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Canadian multinational Rektron Group Incorporated has reaffirmed its intention to acquire a 60% controlling stake in AT Ghana Limited for $150 million, unveiling what it describes as a comprehensive, independently validated blueprint to rescue the struggling telecom operator.
Rektron’s Chief Executive Officer, Atanas Kolarov, announced that the group’s plan goes beyond a financial lifeline, positioning Rektron as the strategic investor Ghana needs to stabilise one of its most critical national assets. AT Ghana is currently saddled with over $150 million in debt and facing dwindling relevance in the competitive telecom sector.
“This is not a speculative initiative but a meticulously structured, financially robust, and independently validated blueprint for the immediate stabilisation and long-term renewal of AT Ghana,” Kolarov said.
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The $150 million injection—comprising cash, credit lines, and guarantees—will be deployed immediately after the acquisition to address debt obligations, improve service quality, and expand infrastructure. Rektron has already opened negotiations with AT Ghana’s creditors, securing broad understanding for a lenient restructuring plan.
A central pillar of Rektron’s proposal is a commitment to AT Ghana’s workforce. Kolarov pledged that all full-time and contractual staff will be retained, with new opportunities created as operations expand. Partnerships with local firms Afritel Ghana Limited and K-NET Ghana will be leveraged to provide training, skills development, and global exposure for employees.
“These tireless individuals, often operating under immense pressure, have been the silent architects upholding the company’s functionality. They deserve not only security but empowerment,” Kolarov said.
Rektron plans to overhaul AT Ghana’s infrastructure through alliances with Tier-1 global technology vendors, aiming to deliver affordable, high-quality connectivity across the country, including underserved rural areas. The initiative aligns with Ghana’s digital transformation agenda, with promises of reduced data costs, faster internet speeds, and wider coverage.
The blueprint has undergone independent validation by KPMG, which affirmed its strategic and operational viability. Rektron contrasted its plan with competing proposals—such as potential linkages with other telecom operators—which it argued could introduce integration hurdles and inefficiencies.
Rektron stressed its blend of global capital and expertise with Ghanaian entrepreneurial insight, citing its partnerships with Afritel Ghana, led by telecom veteran Nana Richmond Aggrey, and Richard K. Hlomador, founder of K-NET.
Through this collaboration, Rektron says it can build a resilient ecosystem that restores AT Ghana’s competitiveness against industry giants MTN and Vodafone while spurring broader economic benefits such as job protection, investor confidence, and strengthened digital infrastructure.
The proposal is anchored in a May 21, 2025, Memorandum of Understanding signed with the Government of Ghana, which envisioned the entry of a well-resourced strategic partner. Rektron has urged government clarity on the deal but emphasised its readiness to proceed.
“Rektron remains genuinely interested in implementing this proposal, should the Government see merit in further discussions,” Kolarov concluded. “We stand prepared to engage at your convenience.”
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