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What is Millicom Acquires Zanzibar Telecom about?

Millicom has signed an agreement to acquire an 85% stake in Zantel, the leading mobile operator in Zanzibar, Tanzania, from Etisalat Group. Under the terms, Millicom will pay $1 and assume $74 million in debt, strengthening its position in Tanzania. The acquisition will allow Millicom to leverage Zantel

Author

Cathbert Angelo

Language

EN