Millicom exits African Market with Tigo Tanzania Sale

Millicom, the parent company of Tigo and Zanzibar Telecom PLC (Zantel) announces that it has signed an agreement for the sale of its entire operations in Tanzania to a consortium led by Axian Group, a company based in Antananarivo, Madagascar.

The sale of the Tanzania business is in line with Millicom’s strategy to focus on providing fixed and mobile services in Latin America after investing in the development of the telecommunications industry in Africa for more than 25 years.

The Axian Group-led alliance brings together distinguished experts in mobile communications who have created and developed industry leading brands in the Indian Ocean, Africa and Europe. Axian Telecom is the Group’s telecom arm, with leading operations in Madagascar, Reunion and Mayotte islands, the Comoros, Senegal and Togo.

Millicom is pleased to have found a strategic investor such as Axian who is committed to furthering MIC Tanzania PLC’s and Zantel’s long-term commitment to provide accessible, affordable and innovative services to the people of the United Republic of Tanzania. 

In furtherance of these commitments, Axian plans to: 

  • Invest significantly in the telecom infrastructure to improve competitiveness, operations and accelerate transformation of the digital economy.
  • Extend access to affordable mobile services and accelerate digitalization throughout the United Republic of Tanzania
  • Improve financial inclusion through affordable and innovative mobile financial services.
  • Encourage employees’ professional growth and training in support of these initiatives

We would like to assure our stakeholders and the general public that, until we get the required regulatory approvals, our business operations remain the same and we will continue to serve our customers with the best products and services.

Launched in 1995, Millicom’s Tigo brand through its commitment to invest in Tanzania’s digital transformation, became the first cellular network in Tanzania to operate a GSM and 3G network. In April 2014, it launched 4G in the capital Dar es Salaam and by the end of 2016, its 4G network coverage reached all regions in Tanzania.

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