Airtel, Tigo in Ghana merger talks

23 Jan 2017

Rival cellcos Airtel Ghana, which is owned by Bharti Airtel of India, and Millicom International Cellular (MIC)-backed Tigo Ghana are in discussions to merge their two companies, India’s Economic Times reports. No official confirmation of the talks has been forthcoming, but the Economic Times quotes a source close to the parties as saying: ‘The two companies are in discussions for a possible joint venture wherein both companies could hold equal share.’

According to TeleGeography’s GlobalComms Database, Tigo and Airtel respectively accounted for 14.5% and 12.1% of Ghana’s total mobile user base as at 30 September 2016. As such, the mooted combination of the third and fourth-placed players would see the combined entity replace Vodafone Ghana (21.9%) as the second largest mobile operator in Ghana, behind market leader MTN Ghana (48.6%).

Ghana, AirtelTigo, Bharti Airtel, Millicom Ghana (Tigo), Millicom International Cellular (MIC)