0
General

Millicom divests Tanzania and Ghana operations to complete Africa exit

Monday 19 April 2021 | 10:10 CET | News
Emerging markets telecommunications group Millicom, owner of Tigo-branded operations across Latin America and Africa, has confirmed agreements to sell its Tanzania and Ghana units as part of a multi-year plan to divest its African operations and focus on Latin America. In Tanzania, Millicom has agreed to sell its entire operation for an undisclosed sum to a consortium led by Axian, a Madagascar-based group that was part of the consortium that acquired Millicom's operations in Senegal in 2018.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Airtel / AirtelTigo / Bharti Airtel / Millicom / Tigo / Tigo Tanzania
Countries: Africa / Latin America
::: add a comment
This article is part of dossier

Coronavirus


Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Millicom revenues up 12% to USD 1.1 bln in Q2, resumes share buyback

Published 29 Jul 2021 12:30 CET | Latin America
Millicom, owner of Tigo-branded operations across Latin America and Africa, reported a 12.3 percent year on year rise in revenues ...

Ericsson awarded USD 135 mln Millicom LatAm network upgrade deal

Published 08 Jul 2021 14:14 CET | Bolivia
Emerging markets telecommunications group Millicom, owner of Tigo-branded operations across Latin America, said it will be ...

Millicom confirms sale of Helios Towers stake

Published 31 May 2021 09:13 CET | Africa
Emerging markets telecommunications group Millicom, owner of Tigo-branded operations across Latin America and Africa, said it has ...

Millicom partners with Parallel Wireless on first LatAm Open RAN rollout

Published 12 May 2021 14:53 CET | Colombia
Millicom, owner of Tigo-branded operations across Latin America, said it will become the first operator in the region to deploy ...

Millicom elects three new non-executive directors

Published 05 May 2021 09:00 CET | Latin America
Millicom, owner of Tigo-branded operations across Latin America and Africa, announced that its shareholders approved the election ...

Millicom rebrands Cable Onda as Tigo Panama

Published 03 May 2021 13:39 CET | Panama
Millicom has announced the rebranding of its Cable Onda brand as Tigo just over two years after it completed the acquisition of ...

Millicom returns to growth in Q1, adds another 1 mln mobile clients

Published 29 Apr 2021 14:15 CET | Latin America
Millicom, owner of Tigo-branded operations across Latin America and Africa, reported a 0.1 percent year on year rise in revenues ...

Millicom launches environmental initiatives, joins Million Trees Miami programme

Published 28 Apr 2021 13:48 CET | Latin America
Millicom, owner of Tigo-branded operations across Latin America, said it has launched various Earth Week initiatives throughout ...

Axian Group to invest USD 500 mln in Tanzania

Published 28 Apr 2021 10:01 CET | Tanzania, United Republic of
Axian Group intends to invest USD 500 million in Tanzania following the purchase of telecommunication assets there, and is ...

Ghanaian minister says Airtel may return to Ghana in future

Published 27 Apr 2021 10:16 CET | Ghana
Bharti Airtel may be returning to Ghana in the future, managers of the company have disclosed to government, Joy Business ...

Tigo to open first Bolivian data centre in Santa Cruz

Published 26 Apr 2021 10:16 CET | Bolivia
Millicom, owner of Tigo-branded operations across Latin America, said it will be inaugurating its first data centre in Bolivia at ...

Airtel Africa signs new USD 500 mln loan facility for refinancing

Published 21 Apr 2021 10:51 CET | Africa
Airtel Africa said it has signed a new USD 500 million loan facility with a group of relationship banks. The company said it is a ...

JP Morgan completes sale of 50 mln Airtel Africa shares

Published 19 Apr 2021 14:56 CET | Africa
JP Morgan Securities says it sold 50 million ordinary shares in Airtel Africa at GBP 0.75 per share on 14 April. The placing ...

Millicom proposes three new non-executive directors ahead of May AGM

Published 16 Mar 2021 08:52 CET | Latin America
Millicom, owner of Tigo-branded operations across Latin America and Africa, announced that its nomination committee proposed the ...

Tanzanian regulator fines 6 operators TZS 38 bln for poor service, orders them to reinvest sum in improvements

Published 19 Feb 2021 11:30 CET | Tanzania, United Republic of
The Tanzania Communications Regulatory Authority (TCRA) has fined six mobile phone companies a total of TZS 38.1 billion for poor ...

