(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.