Rektron Group Incorporated, a Canadian multinational conglomerate, has announced what it calls a thorough and independently verified plan to rescue the financially troubled telecom operator, and it has reiterated its intention to pay $150 million for a controlling 60% equity stake in AT Ghana Limited.
Atanas Kolarov, the CEO of Rektron, reaffirmed the news, positioning the organization as the strategic investor Ghana has been looking for to save AT Ghana, a business battling to stay relevant in the market and saddled with more than $150 million in debt.
A well-organized strategy for recovery
The $150 million offered by Rektron is the first attempt to purchase the promised 60% equity position in AT; after this initial funding is completed, further money is anticipated to be injected.
“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 of Rektron’s plan.
The plan is based on the Memorandum of Understanding (MoU) that was signed on May 21, 2025, with the Government of Ghana. This MoU called for the entry of a strategic partner with adequate resources who could supply both technical know-how and capital.
Rektron contended that their strategy tackles the underlying causes of AT Ghana’s decline rather than just its symptoms, in contrast to the temporary regulatory remedies implemented by the Ministry of Communications to protect consumers from service interruptions.
Taking up the debt load
The growing debt of AT Ghana has been the most pressing issue. In order to secure a broad understanding for a mild restructuring plan, Rektron indicated that it has initiated positive conversations with creditors.
“These creditors have expressed eagerness to collaborate with Rektron and the government to stabilize and grow AT Ghana post-acquisition,”
“This effectively addresses the primary barrier to the company’s survival and opens the path towards a sustainable and prosperous future.” the company clarified.
$150 million in capital investment
Through a combination of cash, credit lines, and guarantees, Rektron has arranged financial arrangements to provide a $150 million capital injection.
The group claims that this removes the uncertainty usually connected with drawn-out merger procedures and offers financial certainty.
AT Ghana will be able to support vital areas including infrastructure development, service quality enhancement, and operational debt repayment with the prompt deployment of funds.
Preserving employment and empowering employees
Rektron’s dedication to the AT Ghana staff is one of its most resolute promises. The CEO emphasized that the business would keep all of its full-time and contract employees while simultaneously opening up new opportunities as its operations grow.
“We are profoundly aware that these tireless individuals, often operating under immense pressure and constraint, have been the silent architects upholding the company’s functionality,” Mr. Kolarov mentioned.
Through new training, skill development, and exposure to international best practices, Rektron intends to collaborate closely with local partners, such as Afritel Ghana Limited and K-NET Ghana, to guarantee that staff members are not only retained but also empowered.
Collaborations in technology for scale
In order to revamp AT Ghana’s infrastructure, Rektron plans to take use of partnerships with Tier-1 international technology suppliers.
Through partnerships with Tier-1 international technology suppliers, Rektron hopes to modernize AT Ghana’s infrastructure.
In keeping with Ghana’s objectives for digital transformation, the project is anticipated to increase digital access nationwide, lower mobile data costs, and improve service quality.
“These improvements will enable affordable, high-quality connectivity for customers across all regions—including underserved rural areas,”Rektron highlighted this, presenting its approach as a driving force behind the socioeconomic advancement of the country.
Independent confirmation from KPMG
Rektron revealed that its plan had been independently examined by KPMG, which confirmed its operational viability, transformative potential, and strategic soundness in order to increase confidence in them.
This confirmation, according to Rektron, demonstrates the strength of its vision for Ghana’s digital future and gives players in the government and business sector confidence.
Staying away from complicated options
The Canadian firm also subtly made fun of rival scenarios, especially ones that would involve connections between AT Ghana and other companies in the sector, such Telecel.
The “formidable challenges—deeper integration complexities, incompatibility pitfalls, and structural inefficiencies—that could impede Ghana’s pursuit of a swift and sustainable digital transformation” are the risks associated with such solutions, Rektron said.
Rather, Rektron characterized its approach as targeted, realistic, and feasible, providing Ghana with a route to digital autonomy and sustained telecom sector stability.
The function of local partners and K-NET
Rektron’s strategy heavily relies on integrating its extensive local knowledge with its worldwide capital and experience.
Richard K. Hlomador, founder of K-NET, a cutting-edge provider of satellite teleport and network solutions, and Afritel Ghana, under the leadership of seasoned telecom entrepreneur Nana Richmond Aggrey, were also acknowledged by the organization.
With these partnerships, Rektron aims to create a strong ecosystem that combines Ghanaian industrial knowledge and entrepreneurial expertise with global technology and financial might.
A possible revolution for the telecom industry
Should the Rektron–AT Ghana agreement be finalized, it will not only save a beleaguered telecom provider but also introduce fresh competition to Ghana’s telecom market, which is presently controlled by MTN and Vodafone.
Millions of customers might eventually gain from reduced data rates, faster internet speeds, and increased rural coverage brought about by AT Ghana’s new investment and enhanced offerings, according to analysts.
At a time when connectivity is becoming more and more tied to competitiveness and national growth, the planned acquisition is expected to boost Ghana’s economy by regaining investor trust, protecting thousands of jobs, and fortifying the nation’s digital infrastructure.
Next actions
Final financial agreements, due diligence, and regulatory permission are still pending.
Rektron has asked the government to clarify its stance on the acquisition, but it has reaffirmed that it is always willing to participate in a positive way.
“Rektron remains genuinely interested in implementing this proposal, should the Government see merit in further discussions, we stand prepared to engage at your convenience.” Mr. Kolarov said.
