MIC Tanzania Limited - Millicom Takes Full Control Over MIC Tanzania (tiGO)

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.

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