Millicom slows revenue decline to 5% in Q4, LatAm customers up 5%

Published 11 Feb 2021 14:21 CET | Latin America
Millicom, owner of Tigo-branded operations across Latin America and Africa, reported a 5.3 percent year on year decline in ...

Tanzanian telecom operators sign TZS 6 bln deal with universal services fund

Published 28 Jan 2021 10:59 CET | Tanzania, United Republic of
Tanzania's three telecommunication firms have signed a TZS 6 billion contract with the Universal Communications Service Access ...

Tigo and Nokia to carry out 5G pilot in Medellin

Published 08 Dec 2020 14:42 CET | Colombia
Tigo (Millicom) has become the latest Colombian operator to launch a trial of 5G technology ahead of next year's tender of ...

Lesina named Millicom Executive VP, Chief External Affairs Officer

Published 02 Nov 2020 16:02 CET | Latin America
Millicom, owner of Tigo-branded operations across Latin America and Africa, has announced the appointment of Karim Lesina as its ...

Millicom third-quarter revenues down 6.5% YoY, customer base up 2%

Published 30 Oct 2020 11:59 CET | Latin America
Millicom, owner of Tigo-branded operations across Latin America and Africa, reported a 6.5 percent year on year fall in revenues ...

Millicom launches EUR 500 mln senior notes offering

Published 19 Oct 2020 15:46 CET | Latin America
Millicom has announced plans to sell EUR 500 million of senior notes due in 2031 in a private offering. In a short statement, the ...

Millicom Q2 revenues down 8% to USD 970 mln, hit by lockdowns and forex

Published 30 Jul 2020 14:29 CET | Latin America
Millicom's revenues turned negative in the second quarter of 2020 following recent rises, with the company reporting an 8.0 ...

Tigo Tanzania overhauls top-up service

Published 24 Jun 2020 10:52 CET | Tanzania, United Republic of
Tigo Tanzania has revamped the electronic recharge service whereby customers can buy airtime and packages from Tigo shops and ...

Millicom revenues up 5% YoY, sheds 400,000 mobile clients in Q1

Published 30 Apr 2020 15:05 CET | Latin America
Millicom reported revenues up 5.1 percent to USD 1.50 billion in the first quarter of 2020, aided by recent acquisitions in ...

Tigo Tanzania introduces cross-border mobile money for East Africa region

Published 21 Apr 2020 17:00 CET | Tanzania, United Republic of
Tigo Tanzania has launched a service that allows Tigo Pesa customers to send and receive cash on their mobile money wallets from ...

Tigo Tanzania restores Tigo Pesa services

Published 18 Feb 2020 10:28 CET | Tanzania, United Republic of
Tigo Tanzania says services for its mobile money platform Tigo Pesa have been restored after problems since 15 February, causing ...





Calendar   /   Industry Events

02 Aug SBA Communications Q2
02 Aug NXP Semiconductors Q2
02 Aug Arista Networks Q2
02 Aug Ceragon Networks Q2
02 Aug DSP Group Q2 2021
02 Aug ON Semiconductor Q2
02 Aug DZS Q2
02 Aug Harmonic Q2
03 Aug Infinera Q3 2021
03 Aug Akamai Technologies Q2 2021
03 Aug NeoPhotonics Q2 2021
03 Aug Alibaba Q2 2021
03 Aug RingCentral Q2 2021
03 Aug Bredband2 Q2 2021
03 Aug Sequans Q2 2021
04 Aug Intred Q2 2021
04 Aug Softbank fiscal Q1
04 Aug Lumen Technologies Q2
04 Aug EA fiscal Q1
04 Aug Viavi Q4
04 Aug 8x8 fiscal Q1
04 Aug Digi International fiscal Q3
04 Aug Roku Q2 2021
04 Aug Inseego Q2 2021
04 Aug Qorvo fiscal Q1
04 Aug Aferian interim results
04 Aug Liberty Latin America Q2 2021
04 Aug Smith Micro Q2 2021
05 Aug Motorola Solutions Q2
05 Aug Frontier Communications investors meeting
::: More Calendar Items