Industry News Page | Telecoms Chamber

AIRTELTIGO PROGRESSES IN NETWORK UPGRADE-COMPLETES FIVE REGIONS

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Ghana’s second-largest telecommunications network, AirtelTigo has made great strides in the upgrade and consolidation of its network assets between former Airtel and Tigo. It has recently completed this consolidation in the Northern, Upper East, Upper West, Brong Ahafo and Ashanti regions to become one big network.

Over the past six months, AirtelTigo has invested significantly in its network upgrade and consolidation, which will offer an enhanced customer experience nationwide. The company has increased its 3G population coverage across the five stated regions and will continue enhancing the network experience in coming months.

The next phase of upgrade will cover the Eastern, Volta, Western and Central Regions which will be completed in September. Greater Accra region will follow soon after that. This is all part of AirtelTigo’s plan to fulfill its commitment to deliver a bigger, better and stronger network to its customers.

Commenting on the ongoing network upgrade nationwide, the Chief Executive Officer of AirtelTigo, Mrs Mitwa Kaemba Ng’ambi, said “The AirtelTigo merger, which is the first of its kind in Ghana represents a value-creating and groundbreaking move in the country’s telecommunications industry. We will ensure that Ghanaians experience the full benefits of this merger in an efficient and expeditious manner.”

She added “We acknowledge and appreciate the patience of all AirtelTigo customers whose communication may have been disturbed in these areas of network upgrade.” She reassured that the network upgrade in these areas is now complete with further improvements planned in the coming months. “We are here to serve you and encourage any customer who is experiencing any challenge to contact our Customer Service by calling 100, 0277551000 or 0260000100. Alternatively, our customers can also visit us at any AirtelTigo Shop” she said.

 

Source: AirtelTigo

AIRTELTIGO LEADERSHIP TEAM CALLS ON OTUMFUO OSEI TUTU II

AirtelTigo leadership team calls on Otumfuo Osei Tutu II

A delegation from AirtelTigo, led by the Chief Executive Officer, Mrs Mitwa Ng’ambi, has paid a courtesy call on His Royal Majesty (HRM) Otumfuo Osei Tutu II, Asantehene at the Manhyia Palace in Kumasi.

Mrs Mitwa Ng’ambi used the occasion to share information on the milestones so far achieved on the merger between Airtel and Tigo since the announcement last year.

She indicated that there was an on-going network upgrade nationwide to ensure that AirtelTigo’s customers enjoy a superior network experience.

She said the company remains committed to meeting the needs of customers and assured the Otumfuo and all valued stakeholders in the Ashanti region of an enhanced customer experience.

“AirtelTigo has a long history in Ghana and is indeed proud of its heritage. We remain committed to pursuing the network upgrade and consolidation to offer fast internet speed, generous data packages and superior voice quality and also deliver a bigger, better and stronger network to our customers,” she said.

Mrs Ng’ambi expressed appreciation to the Asantehene and his Council for their relentless support to the former brands over the years.

In his remarks, Otumfuo Osei Tutu II welcomed the new CEO and thanked the company for its contributions to the socio-economic development in the region. He prayed for a successful merger and reaffirmed his support for the work of the company in serving the needs of the people in his region.

The delegation also paid a courtesy call on the Ashanti Regional Minister Mr. Simon Osei Mensah and the Regional Coordinating Council. The regional Minister was excited about the merger and the opportunity it provides for the growth of businesses.

The visits form part of the AirtelTigo’s leadership team nationwide engagements with staff, distributors and value chain of the company’s business operations in the country.

 

Source: AirtelTigo

MTN GHANA RECORDS GH₵1.1 BILLION FROM ITS IPO

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MTN Ghana has raised Gh₵1,146,589,464.75 of the expected Gh₵3,478,045,900, at the end of the Initial Public Offer (IPO) representing 32.97% of the total Offer amount.

The Offer which ran from 29th May, 2018 to 31st July, 2018 consisted of a public offer of up to 4,637,394,533 ordinary shares of MTN Ghana valued at Gh₵3,478,045,900 at an Offer Price of GHS 0.75 per share (the "Offer Shares"), representing up to 35% of the issued shares of MTN Ghana after the offer.

Even though the figure has fallen short of about 67percent of the target, MTN says with investor demand exceeding the minimum (GHS 347,804,590) required to be raised for the Offer, it can be declared successful.

Speaking at a news briefing in Accra, the Chief Executive Officer (CEO) of MTN Ghana, Selorm Adadevoh said of the 128,152 applicants, 127,826 were Ghanaians; and of the Gh₵1,146,589,464.75 raised under the Offer, Gh₵443,631,446.25, representing 38.69%, was raised from Ghanaians.

