Business News of Thursday, 11 September 2025

Source: www.ghanaweb.com

'Pause AT-Telecel merger, consider Rektron's $150m offer' – Mpraeso MP to government

Davis Ansah Opoku is the Member of Parliament for Mpraeso Davis Ansah Opoku is the Member of Parliament for Mpraeso

The Member of Parliament for Mpraeso, Davis Ansah Opoku, has urged the government to pause the proposed merger of AT Ghana and Telecel, warning that the move risks entrenching inefficiency and further strengthening MTN’s dominance in the telecom sector.

Opoku, who previously welcomed the government’s efforts to rebalance the market, said a stronger alternative is now on the table and must be fully considered before any merger.

Canadian multinational, Rektron Group, has submitted proof of $150 million to KPMG, the government-appointed transaction advisor, to acquire a majority stake in AT Ghana.

Managers of AirtelTigo sale are 'enemies of the state' - Sam George fumes

The company’s proposal includes clearing AT’s debts, recapitalising its operations, modernising networks, and fast-tracking the rollout of 4G and 5G services.

“This is a credible investment that can restore competition and rebuild confidence in our telecom sector,” the MP said. “Rushing into a merger of two fragile operators, while ignoring a well-funded investor with a clear plan, risks repeating the mistakes of expedience,” he said.

Davis Opoku also raised concerns about ongoing talks between the government and MTN regarding 5G deployment, despite the Next-Gen Infrastructure Company (NGIC) holding a ten-year exclusive nationwide license.

Canadian firm reaffirms $150m rescue plan for struggling AT

He warned that allowing parallel arrangements could create regulatory confusion, undermine trust in government policies, and weaken competition.

He called on the government to put transparency and due process first by subjecting the Rektron investment and the AT–Telecel merger to open scrutiny.

Parliament and the public deserve clarity on which option best protects taxpayer funds, creates fair competition, and ensures affordable and reliable service for Ghanaians,” he added.

The lawmaker stressed that Ghana’s digital transformation depends on addressing the root causes of market imbalance and enforcing regulatory frameworks.

“Strengthening the regulator’s authority and ensuring adherence to licensing agreements are key to reducing MTN’s dominance and safeguarding the future of our telecom sector,” he said.

Will Ghana pass the Anti-Witchcraft Bill? Find out in the latest episode of The Lowdown on GhanaWeb TV in this conversation with Amnesty International: