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The government of Ghana acquired ailing telecoms network AirtelTigo for $1, consistent with Ghana’s communication and digitisation minister, Ursula Owusu-Ekuful.
She said it had been never true that the govt bought the corporate for $20 million as being speculated by other media houses.
She, however, revealed that some debts accrued by AirtelTigo amounting to $100 million owed to plain Bank are going to be structured by the govt and paid off, Accra-based Starr FM reported on its website.
She added that fifty percent of that debt has been forgiven by the bank and therefore the remainder 50 percent are going to be paid off by the govt of Ghana.
The government of Ghana last week signed an agreement with telecommunications company AirtelTigo for the transfer of ownership to the state.
The government of Ghana and therefore the parent companies of AirtelTigo, Bharti Airtel Ghana Holdings B.V., MIC Africa B.V signed the transfer after they concluded negotiations to transfer the shares of the corporate to the Ghana government.
The transfer of ownership comes after AirtelTigo in June 2020 announced its decision to exit the Ghanaian market.
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,” Communication Minister Mrs. Ursula Owusu-Ekuful stated after the signing of the agreement.