Vodafone To Invest In Telecom Infrastructure

Britain-based Vodafone Group PLC is to invest $700 million in the development of telecommunication infrastructure in Ghana to improve on its network services, Sir John Bond, Chairman of the Company has announced.

The proposed investment forms part of discussions at a meeting with a Ghana Government delegation, led by Ghana’s President, John Evans Atta Mills during his three-day official visit to London, at the invitation of the British Government, which ended last Friday.

Sir John Bond told journalists that the meeting with the President is very constructive.

He said the Vodafone had expected the Mills' Administration to go to court over the sale and purchase agreement of Ghana Telecom, signed last year with the previous Administration.

He indicated however, that President Mills said Government is willing to resort to non-legal means, but sit and discuss the agreement and find a way that will be pleasing to both sides.

Sir John Bond said the meeting also discussed the transfer of the Ghana Telecom University.

He however, said one of the main challenges of the Company is finding sites to develop as stations to extend its services.

According to the Chairman the Company welcomes the stance of Government for transparency in the deal and operations of the Company.

Source: GNA