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Tanzania’s telecom sector enjoys effective competition, particularly in the mobile segment. There remains considerable movement within the market, with Smart having stopped services in late 2019 and Tigo Tanzania having completed its merger with Zantel. Tigo Tanzania in April 2021 was sold by its parent company MIC as it sought to focus on its operations in Latin America.
Millicom International Cellular completed the sale of Tigo Tanzania, a transaction that concludes the operator group’s exit from Africa and allows it to focus solely on operations in Latin America.
IFC, a member of the World Bank Group and the largest global development institution focused on the private sector in emerging markets, has announced that it has invested in a maiden bond issuance by pan-African telecommunications services provider Axian Telecom.
Tanzania’s telecom sector enjoys effective competition, particularly in the mobile segment. There remains considerable movement within it, with Smart having stopped services in late 2019 and Tigo Tanzania having completed its merger with Zantel. Tigo Tanzania in April 2021 was sold by its parent company MIC as it sought to focus on its operations in Latin America.