Canadian multinational conglomerate Rektron Group Incorporated has restated its commitment to acquiring a controlling 60% equity stake in AT Ghana Limited for $150 million, unveiling what it calls a comprehensive and independently validated blueprint to revive the financially distressed telecom operator.
Rektron’s Chief Executive Officer, Atanas Kolarov, said the group is ready to become the strategic investor Ghana has been seeking to rescue AT Ghana, which is weighed down by over $150 million in debt and struggling to maintain its market relevance.
“This is not a speculative initiative, but a meticulously structured, financially robust, and independently validated blueprint for the immediate stabilization and long-term renewal of one of Ghana’s most strategic national assets,” Mr. Kolarov stated.
The proposal is anchored in a Memorandum of Understanding (MoU) signed with the Government of Ghana on May 21, 2025, which outlined the need for a well-resourced partner capable of providing both capital and technical expertise.
Tackling AT Ghana’s debt
Rektron disclosed that it has already opened talks with creditors, securing broad understanding for a lenient restructuring plan. The company noted that creditors are eager to collaborate with both Rektron and the government to stabilize AT Ghana post-acquisition.
The group’s $150 million initial offer will be injected through a mix of cash, credit lines, and guarantees, with additional funding planned after the deal’s completion. The immediate capital will be directed toward debt clearance, infrastructure expansion, and service quality improvements.
Protecting jobs and empowering staff
A central pillar of the plan is job security. Mr. Kolarov assured that all full-time and contractual staff will be retained, while new opportunities will be created as operations expand. Rektron will also partner with Afritel Ghana Limited and K-NET Ghana to train and empower employees with global best practices.
Technology partnerships for scale
Rektron said it intends to leverage Tier-1 global technology vendors to overhaul AT Ghana’s infrastructure. The aim, it noted, is to expand digital access nationwide, reduce data costs, and align services with Ghana’s digital transformation agenda.
“These improvements will enable affordable, high-quality connectivity for customers across all regions—including underserved rural areas,” the company emphasized.
Independent validation
The blueprint has undergone independent scrutiny by KPMG, which affirmed its financial strength, operational viability, and transformative potential. Rektron said this validation underscores the credibility of its proposal to both government and industry stakeholders.
A potential game-changer
If completed, the Rektron–AT Ghana deal would not only rescue a struggling telecom operator but also introduce fresh competition into an industry dominated by MTN and Vodafone. Analysts suggest the move could lower data costs, improve internet speeds, and extend rural coverage, benefitting millions of consumers.
The transaction, however, remains subject to regulatory approval, due diligence, and final financial agreements.
“Rektron remains genuinely interested in implementing this proposal, should the Government see merit in further discussions,” Mr. Kolarov said. “We stand prepared to engage at your convenience.”
Source: The NewsCenta