The Government of Ghana has fully acquired 100 percent shares in telecommunication firm, AirtelTigo, along with all customers, assets, and liabilities.
With this, the telecommunication company will now operate as a state-owned entity.
The agreement for the transfer of AirtelTigo to the government was announced in April this year.
The takeover was indicated in a regulatory filing to the Bombay Stock Exchange from Bharti Airtel.
“This is further to our announcement dated October 27, 2020, and April 16, 2021, regarding the Government of Ghana’s takeover of ownership of AirtelTigo Joint Venture. We wish to update that the transaction has been completed and 100% shares of AirtelTigo have been transferred to the Government of Ghana,” Bharti Airtel said in the filing dated November 3, 2021.
Ursula Owusu-Ekuful, the Minister of Communication and Digitalisation signed the deal on behalf of the Ghana government whereas 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.
It is unclear how much it cost the government to takeover the ownership of AirtelTigo.
However, Mrs. Ursula Owusu-Ekuful in a Facebook post claimed that the government acquired it for “just a dollar”
- 2 nursing trainees die in gory accident at Asankragua
- Police hunt for gunmen after rescuing trapped baby from snatched car in Kumasi
- Chilling account of how policeman was killed, assailant shot dead in Bono Region
- Moesha Boduong returns to social media after several months of silence
- Marriage by proxy is legitimate under Customary Law – Lawyer
- Police commiserate with families and victims of Atico accident
- ‘We all have 24 hours, establish yourself and stop hating successful people for nothing’ – Tracey Boakye
- Novak Djokovic: Tennis star deported after losing Australia visa battle
- Worker unions fear more job losses as local companies halt production over benchmark values
- Withdrawal of Speaker’s military attachment politically motivated – Minority
Wealth of world’s 10 richest men doubled in pandemic – Oxfam
Body of officer killed in Bono Region arrives at Police Headquarters
Enterprise Life holds 20th anniversary thanksgiving service
Sudan removes Al Jazeera Live’s TV licence
We have impacted over 8.5 million lives impacted so far – Head of Vodafone Ghana Foundation
Ghana Basektball Association complete first phase of national team draft
GPL Week 13 Wrap: Kordzi scores doubles in Wonders demolition, Danlad saves Kotoko
Akufo-Addo commended for extending PSRL to end of January 2022
Today’s front pages: Monday, January 17, 2022
Ghana does not face imminent external imbalances; economic fundamentals strong – Finance Minister
GRA hits 2021 revenue target with ¢57. 32bn; highest growth in 10 years
Message from the Morning Man: Say no to abortion
AFCON Day 8 Wrap: Equatorial Guinea shock Algeria, Ivory Coast and Mali held
Customer complaints of banks, other financial institutions dropped 27.87% in half-year 2021 – BoG
Ghanaians should tone down on negativity against Black Stars – Lepowura Jawula