Government and the parent companies of AirtelTigo, Bharti Airtel Ghana Holdings B.V., MIC Africa B.V have concluded negotiations and signed an agreement to transfer the shares of the company to the Ghana government.
This comes after the announcement of the company’s departure from the Ghanaian market last year.
According to the Communication Minister, Ursula Owusu , the agreement transfers all customers, assets and agreed liabilities of AirtelTigo to government.
“We consider this a positive step as it adds to the growing portfolio of digital infrastructure assets being utilised by the government.
“Government will operate this national asset in the best interest of the nation, the company, telecommunications industry, and ensure the protection of the interests of all employees, customers, contractors, suppliers, stakeholders and sustain the digital transformation of Ghana,” she said.
Madam Owusu-Ekuful added, “The telecommunications sector is of strategic importance to the government and it is critical the sector remains healthy, dynamic, vibrant and most importantly, competitive.
“We are determined to make Ghana the digital hub of the subregion and this acquisition is a step in the right direction”.
The Minister signed on behalf of the government while Jatina Catharina Uneken-van de Vreede, Martin P Frechette, Timothy Pennington, Eric Nana Nipah and Vish Ashiagbor signed on behalf of the seller entities.
In October 2020, Airtel and Millicom announced that they were exiting the Ghanaian market and this agreement concludes the extensive negotiations between the parties to ensure a seamless transition and continued operation of AirtelTigo thereafter.