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Gov’t of Ghana to acquire 100 percent shares in AirtelTigo

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Stakeholders in Ghana’s telecommunication industry are confident that the acquisition of a 100 percent of the shares of AirtelTigo by the Government of Ghana, will not impact the user experience of the customers of the network.

According to them, aside from the transfer of the shares from Bharti Airtel Limited to Ghana’s government, business should go on without any interruption.

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Information sighted by Citi Business News indicates that the Ghana government and AirtelTigo, are in advance stages of conclusion of the agreement for transfer of the latter as a going concern, meaning it has the resources needed to continue operating.

AirtelTigo is a joint venture between Airtel and Millicom International Cellular SA. India’s second largest telecom operator Bharti Airtel, holds a non-controlling 49.95 percent share in AirtelTigo.

2020 first quarter data from the National Communications Authority (NCA) showed that at the end of March, Airtel Tigo held the 3rd position for both voice and data subscribers, with a market share of 20 and 15.8 percent respectively.

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Source:
citibusinessnews.com/

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