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Business News of Friday, 13 October 2017


Tigo and Airtel complete Ghana transaction

Millicom International Cellular S.A. ("Millicom"), the parent company of mobile operator Tigo Ghana Limited, has announced the completion of the merger transaction.

Millicom International and Bharti Airtel Limited (“Airtel”), the parent company of Airtel Ghana, announced on March 3, 2017 the decision to combine their operations in Ghana.

A statement from the partners said the successful closing would see both companies hold equal ownership and governance rights in the combined entity. 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 statement said.

The shareholders have appointed Roshi Motman as CEO for the merged entity.