State-owned Ghanian operator AT (formerly Airtel Tigo) signed a joint venture agreement with private equity firm Hannam Investments, a move to invest into the nation’s telecoms market.
CommsUpdate reported, the two firms stated the aim of the deal is to upgrade Ghana’s telecoms infrastructure with state of the art technology and create a leading 4G network. Hannam Investment stated there will be a wide choice of innovative, consumer centric products and services on the back of this partnership.
AT CEO Leo Skarlatos said: “This is a significant milestone for AT. With Hannam Investments’ support, we are well-positioned to provide cutting-edge telecommunication solutions, compete on a global scale, and contribute to the development of our workforce and nation.”
Hannam Investments founder Ian Hannam added the partnership will bring further investments to the Ghana telecoms market, deliver technological advancement and expand coverage.
“The joint venture will make substantial investments to create a new player in the telecom sector. Our aim is to ensure that more people in Ghana have access to the internet and services, which are essential building blocks of a country and will act as a driver for economic growth and development” he said.
The Ghanaian government gained control of Airtel Tigo from Bharti Airtel in 2021.