Business News of Wednesday, 26 December 2018Source: 3news.comVodafone Ghana wins 4G licence bid at US$30mFile photoGhana Telecommunications Company Limited, Vodafone Ghana, has won one of the frequency spectrum block auctioned by the National Communications Authority (NCA), which will allow the company go into its own 4th Generation (4G) service. Two (2) companies submitted applications, with Vodafone emerging as the only successful applicant”, a statement from the authority reads. In December 2015, the NCA auctioned two blocks of the 4G space (800MHz bands of LTE Spectrum) at a reserve price of US$67.5m and invited telecom companies to bid. However, only MTN Ghana participated in the auction for one block and eventually bought it. As one of the requirements, MTN Ghana was supposed to list on the Ghana Stock Exchange which was successfully done in 2018.

Source: GhanaWeb December 26, 2018 16:18 UTC