Mergers, Acquisitions and Financial Results

Speculation is rife that Nigeria’s SNO, Globacom is set to take over the operations of Westel communications in Ghana.

Westel was granted a license to operate a mobile service late last year after it satisfied the requirement needed by the National Communications Authority. Though the company is currently plagued with problems of meeting its targets as far as their fixed line service is concerned, they have expressed optimism that they will surpass the other existing mobile service providers in terms of quality service. The company is expected to commence operations by the end of March next year after it has completed its privatization process.

Sources close to CITI FM say Globacom is set to make a takeover of the company even as they prepare to commence the mobile service. The takeover, which is expected this year, is set to inject the needed cash flow and resources to enable the company stay competitive.

Ghana Web