Bharti Airtel and Tigo merge in Ghana to form AirtelTigo
HOME CAREERS CONTACT US LOGIN

Bharti Airtel and Tigo merge in Ghana to form AirtelTigo
FILE PHOTO: A girl checks her mobile phone as she walks past the Bharti Airtel office building in Gurugram
ACCRA (Reuters) - Bharti Airtel has merged with Millicom's Tigo in Ghana to become the country's second largest mobile operator, the new company AirtelTigo said on Tuesday.

The merger, the first of its kind in Ghana, is a bid to increase share in the West African country where mobile phone use is one of the highest in Africa and competition for 37.4 million mobile phone users is fierce.

South Africa’s MTN dominates with 47.5 percent of subscribers. Others include Britain's Vodafone, Globacom of Nigeria and Sudan's Sudatel Expresso.

The National Communications Authority regulator granted conditional approval for the merger in September, following an agreement in March by the two companies to combine their operations. .

AirtelTigo will serve around 10 million subscribers with revenues close to $300 million, it said in a statement.

(Reporting by Kwasi Kpodo; editing by Edward McAllister and Jason Neely)

2017-11-14 13:53:07


© 2017 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.
Most read today
Most read yesterday
Send e-mail to for any enquiries or see Contact Details for phone numbers
Home   •   Terms & conditions   •   PAIA   •   Privacy Policy   •   Security Notice   •   Contact Details
Market Statistics are calculated by Sharenet and are therefore not the official JSE Market Statistics. The calculation/derivation may include underlying JSE data.
© 2017 SHARENET (PTY) Ltd, Cape Town, South Africa