Axian Group led consortium signs an agreement to acquire Millicom telecom’s operations in Tanzania

TANZANIA A consortium led by Pan- African group Axian, has signed an agreement with Millicom, an international telecommunications and media company, regarding the sale of its shares in Tigo Tanzania and Zantel in Zanzibar.

The 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, focusing 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, Comoros, Senegal, and Togo.

The Axian Consortium has an ambitious development project with significant investments over the next 5 years for Tanzania and Zanzibar and it intends to revolutionize the telecommunications ecosystem by placing customers and their needs at the core of their business while at the same time strengthening the quality and scope of the network’s coverage and associated services.

In Tanzania and Zanzibar, the Axian Consortium has already determined four strategic priorities; investing significantly in telecom infrastructure to improve the competitiveness of the operations in order to accelerate the digital transformation of the economy. As part of this development project, the consortium plans to significantly increase the coverage of Tigo Tanzania and Zantel, especially for 4G network.

“Axian is starting a new chapter in Tanzania and in Zanzibar for the long term. We are convinced that the Axian model will accelerate digital inclusion and open access to innovative services for the clients while supporting economic growth. We are very excited by this new challenge”

Hassanein Hiridjee – Axian Group

The other priority is extending access to affordable mobile services and accelerate digitalization in the territory and investments in infrastructure are hoped to accelerate economic development in Tanzania and Zanzibar.

Improvement of financial inclusion, through affordable, innovative mobile financial services offers. Today Millicom Tanzania’s mobile financial services are the 2nd largest nationwide and 3rd largest platform globally with 6.6 million users, connected with 49 banks in Tanzania is also another of its priority.

And lastly, encourage employees’ professional growth and training. The alliance intends to have a prior focus on mobility, agility, training, and shared knowledge for all employees within the group.

The Axian Consortium expertise is a major asset for the alliance as then the consortium seeks to implement an efficient network with cutting-edge technologies throughout the territory, fostering positive impact and ambition in the region.

The Consortium intends to support economic growth through digital inclusion and open access to innovative services for the clients, reinforced by strong industrial synergies and by existing infrastructures.

The company has access to the NLD consortium network with over 3,200 kilometers of backbone and over 600 kilometers of metro fiber and also has strategic ownership in the EASSy cable landing station in Dar es Salaam.

Hassanein Hiridjee commented: “Thanks to this agreement with Millicom, Axian is starting a new chapter in Tanzania and in Zanzibar for the long term. We are convinced that the Axian model will accelerate the digital inclusion and open access to innovative services for the clients while supporting economic growth. We are very excited by this new challenge.”

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