Millicom Takes Full Control Over MIC Tanzania (tiGO)
In February 2006, after buying out its minority shareholders, the Luxembourg-based pan-African mobile operator Millicom International Cellular announced to take a full control of three of its African-based Mobile operators including MIC Tanzania limited.
In Tanzania a USD 1.332 million deal enables Millicom to acquire the remaining 16% stake it did not already own after the cellco’s minority shareholders agreed to cancel their call option on the business. Since then Millicom is the full controller of the company.
Read more about this topic: MIC Tanzania Limited
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