Canadian conglomerate Rektron Group Incorporated has reaffirmed plans to acquire a controlling 60% stake in AT Ghana Limited for $150 million, unveiling what it calls a “comprehensive and independently validated” blueprint to rescue the debt-ridden telecom operator.
Rektron’s Chief Executive Officer, Atanas Kolarov, said the move represents a strategic and well-structured plan to stabilize and revive AT Ghana, which is saddled with more than $150 million in debt and struggling to maintain market relevance. The group’s $150 million offer marks the initial investment, with further capital injections expected after the deal’s completion.
“Our plan 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 said.
Tackling Debt and Securing Capital
Rektron confirmed it has begun negotiations with creditors, securing broad agreement on a lenient restructuring package. The company has also arranged a $150 million injection through a mix of cash, credit lines, and guarantees to clear operational debts, expand infrastructure, and improve service quality.
Protecting Jobs and Strengthening Local Partnerships
The Canadian firm pledged to retain all full-time and contractual staff while working with local partners such as Afritel Ghana Limited and K-NET Ghana to provide training and exposure to global best practices. “These tireless individuals have been the silent architects upholding the company’s functionality,” Mr. Kolarov said.
Technology Upgrades and Independent Validation
Rektron intends to leverage alliances with Tier-1 global vendors to overhaul AT Ghana’s infrastructure, promising cheaper data, better service, and expanded rural coverage in line with Ghana’s digital transformation agenda. The plan has been independently reviewed by KPMG, which affirmed its viability and long-term potential.
A Potential Telecom Game-Changer
If approved, the deal could inject fresh competition into a market dominated by MTN and Vodafone, potentially lowering data costs and boosting connectivity nationwide. Analysts say it could also restore investor confidence and secure thousands of jobs.
The agreement, anchored in a May 2025 Memorandum of Understanding with the Government of Ghana, remains subject to regulatory approval, due diligence, and final negotiations. Rektron has requested clarity from government but says it is ready to engage at any time.
