Bharti Airtel confirmed full ownership of its Ghana joint venture with Millicom had been transferred to the country’s government, ending a process started in October 2020 when the two groups revealed an aim to leave the market.
In a brief statement filed with the National Stock Exchange of India yesterday (3 November), Airtel confirmed the deal had concluded as planned, with 100 per cent of AirtelTigo shares now with the Ghanaian Government.
Earlier this year, Ghana’s Ministry of Communications and Digitalisation released a statement confirming it had negotiated the transfer of AirtelTigo’s customer base, assets and “agreed liabilities”.
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The ***barred word*** just started same month with their Airteltigo money. Agents are being robbed off what's due them.
The government will put its cronies on Tigo and it will become very inefficient because the political appointees on the board will just squander the money whiles the government will keep propping up the inefficiency. Eventually, the government itself will give up and sell it again. Just like they sold Vodafone.
the NPP under JAK sold Ghana Telecom so why are they buying Tigo today? What is the sense in this move?