Millicom International Cellular (MIC) has announced the completion of its merger agreement between its Ghanaian mobile subsidiary Tigo and Airtel Ghana, the local unit of Indian telecoms group Bharti Airtel. The merger was announced in March this year and last week the National Communications Authority (NCA) granted its conditional approval for the transaction to take place. As previously reported by TeleGeography’s CommsUpdate, the combined entity will be required to submit a network integration plan to the NCA in order to ensure efficient and equitable distribution and access to the spectrum. This will be a phased process carried out on a geographical basis over a period of no more than 18 months to avoid disruptions to the network. A supplementary agreement to the licences of the two companies will be signed between the NCA, Tigo and Airtel, while the merged entity will hold a valid 3G licence until 25 January 2024 and a 2G licence valid until 30 October 2021.
There has not yet been an announcement as to what the ownership structure will look like or what name the combined entity will operate under.