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 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.
Live News
-
Gambian Tech Entrepreneur Ebrima Fatty Builds Africa-Focused Digital Marketplace
07:15
-
Gabon Looks to Turkey to Accelerate Digital Transformation
07:11
-
University of Lomé, Beijing Forestry University Sign Research and Training Deal
06:30
-
Togo: BSIC Surges Past CFA331 Billion in Assets in H1 2025
06:23
-
CEMAC Non-Performing Microfinance Loans Hit $295 million
04:27
-
DRC Government Seeks $6M to Retain 47% Stake in Grands Hôtels
18:22
-
NITDA and Google Deepen Tech Partnership to Propel Nigeria’s Digital Transformation
16:36
-
Côte d'Ivoire: Didievi Gold Begins Expansion Drilling
15:29
-
Ghana Resets $1.2B Bauxite Project After Terminating Local Partner
15:04
-
Benin’s Elias Missihoun Builds Technology Solutions for Everyday Challenges
13:24
The fintech leaders primarily emerge from Nigeria, Egypt, Kenya, and South Africa, nations recognize...
By linking ECOWAS countries, the project enhances regional digital infrastructure, which is crucial ...
As digital technologies reshape Africa's job market, digital skills are becoming crucial for youth i...
Non-bank institutional investors, though still a minority, are increasing their presence in the West...
Highlights: • $20 billion in investment pledged by Chinese firms for agriculture, mining, auto...
• CEMAC MFI Non-Performing Loans edge up 8.9 % to 178B CFA in 2024, regional review shows• BEAC study notes one member hosts 73.7 % of CEMAC’s...
• Belgian investor Victoria Equity injected $6.2M loan, proposing share conversion that would dilute State control.• Minister Bussa urges matching...
• African Gold began a 40,000m drilling program at Didievi in Côte d’Ivoire, running through 2026.• Backed by Montage Gold’s \M investment, it targets...
• Ghana has terminated Rocksure International’s lease for the Nyinahin bauxite deposit, Reuters reported on July 28.• The $1.2B project with GIADEC...
Garamba National Park, located in the northeastern Democratic Republic of Congo, is one of Africa’s oldest and most iconic protected areas. Established in...
Perched in the rugged heights of the Djebel Nefoussa in northwestern Libya, Qasr Al Haji (also spelled Ghasr Al-Hajj) is a striking example of traditional...