Government to buy Airtel Tigo as Bharti Airtel exits Ghana business

GHANA – Airtel Africa which operates in Ghana under that joint venture – AirtelTigo – has announced that it will sell its assets and leave the West African country as certain government policies have been detrimental to its business model in that country. “The parties are in advance stages of discussions for 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. The proposed deal would result in the government of Ghana acquiring 100% shares…

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