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New Deal


Announced

Axian Group to acquire the Tanzania operations of Millicom International Cellular.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Pending

Acquisition

Single Bidder

Tanzania

Cross Border

Friendly

Private

Majority

mobile communications

Mobile

Synopsis

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Axian Group, a pan-African group, agreed to acquire the Tanzania operations of Millicom International Cellular, an international telecommunications and media company. Financial terms were not disclosed. "Millicom is pleased to have found a strategic investor such as Axian who is committed to furthering MIC Tanzania’s and Zantel’s long-term commitment to provide accessible, affordable and innovative services to the people of the United Republic of Tanzania," Millicom.

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