0
Wireless

Tigo secures USD 100 mln to acquire majority stake in Zantel

Thursday 19 November 2015 | 09:29 CET | News
Tigo Tanzania has secured USD 100 million from Standard Chartered Bank for the acquisition of a majority stake Zantel, the Daily News reported. Under the deal, StanChart, in partnership with the Swedish Export Credit Corporation (SEK), funded Millicom's acquisition of an 85 percent stake in Zantel. The government of Zanzibar will retain its 15 percent shareholding in the Zanzibar-based telecom company. StanChart said this is one of bank's largest term facilities within the East Africa's telecommunications sector.

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?



Categories: Mobile & Wireless
Companies: Millicom / Tigo Tanzania / Zantel
Countries: Tanzania, United Republic of
::: add a comment

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 to modernize Zantel network

Published 11 Dec 2015 11:37 CET | Tanzania, United Republic of
Millicom Group has announced a plan to commence a comprehensive network modernization for its recent acquisition of Tanzanian ...

Zantel appoints Janin as new CEO

Published 11 Nov 2015 08:23 CET | Tanzania, United Republic of
Zantel Tanzania has appointed Benoit Janin as its new CEO, taking over from MPratap Ghose who had held the post for three years, ...

Millicom completes Zantel acquisition

Published 28 Oct 2015 11:27 CET | Tanzania, United Republic of
Millicom announced it has completed the acquisition of Zantel, Tanzania's second-largest mobile operator by subscribers. The ...





Calendar   /   Industry Events

19 Oct Arm DevSummit
20 Oct Verizon Q3 2021
20 Oct Crown Castle Q3
20 Oct Elisa Q3 results
20 Oct Bango strategy day
20 Oct Samsung Unpacked Part 2
21 Oct Digi Q3 2021
21 Oct Grameenphone Q3 2021
21 Oct AT&T Q3 2021
21 Oct Intel Q3
21 Oct Telia Q3 results
21 Oct Snap Q3
21 Oct Telenor Q3 2021
21 Oct Orange Belgium Q3 2021
22 Oct Doro Q3 results
25 Oct Facebook Q3
25 Oct Dtac Q3 2021
25 Oct Calix Q3 2021
26 Oct Siminn Q3 2021
26 Oct F5 Networks fiscal Q4
26 Oct SK hynix Q3
26 Oct Orange group Q3 2021
26 Oct MediaTek Q3
26 Oct Microsoft fiscal Q1
26 Oct Twitter Q3 2021
26 Oct KPN Q3 2021
26 Oct Alphabet Q3 2021
26 Oct Digital Realty Q3
26 Oct Cabsat
26 Oct MWC Los Angeles
::: More Calendar Items