Ghana Gov’t buys 100% Shares Of Airtel For $25 Million – Read Now!

The Government of Ghana has reportedly acquired shares of Bharti Airtel, owners of AirtelTigo for $25 million.

The deal means Government will purchase 100% shares of Airtel Ghana Ltd which will include the acquisition of customers, assets, and agreed liabilities.

“The parties are in advance stages of discussions for the conclusion of the commercial agreement for the transfer of AirtelTigo on a going concern basis to the Government of Ghana,” Airtel said in a statement to the Bombay Stock Exchange on Wednesday.

• TikTok removed nearly 90 million videos globally in the second half of 2020February 25, 2021
  In total, from July 1 to December 31 last year, the company said it removed 89,132,938 videos … Read More
• Mastercard, MTN partner To enable payments on global platforms with Mobile MoneyFebruary 25, 2021
  Mastercard and MTN announced a strategic partnership to enable millions of consumers in 16 countries across Africa to make global … Read More
• Using lessons learnt in 2020 to combat the security threats in 2021February 25, 2021
  2020 saw a boom in cyberattacks with cybercriminals taking advantage of the coronavirus pandemic and lockdown to … Read More
• Cybercrime and the pandemic – Read Now!February 25, 2021
  A new report from BlackBerry shows that as our digital habits have changed over the past year cybercriminals have … Read More
• Here is why enterprise security isn’t just an IT problemFebruary 25, 2021
  They say a chain is only as strong as its weakest link; when it comes to cybersecurity, … Read More

AirtelTigo is a joint venture between Bharti Airtel and Millicom International Cellular, operators of Tigo in Ghana. The two merged in 2017, becoming the second-largest telecom operator in Ghana at the time.

The merger was approved by the regulator subject to the condition that the Ghana government will have the option to pick up a stake in the new entity in future.

According to the quarterly results ending September 30, Airtel said its Ghana operations had a customer base of 5.1 million.

source/reference: teachnovagh

About Post Author

Daniel Kwaku Ntiamoah Addai

Experienced Information Technology Assistant with a demonstrated history of working in the utilities industry. Skilled in Microsoft Word, Computer Science, IT Service Management, IT Strategy, and Website Administration. Strong information technology professional with a CEHv10 focused in Certified Ethical Hacking from EC Council.

See author's posts