In Africa Airtel Merges With Millicom For Ghana Market

Bharti Airtel today said it has merged with Millicom in Africa to jointly run the business in Ghana market. Millicom that offers telecom services in Ghana under Tigo brand will, after the merger, be jointly owned by the Airtel-Millicom entity with equal ownership and governance rights.

At present Millicom or Tigo commands little over 17% market share in Ghana and the Airtel said that after the merger the combined entity would serve nearly 10 million customers of which 5.6 million are data customers.

Airtel in a statement said the entity’s revenue would be around $300 million and it offers coverage of around 80% of Ghana’s population.

“The agreement highlights our commitment to the Ghana market and our customers. The coming together of the two entities will benefit customers, who can now enjoy an extensive combined network and a wider range of affordable and innovative products and services. It will further strengthen our position in the market and offer huge benefits arising out of synergies in operations, resulting in better experience for the customers,” said Raghunath Mandava, MD and CEO, Airtel Africa.

By integrating the two networks, the combined business is expected to provide Ghanaian customers with a major boost in both rural and urban network coverage – in turn translating into better voice quality, high speed data services and reinforced network stability and resilience.

With the combined fibre footprint and increased number of data centres, enterprise customers – including both large corporations and SMEs – would have access to a diverse portfolio of world-class solutions. Mobile Financial Services will also be greatly enhanced with combined agent networks and platforms.

Mohamed Dabbour, Executive Vice President, Millicom Africa, said: “In a highly fragmented telecom market, this deal represents a major milestone for our business in Ghana. The combination of Tigo and Airtel will create an operator that will be able to offer Ghanaian consumers and businesses a state of the art network with high speed mobile data coverage. This transaction underlines confidence in the Ghanaian economy, and provides the opportunity to develop nationwide digital infrastructure and services in Ghana.”

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