Gov’t is still at the closing stage of AirtelTigo deal – Ursula

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The Minister of Communication and Digitalization, Madam Ursula Owusu-Ekuful, has said that the government is still at the closing obligation stage of the deal with AirtelTogo to take over 100 per cent ownership of the telecom company.

Answering questions in Parliament on Tuesday February 15, she said “We are still in the closing obligation stage of this transaction and so all the legal, constitutional processes will be completed on the advice of the Attorney General by the end of this meeting.”

The government of Ghana in November 2021 completed the takeover of the ownership of AirtelTigo, operators of the network, Bharti Airtel disclosed in a regulatory filing to the Bombay Stock Exchange.

“This is in further to our announcement dated October 27, 2020, and April 16, 2021, regarding Government of Ghana’s takeover of ownership of Airtel/Tigo Joint Venture. We wish to update that the transaction has been completed and 100% shares of Airtel Tigo have been transferred to the Government of Ghana,” Bharti Airtel said.

In April this year, the government of Ghana signed an agreement for the transfer of ownership of telecommunications company AirtelTigo, a joint venture between Bharti Airtel and telecom operator Millicom International Cellular SA (Tigo), which jointly operates in the country.

Mrs 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.

By Laud Nartey|3news.com|Ghana

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