tigo

Tigo, Airtel merger yet to be approved

The proposed merger between Airtel and Tigo is expected to linger until such a time that the two companies complete the necessary regulatory processes with the National Communications Authority (NCA).

The two entities officially announced the decision to merge in March 2017.

But latest information from the NCA indicates that the process is yet to be completed, six months after the announcement.

In a response to an email request from Citi Business News, the NCA confirmed that it has received a joint application for a merger between Airtel Ghana Limited and Millicom Ghana Limited operators of Tigo.

The NCA also says it has since reviewed the joint application.

The regulator however says the two networks are in the process of furnishing it with some further details on the requirements for the merger.

It is unclear what requirements the regulator is seeking that the companies abide by but the NCA is expected to give its approval for the merger after a final review of the particulars requested for.

The parent company of Airtel and Tigo in March this year announced the merger between the two entities.

Under the agreement, both companies will own equal shares.

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