Jospong Group Companies set to acquire Expresso

31 Jan 2014

Sudanese-based Sudatel Telecom Group (STG), the parent company of Ghanaian cellco Expresso (Kasapa Telecom), is reportedly planning to sell its stake in the company to Jospong Group Companies (JGC), local news agency Spy Ghana reports. Sources familiar with the matter have disclosed that negotiations between the parties are at an advanced stage, although no final decision has been reached yet, due to ‘political and administrative delays from the Sudanese government’.

As previously reported by TeleGeography’s CommsUpdate, in March 2013 it was revealed that STG – which currently owns telecoms assets in Mauritania (Chinguitel), South Sudan (Sudatel South Sudan, Sudani), Ghana (Expresso), Guinea (Intercel Guinea, Expresso) and Senegal (Sudatel Senegal, Expresso) – was considering a widespread sale of its African businesses. Subsequently, in October STG initiated the sale of its stake in the Ghanaian company, with a number of companies expressing an interest in buying the mobile operator.

Ghana, Kasapa Telecoms (Expresso), Sudatel (Sudani)