Gov’t Signs Agreement With AirtelTigo For Transfer Of Ownership

Spread the love

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.

Read This:  Newborn Found Dead Inside Porta-Potty In East Harris County - Houston

“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.

Read This:  Man arrested outside US vice president’s residence in Northwest Washington

“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”.

Source: Starfm.com.gh

How useful was this post?

Click on a star to rate it!

Average rating / 5. Vote count:

No votes so far! Be the first to rate this post.

About the author

Gideon Success is the founder of Youths 4 Success, one of the best student and young entrepreneurship portals in Ghana for educational content.
Keep visiting this site and don't forget to share our post when it is worth your time.

Read This:  Ghana’s Coronavirus Trust Fund Running Out Of Finances

Spread the love

What Do You Think?

You cannot copy content from this page