Gov’t of Ghana Signs Agreement With AirtelTigo For Transfer of Ownership
The government of Ghana has signed an agreement with telecommunications company AirtelTigo for transfer of ownership to the state.
The government of Ghana and the parent companies of AirtelTigo 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.
In a release signed by the Communication Minister, Mrs. Ursula Owusu-Ekuful said “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.
Mrs. Ursula Owusu-Ekuful signed on behalf of the government 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 on behalf of the seller entities.
Read Agreement Below
GOVERNMENT SIGNS AGREEMENT WITH AIRTEL TIGO FOR TRANSFER OF OWNERSHIP
The Government of Ghana and the parent companies of AirtelTigo, Bharti Airtel Ghana Holdings B.V., MIC Africa B.V have concluded negotiations and signed an agreement to transfer the shares of the company to the Ghana Government following the announcement of the company’s departure from the Ghanaian market last year.
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.
The government will operate this national asset in the best interest of the nation, the company, telecommunications industry, and ensure the protection of the interests of all employees, customers, contractors, suppliers, stakeholders and sustain the digital transformation of Ghana.