Goldkey Telecoms Ltd appoints Salamanca Group as financial advisor for 4G roll-out


Goldkey Telecoms Ltd (“Goldkey” or the “Company”), part of the CH Group, a successful Ghanaian entity with multiple industrial activities in Ghana has been awarded one of two 4G Broadband Wireless Access licences (“BWA Licence”) by Ghana’s National Communications Authority (“NCA”).

Goldkey intends to build and operate a nationwide broadband network in Ghana using state-of-the-art LTE wireless technology for the delivery of high-speed broadband, multi-media and other related services.

As part of finalising the strategy for the selection of technical and financial partners Goldkey is pleased to announce the exclusive appointment of Salamanca Group and Omnia Strategy LLP as Financial Advisor and Legal Advisor respectively.

Ghana is an attractive market for the provision of mobile technology and particularly the future delivery of high-speed data services by mobile broadband. In April 2013 the NCA announced that the total number of mobile subscribers now exceeded 26 million, more than 100 per. cent penetration compared to broadband subscription at just 1.4 per. cent.

Ghana has the potential to establish itself as a hub for the information technology sector in West Africa and this accords with the Government’s policy objective of providing universal access to telecommunications services for the population.

Andrew Dawber, Head of Advisory at Salamanca Group, commented: “We are delighted to have been appointed to advise Goldkey on the implementation of its 4G licence in Ghana.  The expansion of mobile technology is bringing significant economic and social benefits to the people of Ghana. We will assist the Company in selecting the right partners for the commercial development of this 4G LTE network.”

Julia Yun Hulme, Managing Director of Omnia Strategy LLP, commented “Omnia is committed to economic and social development in Africa and is pleased to be working with Goldkey on this pioneering project.”