AirtelTigo, a telecommunications corporation in Ghana, has been taken over by the government.
The takeover “adds to the growing portfolio of digital infrastructure assets being used by the government,” according to a statement signed by Communications Minister Ursula Owusu-Ekuful.
Following the announcement of AirtelTigo's exit from the Ghanaian market last year, the Ghanaian government and the company's parent companies, Bharti Airtel Ghana Holdings B.V. and MIC Africa B.V., have concluded negotiations and signed an agreement to pass the company's shares to the Ghana government.
This arrangement transfers all of AirtelTigo's clients, properties, and agreed-upon liabilities to the Ghanaian government. We see this as a positive move because it adds to the government's increasing portfolio of digital infrastructure properties.
Government will manage this national asset in the best interests of the country, the sector, and the telecommunications industry, while also safeguarding the interests of all workers, consumers, contractors, suppliers, and stakeholders in order to continue Ghana's digital transformation.
Mrs. Ursula Owusu-Ekuful (MP), Minister of Communications and Digitalisation, signed on behalf of the Ghanaian government, while Ms. Jatina Catharina Uneken-van de Vreede, Mr. Martin P Frechette, Mr. Timothy Pennington, Mr. Eric Nana Nipah, and Mr. Vish Ashiagbor signed on behalf of the seller agencies.
Airtel and Millicom declared their withdrawal from the Ghanaian market in October 2020, and this agreement brings to a close the parties' lengthy negotiations to ensure a smooth transition and continued operation of AirtelTigo.
“The government places a high priority on the telecommunications industry, and it is vital that it remains safe, dynamic, vibrant, and, most importantly, competitive. We are committed to making Ghana the subregion's digital center, and this acquisition is a positive move in that direction.”
Ursula Owusu-Ekuful, Member of Parliament
Minister of Communications and Information Technology
Content created and supplied by: RobertNanor (via Opera News )
Opera News is a free to use platform and the views and opinions expressed herein are solely those of the author and do not represent, reflect or express the views of Opera News. Any/all written content and images displayed are provided by the blogger/author, appear herein as submitted by the blogger/author and are unedited by Opera News. Opera News does not consent to nor does it condone the posting of any content that violates the rights (including the copyrights) of any third party, nor content that may malign, inter alia, any religion, ethnic group, organization, gender, company, or individual. Opera News furthermore does not condone the use of our platform for the purposes encouraging/endorsing hate speech, violation of human rights and/or utterances of a defamatory nature. If the content contained herein violates any of your rights, including those of copyright, and/or violates any the above mentioned factors, you are requested to immediately notify us using via the following email address operanews-external(at)opera.com and/or report the article using the available reporting functionality built into our Platform See More