He indicated that 499 institutional applicants who bought 1,367,386,080 shares amounting to Gh₵1,025,539,560 represented 89.44percent.

Mr. Adadevoh added that the remaining 127,653 retail applicants who bought a total of 163,088,280 shares amounting Gh₵121,049,904.75 represented 10.56percent.

According to him, 108,434 applicants subscribed through the MTN Mobile Money portal representing 84.6% of the number of applicants.

He noted that the first day of trading of the MTN Ghana shares is expected to be launched on next month September 5.

The CEO emphasized that shareholders will then be able to monitor and trade their MTN Ghana shares by contacting a licensed dealing member of the Ghana Stock Exchange.

Mr. Adadevoh stated that successful applicants will be allotted all the shares they applied for. Applicants with Central Securities Depository (CSD) accounts will have their CSD accounts credited with their allotment by 4th September, 2018 by 5:00pm.

He added that IC Securities will create CSD accounts for successful applicants who did not provide details of their CSD accounts as part of their application, and their respective allotments will be credited to the respective CSD account created for them.

“A number of applicants who applied for shares have received notifications to update their identification documentation ("IDs"). Applicants who have received such notifications should visit any MTN Ghana Service Centre with updated IDs as a matter of urgency,” he posited.

Mr. Adadevoh said as a result of KYC considerations these applicants are required to update their IDs in order to be able to trade their shares from the first day of trading.

“Per the Offer prospectus, an appropriate ID is a valid national passport; a driver's license; a national ID; a national health insurance ID or a voter's ID. Until applicants have updated their information and ID cards, their shares will be held in a nominee account ah he CSD. After the applicants have updated their IDs, their shares will be transferred from the nominee account to their account,” he intimated.

According to him, by raising GHS 1,146,589,464.75 from 128,152 applicants, the Offer makes history as the largest primary share offer in the history of the Ghana Stock.

“This is the largest Offer ever in the history of the Ghana Stock Exchange (GSE). It has doubled the size of all the IPOs put together in the history of GSE,” he posited.

Mr. Selorm Adadevoh indicated that the Offer which ran from 29th May, 2018 to 31st July, 2018 consisted of a public offer of up to 4,637,394,533 ordinary shares of MTN Ghana valued at Gh₵3,478,045,900 at an Offer Price of GHS 0.75 per share (the "Offer Shares"), representing up to 35% of the issued shares of MTN Ghana after the offer.

 

Source: www.modernghana.com

NO COMMUNITY WOULD BE LEFT OUT OF MOBILE CONNECTIVITY - URSULA

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Mrs. Ursula Owusu Ekuful, the Minister of Communication has reiterated government's resolve to extend mobile telephone services to all rural communities across the Country.
She said Ghanaians living in remote communities also deserved to be part of the digitized global community, and that, extending telecommunications infrastructure to those areas was therefore necessary.
Mrs. Ekuful made the observation at Amantia in the Asante-Akim South Municipality, as part of her working visit to the Ashanti Region.
The Minister is in the region to inspect project sites of the Ghana Investment Fund for Electronic Communications (GIFEC) under the Rural Telephony Project (RTP).
She would also acquaint herself with the Community Information Centres (CICs) as well as the School Connectivity Projects, in eight districts in the region.
The Asante-Akim South Municipality has four of the RTPs sites at Amantia, Banka, Bankame-Sunkwa and Gyadam with two CICs at Banso and Obogu.
The Communication Minister said the Ministry through GIFEC was extending mobile telephone services to areas of the country where access were not adequately available.
She said there were areas where licensed operators were unwilling or unable to expand their networks to due to its low commercial viability, adding that, it was the responsibility of government to fill such gaps.
The objective of the RTP, she noted, was to achieve 100 per cent mobile telephone service coverage throughout the country and to increase telephone subscribership to as many citizens as possible.
She said the provision of computers under the School Connectivity Project would facilitate Information Communication Technology (ICT) studies, which was critical to quality education.
Hopeful that the project would help raise standard of education in the area, she urged beneficiary schools to arrange with schools in surrounding communities to also use the facility as a means of reaching out to more pupils.
Mr. Abraham Kofi Asante, the Administrator of GIFEC, said a total of 100 RTP sites had been completed across the country with 29 located in the Ashanti Region.
He said the second phase would see the construction of 200 sites, out of which 30 would be in the Ashanti Region.
Osabarima Tweampomah III, Chief of Banka, commended government for the project, which he said, was a laudable intervention that had addressed many years of communication challenges.

Source: GNA