Government of Ghana takeover AirtelTigo
The Government of Ghana, Airtel, and Tigo concluded the discussions for the transfer of AirtelTigo shares to the Ghanaian government along with all customers, assets, and agreed liabilities.
"The parties are in advance stages of discussions for the conclusion of the commercial agreement for the transfer of AirtelTigo on a going concern basis to the Government of Ghana," Airtel said in a statement to the Bombay Stock Exchange in India.
The proposed deal would result in the government of Ghana acquiring 100% shares of Airtel Ghana Ltd, also known as AirtelTigo, along with all its customers, assets, and agreed liabilities.