Accra – Ghana, October 13, 2017 – Millicom International Cellular S.A. (“Millicom”), the parent company of mobile operator Tigo Ghana Limited, announced today it has completed the transaction announced on March 3, 2017, with Bharti Airtel Limited (“Airtel”), the parent company of Airtel Ghana, to combine their operations in Ghana.
The successful closing will see both companies hold equal ownership and governance rights in the combined entity.
The Airtel – Tigo merged entity in Ghana will be the second largest mobile network operator in the country. It is envisaged that the combined business will offer improved coverage and better quality of service to customers in both urban and rural Ghana, enabling wider access to communication solutions for businesses and mobile financial services to the Ghanaian customers. Through an efficient delivery of superior customer experience, high speed data, innovative product mix and wider network coverage the new combined business will challenge the market leader, improve the competitive dynamics of the telecoms sector and in the long-term, strengthen the mobile ecosystem.
The shareholders have appointed Roshi Motman as CEO for the merged entity.
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Tigo started operations in Ghana in 1992 as the first Mobile Network Operator. It is part of Millicom International Cellular (MIC) which provides mobile, voice, data, cable television, broadband and financial services to over 50 million customers in 13 emerging markets in Africa and Latin America. In Ghana, it was first launched under the brand name, Mobitel and in 2002 it was rebranded to Buzz. This later changed to Tigo in 2006 to reflect the standard brand name within the Millicom Group.
With a current subscriber base of over 5 million subscribers, Tigo is a dynamic and highly visible brand actively driving digital and financial inclusion. Tigo Cash, the Mobile Financial Service was launched in 2011 and highly patronised by the informal sector and rural Ghana. Tigo Cash is renowned for its quick, safe and convenient services.
For more information, visit www.tigo.com.gh
About Bharti Airtel
Bharti Airtel Limited is a leading global telecommunications company with operations in 17 countries across Asia and Africa. Headquartered in New Delhi, India, the company ranks amongst the top 3 mobile service providers globally in terms of subscribers. In India, the company’s product offerings include 2G, 3G and 4G wireless services, mobile commerce, fixed line services, high speed home broadband, DTH, enterprise services including national & international long distance services to carriers. In the rest of the geographies, it offers 2G, 3G and 4G wireless services and mobile commerce. Bharti Airtel had over 381 million customers across its operations at the end of July 2017. To know more please visit, www.airtel.com