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In a way, Africa is a new frontier for mobile services. The continent is seeing growth from the commodities boom. Plus, there is certainly a need to build up the infrastructure.

No doubt, Vodafone Group plc (NYSE: VOD) sees the opportunity. In fact, this week the company plunked down $900 million for a 70% stake in Ghana Telecom (the remaining 30% will be held by the government).

Actually, Ghana Telecom is the main player in the market, with 99% of the fixed-line segment. There is also a 90% control of the broadband category.

Continue reading Vodafone: A $900 million cash call for Ghana Telecom

Vodafone: A $900 million cash call for Ghana Telecom originally appeared on BloggingStocks on Thu, 03 Jul 2008 17:21:00 EST. Please see our terms for use of feeds.

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