On October 13, 2017, the Managing Director of Tigo, Roshi Motman, was named as the new CEO of  the merged  entity, following the resignation of the MD of Airtel, Lucy Quist

[contextly_sidebar id=”AHI4n7DalPzxuJw6Wc6D57fHn8BwcFh1″]Even though the merged entity is yet to come out with a new directive on the number of workers that will be retained, some have begun making moves to exit the entity.

According to them, the new entity has created a situation that may require one person occupying some top management positions even though the two companies already have people in those positions.

For example, it was known that the merged entity will have one Chief Executive Officer, hence the exit of the CEO of Airtel , Madam Lucy Quist.

The situation is expected to run through the top management positions of the new entity.

Labour Expert, Austin Gamey, believes the need to cut down on the workforce may be due to new strategies.

All over the world, mergers and takeovers among business entities have brought some level of restructuring that have left some workers losing their jobs.

On August 3rd 2008, global telecom company Vodafone, acquired 70 percent stake in Ghana telecom.

The move resulted in a massive restructuring that left some workers being laid off, but made the company much stronger and more profitable.

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By: Lawrence Segbefia/citibusinessnews.com/Ghana

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The two companies, Millicom International Cellular SA [Tigo], and Bharti Airtel, commenced talks in 2016, but finalized it in 2017.

[contextly_sidebar id=”mRbqcUZnW8pDxRoBJCK76A1MJejscK2s”]Per the agreement, Millicom and Airtel would have equal ownership and governance rights in the combined entity.

The combined business is expected to serve nearly 10 million customers, of which 5.6 million are data customers.

The move, which is also aimed at providing about 80% of Ghana’s population with high speed data, providing the widest 3G coverage across the country, has revenue of about $300m.

Meanwhile, a statement from the two entities said the transaction is subject to obtaining approval from the relevant authorities in Ghana, and the satisfaction of customary closing conditions.

By integrating the two networks, the combined business is expected to provide Ghanaian customers with a major boost in both rural and urban network coverage –in turn translating into better voice quality, high speed data services and reinforced network stability and resilience.

“With the combined fibre footprint and increased data centres, enterprise customers including both, large corporations and SMEs, would have access to a diverse portfolio of world class solutions. Mobile Financial Services is also expected to be greatly enhanced with combined agent networks and platforms,” the statement added.

The merger is expected to push the new entity to be the second biggest telecom operator in Ghana.

Mohamed Dabbour, Executive Vice President, Millicom Africa at the signing in ceremony said: “In a highly fragmented telecom market, this deal represents a major milestone for our business in Ghana. The combination of Tigo and Airtel will create an operator that will be ableto offer Ghanaian consumers and businesses a state of the art network with high speed mobile data coverage. This transaction underlines confidence in the Ghanaian economy, and provides the opportunity to develop nationwide digital infrastructure and services in Ghana.”

Raghunath Mandava, MD and CEO, Airtel Africa, said: “The agreement highlights our commitment to the Ghana market and our customers. The coming together of the two entities will benefit customers, who can now enjoy an extensive combined network and a wider range of affordable and innovative products and services. It will further strengthen our position in the market and offer huge benefits arising out of synergies in operations, resulting in better experience for the customers.”

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By: Godwin A. Allotey/citifmonline.com/Ghana
Follow @AlloteyGodwin

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The contraption – with two small wheels at the back and one at the front – is the brainchild of He Liang, a farmer from Hunan Province, reports the Taiwan-based Want China Times.

It can carry up to two passengers, cover distances of up to 60km (37 miles) and maintain a speed of up to 20km/h (12mph). It’s powered by a rechargeable lithium battery and can be steered with handlebars when seated.

The special suitcase, which He has spent 10 years developing, is dubbed the City Cab.

There is apparently just as much space to keep your clothes as with normal luggage and when it’s empty it weighs just 7kg (15lb).

The newspaper says City Cabs has now been patented as a multi-functional travel device, and He is hoping to see it on the road soon.

Source: BBC

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