Business News of Monday, 4 February 2019Source: Myjoyonline.comVodafone parries GSE 'misplaced' suggestion to list on local bourseGovernment of Ghana owns 30 per cent of the companyTelecom giant, Vodafone Ghana, says suggestion by the Ghana Stock Exchange (GSE) that it must be compelled to list on the bourse following its recent acquisition of 4G LTE License is ill-informed. The 4G LTE License conditions, according to Vodafone Ghana, does not mandate licensees to launch an IPO on the GSE. Vodafone Ghana said in a statement that “nowhere in the bid documents or the license condition is reference even made to listing. “An IPO on the exchange is, therefore, clearly not required,” Vodafone Ghana stressed. Vodafone Ghana said it has no aversion to the listing, or for accommodating local participation in the company’s fortunes, as the publications suggest.

Source: GhanaWeb February 03, 2019 23:03 UTC