- Communications Minister Samuel Nartey George has dismissed reports suggesting that the ongoing restructuring between AT Ghana and Telecel Ghana amounts to a merger or acquisition.
- Speaking at a press briefing, he clarified that the move is a temporary regulatory intervention triggered by a force majeure situation, not a corporate consolidation.
- The government has appointed transaction advisors to chart a long-term path forward, while assuring workers and subscribers that no jobs or services will be lost.
The restructuring of AT Ghana and Telecel Ghana is not a merger, and it’s not an acquisition. That’s the firm message from Communications Minister Samuel Nartey George, who addressed growing speculation at a press conference in Accra on September 5.
“This is a force majeure situation,” he said, referring to the emergency regulatory intervention prompted by AT Ghana’s mounting debt and service disruptions. The Minister emphasized that the government’s role is to stabilize the telecom sector—not to consolidate it.
His comments follow earlier announcements that AT Ghana and Telecel would combine operations to form a more resilient network. But Sam George insists the move is temporary and driven by necessity, not strategy.
To guide the process, the government has appointed transaction advisors tasked with reviewing AT Ghana’s financial health, assessing outstanding debts, and recommending a sustainable path forward. Their report will determine the future of the company—including whether any formal merger discussions should happen at all.
Meanwhile, the Minister assured AT Ghana employees that their jobs are safe. “This is not a re-application process,” he told staff at a recent durbar. “Every contract continues unless you choose to leave.”
Customers, too, have been promised uninterrupted service. The national roaming agreement with Telecel ensures that AT’s voice, data, SMS, and mobile money services remain active—even as the company navigates its financial crisis.
Sam George urged stakeholders—including suppliers, creditors, and subscribers—to remain calm and await the advisors’ final recommendations. “No company is being absorbed,” he said. “We’re managing a crisis, not merging empires.”
