More Africa for Orange as it acquires Tigo DRC from Millicom
French telco Orange has continued its African shopping spree with the acquisition of Millicom subsidiary Tigo in the Democratic Republic of Congo.
French telco Orange has continued its African shopping spree with the acquisition of Millicom subsidiary Tigo in the Democratic Republic of Congo.
Millicom-owned African carrier Tigo said this week that it has acquired more than 250,000 new customers in less than three months following its return to two troubled eastern provinces of the Democratic Republic of the Congo (DRC).
Developing markets specialist operator Millicom has struck a deal with African tower firm Helios Towers that will see ownership of 729 of the towers in its network in the Republic of the Congo (DRC) transferred to Helios. Under the deal, Millicom’s local operation Tigo will receive at least $45m in cash upfront and retain a significant minority interest in Helios’ own DRC subsidiary, Helios Towers DRC (HTD).
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