In this pandemic period, almost everyone on this earth has bear losses only; there are small losses while some are big, and some are even massive losses. Whether it’s an individual, a startup, or a company, most of them have to bear losses in some or other way. Some people and companies have even got bankrupt due to this pandemic.
GDPs of most countries have been hit very badly, and all is an all-time low, and now even the biggest GDPs like America are saved from it. Even America has to bear losses of billions of dollars. Still, it has now started recovering as everything is becoming better day by day, and it is expected that soon this pandemic will get permanently over.
Many companies like Microsoft and Dropbox have even announced work from home permanently, and some have companies like Google and Amazon has extended the work from the home feature for a long time. For them, their employees’ safety is their priority, and this their decision is very much appreciated by the people throughout the globe.
We would also like to know your opinions about this work from home facility, is it good to extend it permanently. Will it have a good impact or a bad impact on the health and mental fitness of the people. We would surely like to know your opinions on this so definitely comment on it.
Now, I would like to throw light on the main topic of the article. After reading which you have come to this site, the main topic, and we know you are eager to know about the reasons behind it. So without wasting your time, we would like to begin sharing the details about this topic, which we have gathered from our sources.
The Indian telecommunication company, Airtel, which is owned by Bharti Enterprises(64%) and Singapore Telecommunications Limited(36%), is going to sell its Ghana business, which is AirtelTigo, to the Ghana government for Rs 184.6 crores approx. Airtel owns the 49.95 non-owner rights of this company, and it is selling all his stakes to the government.
This drastic step is taken by Airtel because, day by day, their user base is decreasing, and they have slipped down to lower positions from the second largest telecommunication company in Ghana. As they face some big losses and believe that with the speed with which their user base is decreasing soon, it will completely vanish.
As they can’t bear such huge losses when they know the results are zero, hence they are selling all their stakes in the company to the Ghana government, so all the stakes, assets, customer base, and everything else will shift to the Ghana government, and this deal is expected two be finalized within a few weeks between both the parties.
Ghana will be the first country where Airtel has exited, and this is due to the even competition and poor facilities to the Ghana citizens. Also, in India, Airtel is not going so well, and most of the people are shifting from Airtel to Jio, and this doesn’t seem to be excellent news for the Airtel owners, employees, shareholders, and others.
