The government of Ghana has signed an agreement with telecommunications company AirtelTigo to transfer ownership to the state.
The government of Ghana and 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 company 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 government of Ghana.
“We consider this a positive step as it adds to the growing portfolio of digital infrastructure assets being utilized by the government,” Communication Minister Mrs Ursula Owusu-Ekuful stated.
The government will, from now on, operate and regulate this national asset for the benefit of the country and protects the interest of all employees, customers, contractors, suppliers, stakeholders, and sustain the digitization project of the country.
In October 2020, Airtel and Millicom announced that they were exiting the Ghanaian market. This agreement concluded the extensive negotiations between the parties to ensure a seamless transition and continued operation of AirtelTigo after that.
“The telecommunications sector is of strategic importance to the government, and it is critical the sector remains healthy, dynamic, vibrant, and most importantly, competitive. We are determined to make Ghana the digital hub of the subregion, and this acquisition is a step in the right direction”.