This transaction allows the first telecom operator to strengthen its international presence in high-potential markets. Millicom to sell its Chad business to Maroc Telecom . The mobile sector has developed steadily under the auspices of these two operators. Maroc Telecom, Morocco's largest telecoms operator, said on Thursday it had bought Swedish-listed Millicom's subsidiary Tigo Chad, the leading provider of digital services in the African country. Millicom said in a separate statement the sale is in line with its plan to focus on Latin America. The completion of the transaction is subject to the approval of the Chadian authorities. CASABLANCA, March 14 (Reuters) - Maroc Telecom, Morocco’s largest telecoms operator, said on Thursday it had bought Swedish-listed Millicom’s subsidiary Tigo Chad, the leading provider of digital services in the African country. Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry. The acquisition aims to consolidate the presence of Maroc Telecom in Africa, while continuing Millicom’s gradual exit from Africa to focus on Latin America. On March 14, 2019, Moroccan group Maroc Telecom signed an acquisition agreement with Millicom International Cellular (MIC) for full acquisition of Tigo Chad, which is currently the leader of the local market. The completion of the transaction is subject to the approval of the Chadian authorities.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn Telecom Enterprise (B2B) Market – Operator Strategies and Key Focus Segments For 2019 Telecom Digital Services – Development and Monetization StrategiesTelecom Global Services - Current State, Trends and SolutionsMobile Payments - Opportunities for Mobile Operatorsannounced that it has signed an agreement for the sale of its entire operations in Chad to Maroc Telecom. Tigo Chad was sold to Maroc Telecom in June 2019 (though the unit retains the Tigo brand for now), marking the latter's entry into a market which it has shown an interest in since 2014. Maroc Telecom is the largest telecoms operator in Morocco. Maroc Telecom has completed the acquisition from Millicom of 100 percent of its subsidiary Tigo Chad, following the agreement signed on 14 March. The sale of Tigo Chad, the leading provider of digital services in the country, is in line with Millicom’s stated … (Reporting by Ahmed Eljechtimi Editing by Alexandra Hudson) Millicom, a leading provider of cable and mobile services dedicated to emerging markets in Latin America and Africa,  Maroc Telecom is the  largest telecoms operator in Morocco. The sale of Tigo Chad, the leading provider of digital services in the country, is in line with Millicom’s stated objective of increasing its focus on Latin America. Maroc Telecom has announced that it has finalized the acquisition from Millicom of the entire share capital of its subsidiary Tigo Tchad. Luxembourg, 14 March, 2019 – Millicom announced today that it has signed an agreement for the sale of its entire operations in Chad to Maroc Telecom. The transaction is not expected to have a material im NetBlocks records show that Chad previously blocked social media for over a year, triggering a legal challenge and ultimately compelling Millicom to sell the Tigo service to Maroc Telecom. The acquisition is part of Maroc Telecom’s plan to step up operations in the region, it said without giving further details. At the end of June 2019, Maroc Telecom Group's consolidated net debt(7) was MAD 21 billion, up 22.8% year-on-year, reflecting the license payments in subsidiaries, the acquisition of Tigo Chad, the payment of dividends to all Maroc Telecom Group shareholders and the impact of IFRS16. Millicom announced today that it has signed an agreement for the sale of its entire operations in Chad to Maroc Telecom. The completion of the deal is subject to the approval of Chad’s authorities, it said.