Millicom International Cellular S.A. (“Millicom”) with its joint venture partner, Bharti Airtel Limited announced the execution of a definitive agreement for the hundred per cent transfer of AirtelTigo to the Government of Ghana.
The Government of Ghana will take over AirtelTigo along with all customers, assets and liabilities with Millicom receiving $25 million charges as a result of the agreement.
According to the CEO of Millicom, Mauricio Ramos, Millicom, a leading provider of cable and mobile services dedicated to emerging markets in Latin America and Africa will open another and focus on the Latin American region.
Millicom CEO, Mauricio Ramos, commented: “Today Tigo is a leading provider of broadband services to consumers, businesses and governments in Latin America, where penetration and data speeds remain low by the standards of more mature markets. Through our investment-led strategy, we are bringing reliable high-speed mobile and fixed broadband to the communities we serve in the region. With today’s announcement that we are divesting our remaining African businesses, we close a chapter in our history and open another solely focused on the Latin American region.”
Also in Tanzania, Millicom which was founded in 1990 and headquarters in Luxembourg agreed to sell its operations to a consortium led by Axian.
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Renate is a lawyer, publicist, and writer. She believes that education and information is the key to developing and shaping Africa. In her free time, she paints beautiful art pieces on canvas. Renate believes that life is a perception, and you live it the way you perceive it.
