of the most attractive markets in Africa with mobile subscribers growing at more than 55% p.a. and mobile penetration around 35%," said chief executive Arun Sarin.
"I expect that our investment will generate substantial benefits for Vodafone and for the Ghanaian economy and we are delighted that we will be working in partnership with the Government of Ghana," he added.
| Currency | UK Pounds |
| Share Price | 112.50p ![]() |
| Change Today | -9.40p |
| 52 Week High | 191.60 |
| 52 Week Low | 103.00 |
| Volume | 387,584,301 |
| Shares Issued | 52,471m |
| Market Cap | £59,030m |
| Beta | 0.92 |
| RiskGrade | 338 |
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| Strong Buy | 10 |
| Buy | 6 |
| Neutral | 12 |
| Sell | 1 |
| Strong Sell | 4 |
| Total | 33 |

| Latest | Previous | |
|---|---|---|
| Interim | Final | |
| Ex-Div | 19-Nov-08 | 04-Jun-08 |
| Paid | 06-Feb-09 | 01-Aug-08 |
| Amount | 2.57p | 5.02p |
| Chair | John Bond |
| CFO | Andrew Halford |
| CEO | Vittario Colao |