Millicom International. Cellular to Sell Chad business to Maroc Telecom
March 14 2019 - 6:34PM
Dow Jones News
Millicom International Cellular SA (TIGO) on Thursday said it
agreed to sell its entire operations in Chad to Maroc Telecom.
The completion of the transaction is subject to the approval of
the Chadian authorities, the company said.
Financial terms of the deal weren't disclosed.
Millicom said the sale of Tigo Chad, the leading provider of
digital services in the country, is in line with the company's
stated objective of increasing its focus on Latin America.
Millicom said the transaction isn't expected to have a material
impact on the group as a whole.
Millicom provides cable and mobile services to emerging markets
in Latin America and Africa.
--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
March 14, 2019 19:19 ET (23:19 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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