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Liberty Latin America Ltd ends talks for a possible offer on all of Millicom International Cellular’s shares that include Tigo Chad and Tigo Tanzania

Wednesday, 23 January 2019 13:07
Liberty Latin America Ltd ends talks for a possible offer on all of Millicom International Cellular’s shares that include Tigo Chad and Tigo Tanzania

(Ecofin Agency) - Liberty Latin America Ltd will not buy Tigo Chad and Tigo Tanzania, the last two exclusive properties of  Millicom International Cellular (MIC) in Africa. Liberty Latin America Ltd, which sent a preliminary offer to acquire all of MIC’s shares, wanted to replace the latter in the two African countries but also in all the nine Latin American countries it operates.

On January 22, 2019, Millicom indicated in a release that there was no certainty for the “preliminary highly conditional non-binding proposal from Liberty Latin America Ltd” to come through. Millicom that currently has about 51 million subscribers around the world is in a consolidation phase in its various markets.

Later on January 22, Liberty Latin America Ltd announced the end of the preliminary talks with MIC for “a possible offer “ for all of the latter’s shares.





 
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ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

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