Tuesday, 12 December 2017

Millicom buys Zantel for $1 plus debt

By Mary Lennighan, Total Telecom
Friday 05 June 15

Etisalat sells out of Tanzania as Millicom looks to scale up in the market.

Millicom this week moved to boost its operations in Tanzania with the acquisition of Zanzibar's Zantel for a nominal fee. The telco on Friday announced it will acquire an 85% stake in Zantel from Etisalat for $1, plus the assumption of $74 million worth of debt obligations…

Millicom this week moved to boost its operations in Tanzania with the acquisition of Zanzibar's Zantel for a nominal fee. The telco on Friday announced it will acquire an 85% stake in Zantel from Etisalat for $1, plus the assumption of $74 million worth of debt obligations…

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