South Africa-based pan-African telecoms company MTN Group has announced it is rebranding its Ghanaian unit Spacefon Areeba under the MTN umbrella, soon. Until May 2006 the cellco (formerly Scancom) was a wholly owned subsidiary of Lebanon-based Investcom Holdings. In that month, MTN Group announced plans to enter the Ghanaian market through a merger with the parent company. MTN Group acquired Investcom in a deal worth USD5.526 billion.
A spokeswoman for the operator said that following the rebranding, Scancom Ghana would still remain the registered owner of the brand, except that Scancom is now owned by the MTN group.