Rektron Group Incorporated, a global leader in energy and infrastructure, is preparing to make a bold entry into West Africa’s telecom sector by acquiring a 60% majority stake in AT Ghana Limited (formerly AirtelTigo). Partnering with local telecommunications firm Afritel Ghana Limited, the planned deal aims to restore the competitiveness of one of Ghana’s longstanding but struggling telecom operators.
This development follows a Memorandum of Understanding signed on May 21, 2025, with the Government of Ghana, which currently owns AT Ghana outright. The acquisition is expected to infuse much-needed capital, world-class infrastructure, and global best practices into a company that has seen its market share fall sharply—from 25.82% in 2018 to just 7.89% by the end of 2024, according to the National Communications Authority (NCA).
Rektron’s diversification into telecommunications represents a strategic pivot toward advancing digital infrastructure across Africa. The deal also marks a return to the sector for Nana Richmond Aggrey, founder of Afritel and co-founder of Scancom Ghana (now MTN Ghana), the country’s first GSM provider.
“This partnership marks a major milestone in our mission to advance telecommunication services in Ghana,” said Aggrey. “With Rektron’s strategic investment and operational backing, we will expand AT Ghana’s reach, improve network reliability, and reduce the cost of mobile data—empowering more Ghanaians to participate in the digital economy.”
AT Ghana offers a range of services including voice, data, mobile financial services, and enterprise solutions. With over 2.3 million customers, the company still holds a significant footprint in Ghana’s telecom space. Rektron and Afritel plan to leverage this foundation to drive nationwide improvements, particularly in underserved regions.
Minister of Communications and Digital Technology Samuel Nartey George expressed strong support for the initiative, noting that a clear roadmap is in place to reposition AT as a competitive and viable operator. The partnership aligns with national digital economy goals, including expanded access, innovation, and job creation.
While the acquisition holds immense promise, it is still subject to several conditions—including due diligence, final financial terms, regulatory approvals, and resolution of AT’s reported debt burden of GHS 3.5 billion (approximately $342 million as of March 2024).
Despite these challenges, Rektron CEO Atanas Kolarov emphasized the company’s commitment to building sustainable infrastructure and delivering long-term value. “This move underscores our vision to drive connectivity, innovation, and inclusive growth across Africa.”
If finalized, the deal could reinvigorate Ghana’s telecom sector by introducing fresh competition and modern solutions—bringing high-speed, affordable digital access to millions of Ghanaians.
