Vodafone Ghana moves to acquire Surfline 4G LTE

Credible information available to your authoritative ghananesonline.com.gh indicates that the management of Vodafone Ghana are in talks to acquire Surfline – one of the 4G LTE networks currently operating in the country.

Details of the deal are sketchy but reliably sources with insider information have told us that discussions on the deal have commenced. Legal officers of both parties have been tasked to work on the documentations after which further meetings would be held for the way forward.

Even though officials of the two companies are currently tight lipped on the issue, there are speculations that the management of Vodafone Ghana wants to buy off Surfline but the latter wants to sell its majority shareholding only.

“We are confident that the deal will go through. We are happy with the level of discussions so far and when it is all said and done we shall let the public know,” our deep throat source stated.

We gathered further that the National Communications Authority (NCA) has already been notified of the deal awaiting the fine details.

Early this year, Vodafone Ghana hinted that it was close to introducing 4G service in the country to offer high speed calls and internet services to its growing customers.

The Chief Executive Officer (CEO) of Vodafone Ghana, Yolanda Cuba gave the hint during the official launch of ‘Vodafone SuperNet,’ a new product that offers comfort, resilience and reliability to support communication.

She said among others that ‘Vodafone SuperNet’ is a step closer to reaching 4G.

“This is our first step towards that [introducing 4G] because we say to our customers that we want to give them the fastest speed, most convenient connection, the best of all worlds, whether it is fixed or through fibre or mobile network or any other kind of delivery mechanism.

“For us it is important that we actually start trending towards a 4G conversation. Vodafone is the world’s largest 4G network. For us not to be part of that journey is something we actually have to work on and we are working on it,” she said.

It would be recalled that last year, Vodafone Ghana, ruled out entering the 4G LTE space anytime soon, stating that its financial position and market dynamics at the time do not support that investment.

At a media interaction in Accra, Yolanda Cuba, said much as the company would like to introduce a 4G network, it is incapable of doing so.

“Over the long-term for us it is imperative to have access to 4G. It will actually ensure not just fast speed but network quality to all our customers, so from that perspective we are committed to 4G. But at this stage, however, when we look at the percentage of people with 4G-enabled phones it’s still around 1 percent of the Ghanaian population,” she said.

Surfline is a Ghanaian-owned telecommunications 4G Long Term Evolution (LTE) network. It is Ghana’s first 4G LTE company.

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Source: Jeorge Wilson Kingson || ghananewsonline.com.gh

 

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