Millicom Ghana (trading as Tigo) has agreed to sell approximately 750 towers to Helios Towers Ghana (HTG), a direct subsidiary of Helios Towers Africa. As a result of the transaction, Tigo Ghana will retain a minority interest in Helios Towers Ghana (HTG).
Additionally, Tigo Ghana and Helios Towers have entered into a long term leasing agreement where Helios Towers will provide Tigo Ghana with wireless communications towers, including a build-to-suit agreement to support the company’s wireless networks. Helios Towers will seek similar agreements with other operators in Ghana. The transaction is expected to create savings in both capital and operating expenditure for Tigo Ghana. Read the rest of this entry »
As an indication of optimism in the market, leading companies like Ecobank, Halliburton, and Total will be congregating in London to secure talented professionals for their operations across Africa at the Careers in Africa Recruitment Summit from 30 October to 1 November.
Splash Mobile Money Limited (”Splash”), a leading mobile payment system provider, and MoreMagic Solutions, a leading mobile transactions provider, recently announced the availability of Sierra Leone’s first mobile money transfer system, enabled by MoreMagic Solutions’ industry-leading MWallet platform, and designed for African markets.
Ghana has been a pioneer in African telecommunications. Ghana launched the first cellular mobile network in sub-Saharan Africa in 1992. Ghana was among the first countries in Africa to be connected to the Internet and to introduce ADSL broadband services, and it has been involved in leading the way in market liberalization and deregulation, with its privatization of Ghana Telecom (GT) in 1996. 
Africell Holding SAL, a member of Lintel group, and Millicom International Cellular SA (”Millicom”) (Nasdaq Stock Market: MICC and Stockholmsbörsen: MIC) yesterday (28th July 2009) signed an agreement regarding the acquisition of Millicom (SL) Limited, Millicom’s GSM operations in Sierra Leone. Completion of the transaction is subject to certain regulatory approvals and procedures.
