Canada-based Rektron Group to acquire major stake in Ghana's AT Ghana

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

This acquisition marks Rektron's entry into Ghana's telecom sector. They will partner with Afritel Ghana Limited, a local firm.

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

Rektron aims to diversify its global infrastructure portfolio. They want to strengthen their presence in emerging markets like 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 infrastructure initiatives and consumer value.

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. Since then, it has been fully government-owned.

Rektron will collaborate closely with Afritel Ghana. Afritel was founded by Nana Richmond Aggrey, a pioneer in Ghana’s mobile sector.

The partnership aims to combine global capital with local expertise. This collaboration is expected to enhance telecommunication services in Ghana.

Aggrey highlighted that they will modernize service delivery and expand coverage. Improvements will lower mobile data costs while increasing speed and reliability.

They aim to provide affordable connectivity across all regions of Ghana. This will empower Ghanaians to participate in the digital economy.

Rektron believes this acquisition supports building resilient ecosystems across sectors. They see AT Ghana’s market presence as a foundation for long-term growth.

The investment will help AT Ghana develop its infrastructure further. The Government of Ghana supports this deal fully.

A Memorandum of Understanding was signed on May 21, 2025. This outlines the framework for the transaction between the parties involved.

Rektron noted that Ghana's digital landscape is rapidly expanding. There is growing demand for data services and fintech solutions in the country.

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

Rektron cautioned that there is no guarantee the acquisition will close successfully.

Listed on Canadian Securities Exchange and Frankfurt Stock Exchange, Rektron traditionally invests in energy and infrastructure projects globally.