Hannam Investments and AirtelTigo reach joint venture agreement

AT Ghana, formerly known as AirtelTigo is the new member of the UK-based private equity firm Hannam Investment’s portfolio.

The joint venture deal has been reached through the collaborative efforts of both parties and the and the Ministry of Communication and Digitalisation.

The partnership between Hannam Investments and AT Ghana could usher in a new wave in the Ghanaian telecommunications industry.

Hannam Investments, which is a privately owned group, boasts multiple investments across more than 10 countries with involvement in natural gas, mining and finance sectors

Representatives of the company conveyed their delight in partnering with AT Ghana through this press release

They highlighted that “the collaboration would inject capital into Ghana, fostering technological advancements and bridging the gap in data and services provision in underserved areas of the country.”

AT Ghana has gone through some major changes through the years; in November 2017, Airtel and Tigo merged to create AirtelTigo, to position themselves competitively in the telecommunications industry.

In June this year, the company announced its plans to rebrand to AT Ghana.

The joint venture is expected to result in substantial investments, making AT Ghana a stronger player in the telecom sector.