Vodafone Plc, the parent company of Vodafone Ghana, in a bid to focus on key markets has agreed on a sale of its operations in Ghana to Telecel Group.

A spokesperson for Vodafone Ghana said the majority stake will be sold to Africa-focused Telecel, subject to certain conditions.

According to a Bloomberg report, confidential sources say Telecel plans to help fund the acquisition of the company by offloading the its mobile towers.

Vodafone paid $900 million to the government of Ghana for a 70% stake in the company while the government maintains a 30% stake.

Telecel currently operates in more than 30 countries and employs over 700 staff, according to its website.

It has struck deals in Gibraltar, Liberia, and Mauritania in recent years.

Source: Ghanaweb