Millicom International Cellular (operating as Tigo) has announced that it has completed the transaction announced in April 2021 for the sale of its operations in Tanzania to a consortium led by Axian. In accordance with the terms of the sale, pan-African group Axian has assumed ownership of the business, including its debt and other obligations,...
Millicom is selling its Tanzania operations to Madagascar’s Axian as the Nasdaq and Stockholm-listed emerging markets telecoms group pulls out of Africa to focus on Latin America. With 13m customers, Tanzania is Millicom’s main operation in Africa, where it is among the top three telecoms operator by number of customers. On Monday, Millicom agreed to sell...
