Tigo, Airtel complete Ghana transaction

BY: Isaac Yeboah

Millicom International Cellular S.A. ("Millicom"), the parent company of mobile operator Tigo Ghana Limited, says it has completed the transaction with Bharti Airtel Limited (“Airtel”), the parent company of Airtel Ghana, in a move that will combine the operations of the two companies in Ghana.

A release issued in Accra today said: “The successful closing will see both companies hold equal ownership and governance rights in the combined entity”.

It said “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,” the release added.

Meanwhile, the shareholders, the release said, have appointed Madam Roshi Motman as the Chief Executive Officer for the merged entity.