Latest News | Airtel Plans to Exit Ghanaian Telecom Market

New Delhi, Oct 27 (PTI) Airtel on Tuesday said it is planning to exit the Ghanaian telecom market.

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"Bharti Airtel in its board meeting held earlier today announced the approval of the board for concluding an arrangement with Government of Ghana wherein Government of Ghana will acquire 100 per cent shares of Airtel Ghana Ltd (AirtelTigo...) along with all customers, assets and agreed liabilities," the company said in a filing to NSE.

The parties are in advanced stage of talks for conclusion of the commercial agreement for the transfer of AirtelTigo on a going concern basis to the Government of Ghana, it added.

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Accordingly, Airtel is voluntarily taking an impairment charge of Rs 184.1 crore, it said.

AirtelTigo is a joint venture between Airtel and Millicom, wherein Airtel holds a non-controlling 49.95 per cent stake in AirtelTigo, it added.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)