Rektron Group Reaffirms $150m Offer for AT Ghana, Unveils Debt-Rescue Blueprint
Canadian multinational conglomerate, Rektron Group Incorporated, has reiterated its intention to acquire a controlling 60 percent equity stake in AT Ghana Limited for $150 million, unveiling what it calls a comprehensive and independently validated plan to revive the debt-ridden telecom operator.
The proposal, reaffirmed by Rektron’s Chief Executive Officer, Atanas Kolarov, positions the group as the strategic investor Ghana has been seeking to stabilize AT Ghana, which is saddled with more than $150 million in debt and struggling to retain market relevance.
“This is not a speculative initiative, but a meticulously structured, financially robust, and independently validated blueprint for the immediate stabilization and long-term renewal of one of Ghana’s most strategic national assets,” Mr. Kolarov stated.
Debt restructuring and capital injection
Rektron disclosed that it has initiated negotiations with creditors, securing broad understanding for a lenient restructuring arrangement. According to the group, this removes the primary obstacle to AT Ghana’s survival.
The firm has also drawn up financial arrangements for a $150 million capital injection through cash, credit lines, and guarantees, with funds to be deployed immediately upon completion of the acquisition. The capital will be directed towards infrastructure expansion, service quality enhancement, and debt clearance.
Rektron assured that all full-time and contractual staff of AT Ghana will be retained, with additional opportunities created as operations expand. It pledged to work with local partners—including Afritel Ghana Limited and K-NET Ghana—to provide training, skills development, and global best practice exposure for employees.
“We are profoundly aware that these tireless individuals, often operating under immense pressure and constraint, have been the silent architects upholding the company’s functionality,” Mr. Kolarov emphasized.
The Canadian group intends to leverage partnerships with Tier-1 global technology vendors to modernize AT Ghana’s network infrastructure. This, it said, will enhance digital access nationwide, reduce mobile data costs, and improve service quality, in line with Ghana’s digital transformation agenda.
To boost confidence in its proposal, Rektron revealed that KPMG independently reviewed and validated its blueprint, affirming the plan’s financial soundness and transformative potential.
A game-changer for the telecom sector
If approved, analysts say the Rektron–AT Ghana transaction could reintroduce competitive dynamism into Ghana’s telecom market, currently dominated by MTN and Vodafone. Improved services and expanded rural coverage could drive lower data prices and faster internet speeds, benefiting millions of consumers.
For Ghana’s economy, the acquisition could restore investor confidence, protect jobs, and strengthen digital infrastructure at a time when connectivity is critical to growth and competitiveness.
The deal is subject to regulatory approval, due diligence, and final financial agreements. Rektron has requested clarity from the government on its position but signaled readiness to engage further.
“Rektron remains genuinely interested in implementing this proposal, should the Government see merit in further discussions,” Mr. Kolarov said.
