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The Government of Ghana and therefore the parent companies of AirtelTigo, Bharti Airtel Ghana Holdings B.V., and MIC Africa B.V have concluded negotiations and signed an agreement to transfer the shares of the corporate to the Ghana Government following the announcement of the corporate’s departure from the Ghanaian market last year.
This agreement transfers all customers, assets and agreed liabilities of AirtelTigo to the govt of Ghana.
“We consider this a positive step because it adds to the growing portfolio of digital infrastructure assets being utilized by the govt,” a government statement said.
“Government will operate this national asset within the best interest of the state, the company, telecommunications industry, and make sure the protection of the interests of all employees, customers, contractors, suppliers, stakeholders and sustain the digital transformation of Ghana.”
The Minister of Communications and Digitalisation, Mrs. Ursula Owusu-Ekuful (MP) signed on behalf of the govt of Ghana, 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 vendor 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 make sure a seamless transition and continued operation of AirtelTigo thereafter.
“The telecommunications sector is of strategic importance to the govt, and it’s critical the world remains healthy, dynamic, vibrant and most significantly, competitive. We are determined to form Ghana the digital hub of the subregion and this acquisition may be a step within the right direction,” the govt said during a statement.