Axian Consortium has signed an agreement to acquire Millicom's entire telecom operations in Tanzania and Zanzibar

Telecom
Axian Consortium has signed an agreement to acquire Millicom’s entire telecom operations in Tanzania and Zanzibar
Monday, 19 April 2021 13:03
( AXIAN ) - A consortium led by Axian signed an agreement with Millicom regarding the sale of its shares in Tigo Tanzania and Zantel in Zanzibar. Completion of the transaction is subject to customary closing conditions and regulatory approvals.
The Axian-led alliance brings together distinguished experts in mobile communications, who have created and developed industry-leading brands in the Indian Ocean, Africa. Axian Group is a recognized pan-African infrastructures and services champion with strong entrepreneurial values and culture. Axian focusses on long-term investments in Financial Services, Energy, Real Estate, Telecom and Innovation across Africa and the Indian Ocean. Axian Telecom is the Group’s telecom arm, with leading operations in Madagascar, Reunion and Mayotte island, Comoros, Senegal and Togo.

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