GhanaCelebrities.Com reported weeks ago on a planned merger between Airtel and Tigo in Ghana to attempt to create a super network to take on the hegemony of MTN.
Whilst both companies – Bharti Airtel and Millicom Ghana Limited, operators of Airtel and Tigo respectively – came out to deny any deal was in the making, we now have confirmation that the deal has actually happened.
The two companies announced the merger today (Friday), with both companies expected to hold equal sway in the governance of the new behemoth – which immediately becomes the second largest network in the country with a combined user base of roughly 10m.
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Mohamed Dabbour, Executive Vice President, Millicom Africa, said of the deal: “In a highly fragmented telecom market, this deal represents a major milestone for our business in Ghana.”
Raghunath Mandava, MD and CEO, Airtel Africa, said: “The agreement highlights our commitment to the Ghana market and our customers.”
The deal is subject to obtaining the relevant documents from the relevant overseers of the national telecom sector.
This post was published on March 3, 2017 5:07 PM
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