The ongoing dispute over the ownership of Ghanaian cellco Expresso (Kasapa Telecom) has been reignited, after local firm Kludjeson International Limited, which claims to be the rightful owner of the mobile company, has warned potential investors not to obtain shares in the company offered for sale by Sudan-based Sudatel Telecom Group (STG). Ghana News Agency quotes a statement released by K-San Law Firm, which represents Kludjeson, suggesting that STG and its subsidiary Expresso Telecom Group of Dubai, have reportedly ‘embarked on a fraudulent scheme of purported shareholding in Kasapa Telecom since 2008’. Further, Kludjeson claims that Kasapa Telecom’s ownership is still the subject of a court auction, and ‘all persons interested in acquiring shares in Kasapa Telecom Limited should be wary of this so-called Sudan Telecom, since it has no share in Kasapa Telecom.’ For its part, Sudatel maintains that it owns 75% of Expresso Telecom which in turn claims to have acquired 100% of Kasapa in July 2008.
As previously reported by TeleGeography’s CommsUpdate, STG initiated the sale of its 75% stake in Kasapa Telecom in late October 2013. Sources familiar with the matter revealed that a number of companies have expressed an interest in buying the mobile operator, with an unspecified local firm said to be the frontrunner in the talks. It is unclear when negotiations will be completed.