KPMG to lead AT Ghana–Telecel merger
The Government has appointed global consultancy firm KPMG as transaction advisor to oversee the proposed merger between AT Ghana (formerly AirtelTigo) and Telecel Ghana, in a move aimed at reshaping the country’s telecommunications landscape.
The Minister for Communications, Digital Technology and Innovations, Sam Nartey George, announced the appointment at a press conference in Accra on Friday, 5 September 2025.
He said the decision aligns with the government’s broader objective of creating a second strong mobile operator to counterbalance the dominance of the leading player in the sector and ensure greater consumer choice.
“The government has appointed KPMG as transaction advisor to guide the future of AT, with the goal of building a strong competitor to rebalance the mobile market,” Mr George stated.
KPMG’s Mandate
KPMG’s advisory role will include conducting a comprehensive review of the government’s shareholding in Telecel Ghana, as well as structuring the merger process to guarantee compliance with regulatory standards.
The firm has been given 60 days to deliver its recommendations and outline strategies for improving service delivery, strengthening competition and enhancing customer experience.
Mr George emphasised that the government is determined to avoid a further concentration of market power, which he said undermines innovation and consumer welfare.
“We cannot allow a situation where one player continues to dominate. This transaction is about building a strong, credible alternative,” he stressed.
Job Security Assurances
Addressing concerns among workers, the Minister reassured employees of AT Ghana that their jobs remain secure despite the impending restructuring.
“Approximately 300 permanent staff of AT will maintain their employment. I have already met with them and given that assurance. The transaction advisor has also been instructed to consider the fate of the 200 contract staff,” he said.
Mr George added that the government would insist on a transition plan that prioritises staff welfare, given the crucial role employees play in ensuring network quality and customer satisfaction.
Market Implications
Industry analysts say the planned merger has the potential to transform Ghana’s telecommunications market, which has long been skewed by the dominance of a single operator.
A stronger second competitor could spur innovation, reduce data and call costs, and expand service coverage, particularly in underserved areas.
If successful, the partnership between AT Ghana and Telecel Ghana, supported by KPMG’s technical expertise, could mark a significant turning point for consumers and investors in the industry.
“This is about giving Ghanaians choice, fairness and value in telecommunications,” Mr George added.
