The telecommunications business AT Ghana Limited, which is currently owned by the Ghanaian government, is set to see a 60% ownership takeover by the Canadian multinational corporation Rektron Group Incorporated.
With this action, Rektron, in collaboration with local company Afritel Ghana Limited, makes a strategic foray into the nation’s telecom market.
Rektron announced the acquisition from Vancouver on Wednesday, June 4, 2025, adding that it is still pending regulatory approval and due diligence completion.
As part of a larger endeavor to expand its position in emerging regions, especially in Africa, and diversify its global infrastructure portfolio, the corporation explained the planned transaction.
“We are excited to take a significant stake in AT Ghana and appreciate the support of the Government of Ghana as we take a significant stake in AT Ghana,” said Atanas Kolarov, Chief Executive Officer of Rektron.
“This aligns with our global vision to advance major infrastructure initiatives, foster innovation, and deliver value to consumers throughout the region.”
Formerly known as AirtelTigo, AT Ghana offers phone, data, mobile financial services, and enterprise connectivity solutions to more than 2.3 million clients nationwide.
After its former shareholders, Bharti Airtel and Millicom International Cellular, left in 2021, it was nationalized and has since been fully owned by the government.
Nana Richmond Aggrey, a pioneer in Ghana’s mobile industry and co-founder of Scancom Ghana (Areeba), which subsequently changed its name to MTN Ghana, formed the locally owned telecoms company Afritel Ghana, with whom Rektron would be collaborating closely.
The Rektron-Afritel partnership is anticipated to integrate extensive local knowledge and experience with global capital and skills.
“This partnership marks a major milestone in our mission to advance telecommunication services in Ghana,” Nana Richmond Aggrey stated.
“Through our strategic collaboration with Rektron bringing global best practices, strategic investment, and next-generation infrastructure, we will strengthen our mobile network, expand nationwide coverage, and modernise service delivery.”
“These improvements will enable us to drive down the cost of mobile data while increasing speed, reliability, and access. By making affordable, high-quality connectivity available to customers across all regions, including remote areas, we will be empowering every Ghanaian to fully participate in the digital economy and benefit from the opportunities it brings.”
The acquisition, according to Rektron, would help the company realize its goal of creating “resilient, connection-driven ecosystems across critical sectors.”
According to the business, AT Ghana’s proven track record of operations and established market presence offer a solid basis for long-term cash flow development and value creation.
Additionally, the investment will allow AT Ghana to expand up infrastructure development and leverage Rektron’s financial strength.
The Ghanaian government, which presently owns all of AT Ghana, has stated that it fully supports the agreement.
On May 21, 2025, the government, Afritel, and Rektron signed a Memorandum of Understanding (MoU) outlining the terms of the deal.
In the official release, Rektron emphasized Ghana’s quickly growing digital landscape as a major growth driver, pointing out that the telecom industry is a crucial investment frontier due to the nation’s rising demand for data services, digital inclusion, and fintech solutions.
However, a number of requirements still need to be met before the planned acquisition may proceed, such as the conclusion of adequate due diligence, the finalization of financial terms, the signing of final agreements, and the acquisition of the necessary regulatory clearances.
Rektron has said that “there can be no assurance that the Acquisition will be consummated,” even if the parties are striving for a successful closing.
The Rektron Group, which is listed on both the Frankfurt Stock Exchange and the Canadian Securities Exchange, is well-known for its investments in infrastructure and energy projects in developing nations.
Source: newsthemegh.com