Axian Group led consortium signs an agreement to acquire Millicom telecom’s operations in Tanzania

TANZANIA – A consortium led by Pan- African group Axian, has signed an agreement with Millicom, an international telecommunications and media company, regarding the sale of its shares in Tigo Tanzania and Zantel in Zanzibar. The completion of the transaction is subject to customary closing conditions and regulatory approvals. The Axian-led alliance brings together distinguished experts in mobile communications, who have created and developed industry-leading brands in the Indian Ocean, Africa. Axian Group is a recognized pan-African infrastructures and services champion with strong entrepreneurial values and culture, focusing on long-term…

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Ghanian government acquires 100% shares of AirtelTigo from Bharti Airtel

GHANA – The Government of Ghana, Bharti Airtel (Airtel), and Millicom International Cellular S. A. (Millicom), through their respective subsidiaries, have announced that the definitive agreement for the transfer of ‘AirtelTigo’ (Airtel Ghana and Millicom Ghana) to the Government of Ghana on a going concern basis has been signed. The Ghanaian government would buy all of AirtelTigo’s shares, as well as all of its clients, properties, and liabilities, under the proposed agreement. According to the agreement, the deal will include a smooth acquisition by the Ghanaian government, after which AirtelTigo…

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MTN continues to dominate Ghana’s telecoms sector even as internet penetration rises to 93%

GHANA – South African multinational mobile telecommunications company, MTN has continued to dominate Ghana’s telecommunications sector even as the number of Ghanaians using internet continue to rise. According to the National Communication Authority’s (NCA) latest telecommunication industry statistics the penetration rate of internet users for 2G/3G stood at 92.76% at the end of December 2019. According to NCA, MTN led the market with a share of 71.2%, representing 20,086,336 users at the end of December 2019. The market leader was followed by Vodafone which has a market share of 12.64%…

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Western Union, AirtelTigo partnership to make international money transfer more convenient for Ghanaians

GHANA – Western Union, a leader in cross-border, cross-currency money movement and payments, has entered into a partnership with AirtelTigo Money (ATM) to enable Ghanaians receive international money transfers through Western Union directly into AirtelTigo Money mobile wallets. Mr Michael Sarpong Bruce, Head of Corporate Affairs, AirtelTigo in a statement said that upon receiving money from their loved ones abroad, customers have the freedom to access funds in several ways. According to the statement, customers may use the funds to pay bills, top up airtime, or withdraw the money in…

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Vodafone named Ghana’s most innovative procurement company

GHANA – Vodafone Ghana has been named the organisation with the most Innovative Procurement Process at the second edition of the Procurement and Supply Chain Awards. Vodafone Ghana was acknowledged for introducing a technology that has automated its processes, particularly the physical logistics and administrative aspects. These have remarkably minimised disruptions in its overall business efficiency. The Supply Chain team also introduced an extensive strategic cost-cutting programme, which yielded impressive results in operational cost and maximised value in every procurement transaction across the country. The telecommunications giant also received an…

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