Telecom

Axian Consortium has signed an agreement to acquire Millicom’s entire telecom operations in Tanzania and Zanzibar

Axian Consortium has signed an agreement to acquire Millicom’s entire telecom operations in Tanzania and Zanzibar
Monday, 19 April 2021 13:03

A consortium led by Axian signed an agreement with Millicom regarding the sale of its shares in Tigo Tanzania and Zantel in Zanzibar. 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. Axian focusses 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.

This Axian Consortium has an ambitious development project with significant investments over the next 5 years for Tanzania and Zanzibar. It intends to revolutionize the 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:

  • a 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;
  • Extend access to affordable mobile services and accelerate digitalization in the territory. These investments in infrastructure will indeed accelerate economic development in Tanzania and Zanzibar;
  • Improve financial inclusion, through affordable, innovative mobile financial services offers. Today Millicom Tanzania’s mobile financial services is the 2nd largest nationwide and 3rd largest platform globally with 6,6 million users, connected with 49 banks in Tanzania.
  • 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. 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 km of backbone and over 600 km of metro fiber. The Company 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.”

ABOUT AXIAN

Axian is a pan-African group that operates in 5 industries with high growth potential, namely real estate, telecoms, finance, energy and open innovation. Axian operates in 6 countries across mainland Africa and the Indian Ocean and acts in furtherance of social and economic growth in all markets where the group has a foothold. The group’s 5,000 dedicated employees ensure that its brands—all of which are dedicated to 5 crucial industries—have a sustainable, positive impact on the day-to-day lives of millions of Africans. The Axian Group is also a UN Global Compact signatory and is committed to making its ten principles an integral part of present and future group operations. See more on Axian : www.axian-group.com

42690 consortium axian annonce aujourd

On the same topic
The MTN Nigeria Dabengwa Tier 3 Data Centre is more than just a physical infrastructure project — it’s a foundational investment in Nigeria’s digital...
Chad begins drafting a manual to implement its National Digital Health Program Aims to ease doctor shortages via telemedicine and digital...
93.6% of industry players expect strong or moderate growth for African data centers Investment intentions remain high, with 77.4% likely to inject...
Through such initiatives, Cassava Technologies aims to position itself as a leading digital solutions provider across its markets, empowering Africans to...
Most Read
01

Lebara Group is now bringing its affordable and reliable mobile services to Africa, starting with Ni...

Telecoms: Lebara Enters Nigerian Market with Strong Competitive Ambitions
02

Transport and food prices have been climbing steadily across Africa in recent years. In Côte d’Ivoir...

Côte d’Ivoire’s Fuel Price Cuts Haven’t Slashed Transport Costs–Yet
03

• BOAD releases CFA10 billion ($17.8 million) to support Boungou and Wahgnion gold mines.• Burkina F...

BOAD Grants CFA10 Billion to Revive Boungou and Wahgnion Gold Mines in Burkina Faso
04

In a West African financial landscape marked by tighter regulation of the fintech sector, digital fi...

In Five Years, Francophone Africa Will be A Major Force in African Tech –Régis Bamba
05

• Maritime sector faces renewed risks amid military tensions in the Middle East• Blockade fears at S...

Israel-Iran conflict raises new threats for global shipping and oil trade
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

Benjamin FLAUX
bf@agenceecofin.com 
Téls: +41 22 301 96 11 
Mob: +41 78 699 13 72
Média kit : Download

EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.