Indian telecom giant Bharti Airtel has clubbed with Millicom’s Tigo with its subsidiary in Ghana to become one of the biggest networks in the country.
Announcing the deal on Friday the Airtel Africa MD and CEO Raghunath Mandava said the combined entity will further strengthen their position in the market and also to offer huge benefits to the customers along with better experience.
As per the deal, both the companies are learned to enjoy equal ownership as well as equal governance rights in Ghana. They will serve about 10 million customers including 5.6 million data users. The combined revenues of the entity would be nearly $300 million.
Both the companies jointly will cover over 80 percent of the Ghana population and to offer the country’s widest 3G coverage.
However, approval from relevant authorities in Ghana is awaited along with the satisfaction of customary closing conditions.
Millicom Africa Executive Vice President Mohamed Dabbour 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.”