Tigo and Airtel Complete Ghana Transaction

Photo by:Business & Financial Times

Millicom International Cellular S.A. ("Millicom"), the parent company of mobile operator Tigo Ghana Limited, last Friday announced the completion of the transaction announced earlier this year with Bharti Airtel Limited ("Airtel"), the parent company of Airtel Ghana, to combine their operations in Ghana.

The successful closing will see both companies hold equal ownership and governance rights in the combined entity.

The Airtel-Tigo merged entity in Ghana will be the second largest mobile network operator in the country.

It is envisaged that the combined business will offer improved coverage and better quality of service to customers in both urban and rural Ghana, enabling wider access to communication solutions for businesses and mobile financial services to the Ghanaian customers.

Through an efficient delivery of superior customer experience, high speed data, innovative product mix and wider network coverage the new combined business will challenge the market leader, improve the competitive dynamics of the telecoms sector and in the long-term, strengthen the mobile ecosystem.

Meanwhile, shareholders have appointed Roshi Motman of Tigo as CEO for the merged entity. - BDG

Laws & Regulations
• Egypt’s tax-free car import initiative generates $... 03-20
• Resource curse: more Africa countries could benefi... 01-16
• Morocco Announces Cigarette Price Hike for 2024 as... 12-27
• Nigeria wins appeal in landmark ruling against Pro... 11-16
• Togo, Benin slash telecommunication charges 10-24
• Egypt adopts new strategy to increase industry’s c... 10-05

Trade Shows
• African Energy Week (AEW) 2024: Date Set 10-12
• Cityscape Egypt 2023 expo kicks off on Tuesday wit... 09-19
• Cotonou to host first Auto Moto Show on October 12... 06-27
• Ministerial Forum a top feature at Big 5 Construct... 05-17
• THE BUILD&DECOR EXPO 05-06
• SIAM: Moroccan, International Companies Showcase I... 05-03