The airtel and millicom in October 2020 publicly announced their intention of exiting from the Ghanaian market with which this agreement was concluded with an agreement between parties to ensure a continues operation and seamless transition of the AirtelTigo company.
However, the government of Ghana and the company of AirtelTigo, Bharti Airtel Ghana Holdings B.V., MIC Africa B.v have finally finished negotiations on the transfer of ownership to the government. The AirtelTigo company agrees to transfer all shares and ownership of the company to the government of Ghana. This agreement is therefore to transfers all customers, assets, and agreed liabilities of AirtelTigo to the Government of Ghana. This is therefore a good step as the company utilized by Ghana will add to the growing digital infrastructure asset. The government will however, operate this asset to the benefit of all Ghanaians citizens in the country as it is now a national asset together with improving the telecommunications industry. It will also see to it the protection of all employees, customers, contractors, suppliers, stakeholders.
Mrs Ursula Owusu-Ekufu, the Minister for Communications and Digitalisation on behalf of the Ghana government signs the documents and Ms Jatina Catharina Uneken-van de Vreede, Mr Martin P Frechette, Mr Timothy Pennington, Mr Eric Nana Nipah and Mr Vish Ashiagbor a) also signed on behalf of the seller entities.
“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 sub region and this acquisition is a step in the right direction,” The minister disclosed in a statement.
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