Source: Innovation-Village.com
Rektron Group Incorporated, a global energy and infrastructure giant, is set to make a strategic entry into Ghana’s telecom market by acquiring a 60% stake in AT Ghana Limited (formerly AirtelTigo), in partnership with local telecom firm Afritel Ghana Limited.
This acquisition follows the signing of a Memorandum of Understanding (MoU) with the Government of Ghana on May 21, 2025. Currently, AT Ghana is wholly owned by the government. The proposed deal aims to inject fresh capital, global infrastructure expertise, and operational best practices into the operator, whose market share has sharply declined—from 25.82% in 2018 to 7.89% by the end of 2024, according to the National Communications Authority (NCA).
Rektron’s pivot into telecoms reflects a broader strategy to enhance digital infrastructure across Africa. For Nana Richmond Aggrey, founder of Afritel and co-founder of Scancom Ghana (now MTN Ghana), the deal signifies a return to a sector he helped pioneer.
“This partnership marks a major milestone in our mission to advance telecommunication services in Ghana,” said Aggrey. “We will expand AT Ghana’s reach, improve network reliability, and reduce the cost of mobile data—empowering more Ghanaians to participate in the digital economy.”
AT Ghana currently offers voice, data, mobile financial services, and enterprise solutions to over 2.3 million customers. Rektron and Afritel intend to build on this base to extend services to underserved areas, modernize operations, and enhance competitiveness.
Samuel Nartey George, Minister of Communications and Digital Technology, endorsed the initiative, highlighting its alignment with Ghana’s digital economy agenda—especially goals around access, innovation, and job creation.
However, the acquisition is contingent on regulatory approvals, due diligence, and finalization of financial terms. Notably, AT Ghana’s GHS 3.5 billion debt (approx. $342 million as of March 2024) remains a hurdle.
Despite this, Rektron CEO Atanas Kolarov affirmed the company’s long-term commitment:
“This move underscores our vision to drive connectivity, innovation, and inclusive growth across Africa.”
If completed, the deal could reshape Ghana’s telecom landscape, restore competition, and bring affordable, high-speed digital services to millions.
Credit: Innovation-Village.com
