[kictanet] Fwd: Ghana: Govt to get $500m for Ghana Telecom?

[Mike Theuri]

It will be interesting to see how these two comparable privatisation
initiatives
conclude:

    The long drawn-out saga of Telkom Kenya's privatisation appears to be
drawing to
    a conclusion with the news that a consortium led by British Telecom,
backed by
    Libyan financiers, is now the favourite to secure a 40% operating stake
in the
    company, valued at US$84m.

http://globaltechforum.eiu.com/index.asp?layout=rich_story&doc_id=11094&title=Kenya%3A+Second+time+lucky%3F&channelid=4&categoryid=31


---------- Forwarded message ----------


  Govt to get $500m for GT?
GT PhoneBooth

Singapore Telecom is reportedly in discussions to purchase a stake of
between 51% and 66% in Ghana Telecom and is being advised by Merrill
Lynch on the buy-in.

The sale could reportedly fetch Ghana Telecom more than US$500 million.

According to Ghana Telecom, strategic investors are undertaking due
diligence as part of the company's privatization to sell a majority
interest.

Other reported parties interested in Ghana Telecom include Portugal
Telecom and France Telecom. SingTel has traditionally mainly invested
in cellular operators in south east Asia and Australia.

Telekom Malaysia held a 30% interest and management control in Ghana
Telecom but was reportedly forced to exit the venture two years ago
saying it couldn't manage the business with the government, as
majority shareholder, continually overriding its decisions. Telenor
also ended its subsequent management contract with Ghana Telecom in
2005 on strained terms.

Source:GHP
.

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