Canada’s Rektron Group to Acquire 60% Stake in AT Ghana
Canadian multinational conglomerate Rektron Group Inc. has announced its intent to acquire a controlling 60% stake in AT Ghana Limited, signaling its entry into Ghana’s competitive telecommunications market.
The proposed transaction, which remains subject to regulatory approvals and standard due diligence procedures, will see Rektron partner with local telecom firm Afritel Ghana Ltd to drive its Ghana agenda. The deal, once finalised, is expected to bring renewed momentum to AT Ghana’s operations, which have remained under full government ownership since its nationalisation in 2021.
Headquartered in Vancouver, Rektron described the acquisition as part of a broader diversification strategy to increase its presence in emerging markets, particularly across Africa.
“We are excited to take a significant stake in AT Ghana and appreciate the support of the Government of Ghana,” said Atanas Kolarov, CEO of Rektron. “This aligns with our global vision to advance major infrastructure initiatives, foster innovation, and deliver value to consumers throughout the region.”
AT Ghana, formerly AirtelTigo, currently serves over 2.3 million subscribers nationwide. The planned capital injection by Rektron and operational partnership with Afritel are expected to drive significant upgrades in infrastructure and service delivery.
Afritel Ghana, led by seasoned telecom executive Nana Richmond Aggrey—co-founder of Scancom Ghana (now MTN)—is expected to play a key role in localising the venture and delivering sector expertise.
“This partnership marks a major milestone in our mission to advance telecommunication services in Ghana,” said Mr. Aggrey. “Through our strategic collaboration with Rektron, bringing global best practices, strategic investment, and next-generation infrastructure, we will strengthen our mobile network, expand nationwide coverage, and modernise service delivery.”
Rektron noted that its collaboration with the Government of Ghana was formalised through the signing of a Memorandum of Understanding (MoU) on May 21, 2025. The company cited Ghana’s growing appetite for digital connectivity and solutions as a key investment attraction, underscoring its confidence in the market’s long-term viability.
While specific financial terms were not disclosed, industry analysts expect the acquisition—once approved—to usher in increased competition, innovation, and consumer choice in the telecom sector, which is currently dominated by MTN Ghana.
