How can you buy AirtelTigo without telling the Ghanaians?

General news for Thursday, October 29, 2020

Source: rainbowradioonline.com

2020-10-29

Kumbungu MP Ras Mubarak has criticized the government for buying the shares of AirtelTigo, a company that he said was struggling.

The government will assume control of AirtelTigo’s shares along with all agreed clients, assets and liabilities.

The Government of Ghana, through this transaction, will temporarily operate the national asset in the best interest of the nation and ensure the protection of the interests of all employees, customers and stakeholders, and a continuation of the digital transformation in Ghana, a statement. issued in motion has said.

Given the multiplier impact that the telecommunications sector has on the economy and various related industries, the Government of Ghana has signed this agreement to ensure that thousands of Ghanaian jobs are protected, the statement added.

But Ras Mubaraka says the company is not doing well but was bought by an administration that had previously said the government has no business in the telecommunications space.

“Today, the same party that sold Ghana Telecom to Vodafone and inspired by Vodafone’s profits, Ghanaians are not getting any returns. That same government came forward to acquire AirtelTigo. Look at the president’s spending, his trips within Ghana have him cost the nation GHc 5.8 million just for hotel bills. When you visit our regions, there are lodging facilities maintained by the state for the president to use, but despite that, they used GHc5.8 million in hotel bills “.

“They have made the decision to continue looting our resources and not being accountable to the people. How is it that an important agreement like AirtelTigo does not tell the Ghanaians about it? How can you buy a company that is struggling and in danger not tell them to Ghanaians the cost. “

I was talking to Kwabena Agyapong on Frontline on Rainbow Radio 87.5Fm.

The Bharti Airtel board in a statement issued to the Bombay Stock Exchange on Tuesday night. [October 27, 2020] announced that the board has authorized the sale of its Ghana joint venture, Airtel Tigo, to the government of Ghana.

“The parties are in advanced stages of discussions for the conclusion of the commercial agreement for the transfer of AirtelTigo on a going concern basis to the government of Ghana,” Airtel said in the statement to the Bombay Stock Exchange in India.

The proposed deal would result in the government of Ghana acquiring 100% of the shares of Airtel Ghana Limited, also known as AirtelTigo, along with all of its agreed clients, assets and liabilities.