The Ghana government has signed an agreement with AirtelTigo for the transfer of ownership of the broadcast communications company to the state.
The public authority of Ghana and the parent companies of AirtelTigo, Bharti Airtel Ghana Holdings B.V., MIC Africa B.V signed the transfer after they closed exchanges to transfer the portions of the company to the Ghana government.
This followed the announcement of the company’s takeoff from the Ghanaian market in 2020.
The Minister of Communications and Digitalisation, Mrs. Ursula Owusu-Ekuful spread the word about this in a press proclamation gave Friday, April 16, 2021.
This agreement transfers all clients, assets, and concurred liabilities of AirtelTigo to the public authority of Ghana.
“We think about this as a positive advance as it adds to the developing arrangement of computerized framework assets being used by the public authority,” Mrs. Owusu-Ekuful expressed.
She clarified the public authority will work the national asset to the greatest advantage of the country, the company, broadcast communications industry, and guarantee the assurance of the interests of all representatives, clients, project workers, providers, partners and support the computerized transformation of Ghana.
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Mrs. Ursula Owusu-Ekuful signed for the benefit of the public authority 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 for the benefit of the seller entities.
In October 2020, Airtel and Millicom announced that they were leaving the Ghanaian market and this agreement closes the broad dealings between the gatherings to guarantee a consistent transition and proceeded with activity of AirtelTigo from there on.
“The broadcast communications area is of vital importance to the public authority and it is basic the area stays solid, dynamic, vibrant, and most importantly, serious. We are resolved to make Ghana the advanced center point of the subregion and this securing is a positive development”.
Bharti Airtel in 2017 consented to converge with Millicom’s Tigo in Ghana to turn into the country’s second-biggest portable administrator, AirtelTigo.
The National Communications Authority (NCA) granted endorsement for the merger for the two companies to join their tasks.
AirtelTigo serves around a 5.1million supporters and offers work freedoms to just about 10,000 individuals, both straightforwardly and in a roundabout way.
Celtel International, an auxiliary of Zain (once in the past named the MTC Group) in 2007 obtained 75% of Western Telesystems Ltd (Westel) from the public authority of Ghana for $120 million.
The public authority of Ghana stayed an investor in Westel with a 25% holding through the Ghana National Petroleum Corporation, until the above merger.
Westel was at the hour of the takeover by Celtel the second national administrator in Ghana and was authorized to give fixed and versatile (GSM) broadcast communications administrations.
Millicom Ghana Limited was the primary versatile media communications company to work in the country. It at that point worked under the brand name Mobitel from where it transformed to become Tigo.