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Axian Group to invest $500m in Tanzania telecom sector 1 Min Read 4 hours ago Axian Group will invest part of the funds in the infrastructure and financial technology of Tanzania. Axian Group plans to invest $500m in Tanzania following the purchase of telecommunication assets in the East African country and is seeking more deals to further expand in the region. A consortium led by the Antananarivo, Madagascar-based conglomerate announced on April 19 the purchase of Millicom International Cellular’s Tanzanian operations. Acquiring Tigo Tanzania and Zanzibar Telecom means Axian now controls one of the largest telecommunication operations in the country. Axian’s investment would be the largest in Tanzania’s telecommunication sector in more than five years, since the government in 2014 announced Vietnam-based Viettel Group’s plan to spend $1bn on developing infrastructure in the country. ....
Axian backs Tanzanian purchases with major investment developingtelecoms.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from developingtelecoms.com Daily Mail and Mail on Sunday newspapers.
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, Como ....
Millicom says farewell to Africa developingtelecoms.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from developingtelecoms.com Daily Mail and Mail on Sunday newspapers.
Millicom completes move out of Africa as it sells Tanzania Sign in with LinkedIn 19 April 2021 | Alan Burkitt-Gray Millicom is now entirely a Latin American operator following today’s disposal of its last African interest, Tigo Tanzania. The group said this morning that it has agreed to sell its entire operations in Tanzania to a consortium led by Axian, a Madagascar group that was part of the consortium that acquired Millicom’s operations in Senegal in 2018. Axian said this morning that it was leading a consortium regarding the sale of Millicom’s shares in both Tigo Tanzania and Zantel in Zanzibar. ....