{"id":352261,"date":"2017-09-11T06:00:17","date_gmt":"2017-09-11T06:00:17","guid":{"rendered":"http:\/\/citifmonline.com\/?p=352261"},"modified":"2017-11-10T11:59:18","modified_gmt":"2017-11-10T11:59:18","slug":"nca-yet-to-approve-tigo-airtel-merger","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2017\/09\/nca-yet-to-approve-tigo-airtel-merger\/","title":{"rendered":"NCA yet to approve Tigo, Airtel merger"},"content":{"rendered":"
The proposed merger between Airtel and Tigo is expected to linger until such a time that the two companies complete the necessary regulatory processes with the National Communications Authority (NCA).<\/p>\n
The two entities officially announced the decision to merge in March 2017.<\/p>\n
But latest information from the NCA indicates that the process is yet to be completed, six months after the announcement.<\/p>\n
In a response to an email request from\u00a0Citi Business News<\/strong>, the NCA confirmed that it has received a joint application for a merger between Airtel Ghana Limited and Millicom Ghana Limited operators of Tigo.<\/p>\n The NCA also says it has since reviewed the joint application.<\/p>\n The regulator however says the two networks are in the process of furnishing it with some further details on the requirements for the merger.<\/p>\n It is unclear what requirements the regulator is seeking that the companies abide by but the NCA is expected to give its approval for the merger after a final review of the particulars requested for.<\/p>\n The parent company of Airtel and Tigo in March this year announced the merger between the two entities.<\/p>\n Under the agreement, both companies will own equal shares.<\/p>\n