Egypt to grow e-commerce.

Egypt to grow
e-commerce

New plan aims to double
size of industry by 2020.

Tuesday, Apr 24th

Bharti Airtel pursues Tigo Rwanda deal

Bharti Airtel pursues Tigo Rwanda deal

Following the successful merger of Airtel and Tigo in Ghana, Bharti Airtel and Millicom International Cellular SA have extended their partnership to Rwanda where Airtel has reached an agreement with Millicom to acquire 100% of Tigo Rwanda.

The latest step in Millicom's exit strategy in Africa is gaining momentum, despite several setbacks with the planned sale in Senegal.

Going forward, Millicom plans to focus on Latin American that it considers to be more buoyant.

While Airtel is already operating in Rwanda, the company believes the move to acquire Tigo will help consolidate the local market and elevate its position.

Sunil Bharti Mittal, President of Bharti Airtel, said, "These measures will consolidate and reorganise the market structure in the remaining countries where its activities are lagging behind due to declining market shares and the presence of too many operators."

" Airtel and Tigo have already merged their operations to create a strong and viable entity in Ghana. Today, a new milestone has been reached to acquire Tigo Rwanda to become a profitable and strong challenger in a two-player market. We are also committed to ensuring the long-term viability of our operations in two other countries, Kenya and Tanzania, to ensure that by 2018, all of our operations in Africa begin to generate positive margins and cash flows."

ALSO ON ITWEB AFRICA

ContinuitySA supports Business Continuity Awareness Week 2018 Published on 18 April 2018

BCAW 2018, a global event facilitated by the Business Continuity Institute, takes place from 14 to 18 May.

ONEm to harness Africa's low smartphone and internet penetration Published on 13 April 2018

CEO says company's offer of internet-like services on ordinary phones represents a renaissance for SMS and voice.

Lack of clarity impeding IOT adoption in SA Published on 23 March 2018

Stakeholders aren't clear on the outcomes of their digital transformation plan says Hitachi Vantara.

Tunisie Telecom launches money transfer service Published on 17 April 2018

Telco says its service fits into national project working to encourage greater use of digital technologies.