Expresso Ghana, which was recently sold by Sudatel Group to its original owner Kludjeson International Limited, faces an uncertain future, following reports that the National Communications Authority (NCA) does not plan to renew its operating licence when it expires in 2019. Citing a ‘highly-placed source within the industry’, Adom Online reports that the NCA has already informed the cellco of its decision, although a viable turnaround plan could prompt the watchdog to reconsider its options.
Recent reports suggesting that the sale of Expresso Ghana was not registered with the NCA, will do little to improve the cellco’s bargaining position, however. Last month the regulator noted: ‘We would like to state that the NCA has no records on its files relating to any change of ownership of Expresso/Kasapa as it remains same as per the licence.’ Based on Sudatel documents discovered by Adom Online, the sale – which has only just been made public – may have taken place as early as 3Q16.
According to TeleGeography’s GlobalComms Database, Expresso claimed just 40,111 subscribers as of 31 March 2017 (most recent data), equivalent to a 0.1% market share.