Government completes takeover of AirtelTigo

  The Government of Ghana has fully acquired 100 percent shares in telecommunication firm, AirtelTigo, along with all customers, assets, and...

 


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”

Source:myjoyonline 

Name

Business,21,Education,12,entertainment,30,event,5,foreign news,124,gossips,13,News,268,Politics,23,religion,56,sports,31,Video,7,Zongo,41,
ltr
item
Zongo Link Multimedia: Government completes takeover of AirtelTigo
Government completes takeover of AirtelTigo
https://blogger.googleusercontent.com/img/a/AVvXsEiDCHav_TBnGFDIKOlIMp5xhBWYWpQ-Xz4h0-qRjG9EWBOg-nFf_lHXX_1Qj1NcDaQnXtM3-MnBDnGOqQTWfJoOw827yMgNASXYD9W6nomUCZjII7fkOfRHUNc-4WsByHT6Cv_hEypkxOJaksXysJIZxq5m8uWg9pl4KgFUSX-Csn1hvdl7iHq-ac34=w400-h205
https://blogger.googleusercontent.com/img/a/AVvXsEiDCHav_TBnGFDIKOlIMp5xhBWYWpQ-Xz4h0-qRjG9EWBOg-nFf_lHXX_1Qj1NcDaQnXtM3-MnBDnGOqQTWfJoOw827yMgNASXYD9W6nomUCZjII7fkOfRHUNc-4WsByHT6Cv_hEypkxOJaksXysJIZxq5m8uWg9pl4KgFUSX-Csn1hvdl7iHq-ac34=s72-w400-c-h205
Zongo Link Multimedia
https://www.zongolinkmultimedia.com/2021/11/government-completes-takeover-of.html
https://www.zongolinkmultimedia.com/
https://www.zongolinkmultimedia.com/
https://www.zongolinkmultimedia.com/2021/11/government-completes-takeover-of.html
true
8117865796886022374
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share to a social network STEP 2: Click the link on your social network Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy