Bharti Airtel to exit Ghana business

Bharti Airtel Ltd will sell 100% shares of its Ghana business for ₹184 crore to the country’s government, which will acquire customers, assets and agreed liabilities, the Sunil Mittal company said in a statement on Tuesday.

The Ghana government and AirtelTigo, the telco’s Ghana unit, are in advance stages of conclusion of the agreement for transfer of the latter as a going concern.

“Airtel is voluntarily taking an impairment charge of ₹1,841 million ( ₹184 crore),” it said.

AirtelTigo is a joint venture between Airtel and Millicom International Cellular SA. India’s second largest telecom operator holds a non-controlling 49.95% share in AirtelTigo.