AT Ghana gets Canadian investor, Rektron Group

Rektron Group Incorporated, a Canadian multinational, plans to acquire 60% of AT Ghana Limited. This telecommunications company is currently owned by the government of Ghana.

Techfocus24 reports that Rektron will pay over US$100 million for this stake. This acquisition marks Rektron’s entry into Ghana's telecom sector. They are partnering with Afritel Ghana Limited, which operates as AT Ghana.

The announcement was made on June 4, 2025, from Vancouver. The deal requires regulatory approval and due diligence completion.

Rektron aims to diversify its global infrastructure portfolio. They want to deepen their presence in emerging markets, especially Africa.

Atanas Kolarov, CEO of Rektron, expressed excitement about the acquisition. He thanked the Government of Ghana for their support.

Kolarov stated that this aligns with their vision for major infrastructure initiatives. They aim to foster innovation and deliver value to consumers in the region.

AT Ghana serves over 2.3 million customers nationwide. It offers voice, data, mobile financial services, and enterprise connectivity solutions. The company was nationalized in 2021 after previous shareholders exited.

Rektron will collaborate closely with Afritel Ghana. Nana Richmond Aggrey founded Afritel and is a pioneer in Ghana’s mobile sector.

The Rektron-Afritel partnership combines global capital with local expertise. Aggrey called this partnership a major milestone for telecommunication services in Ghana.

He emphasized that they will strengthen the mobile network and expand coverage nationwide. Improvements will reduce mobile data costs while increasing speed and reliability.

This initiative aims to provide affordable connectivity across all regions of Ghana. It seeks to empower Ghanaians to participate fully in the digital economy.

Rektron believes this acquisition supports its vision for resilient ecosystems across critical sectors. They see AT Ghana's established market presence as a foundation for long-term growth.

The Government of Ghana supports this deal fully. A Memorandum of Understanding was signed on May 21, 2025, outlining the transaction framework.

Rektron noted that Ghana's expanding digital landscape drives growth in telecoms investment. The country has increasing demand for data services and fintech solutions.

However, several conditions must be met before finalizing the acquisition. These include satisfactory due diligence and regulatory approvals.

While working towards closing the deal, Rektron cautioned there are no guarantees it will happen.

Rektron Group is listed on both the Canadian Securities Exchange and Frankfurt Stock Exchange. Traditionally, they invest in energy and infrastructure projects across emerging markets.