Bharti Airtel signs agreement to acquire Millicom’s operations in Rwanda - Hallo rafiki WORLD MAELEZO LATEST, Katika makala kusoma wakati huu na kichwa Bharti Airtel signs agreement to acquire Millicom’s operations in Rwanda, tumeandaa vizuri kwa makala hii kusoma na kupakua maelezo humo. pengine kujaza posts makala afya, makala biashara, makala general, makala hobby, makala karibuni info, makala michezo, makala siasa, makala utamaduni, sisi kuandika anaweza kuelewa. Naam, furaha ya kusoma.

title : Bharti Airtel signs agreement to acquire Millicom’s operations in Rwanda
kiungo : Bharti Airtel signs agreement to acquire Millicom’s operations in Rwanda

Bharti Airtel signs agreement to acquire Millicom’s operations in Rwanda

·         Acquisition to consolidate the Rwandan telecom market and position Airtel as a strong number 2 operator in Rwanda with revenues of over USD 80 million and a revenue market share of over 40%

·         Existing Millicom Rwanda customers will join over 370 million customers on Airtel’s global network across 17 countries and enjoy the benefits of a superior network, international roaming, and high quality 3G, 4G speed as well as Airtel Money services

 Bharti Airtel Limited (“Airtel”), a leading global telecommunications services provider with operations in 17 countries across Asia and Africa, today said that, through its subsidiaries, it has entered into a definitive agreement with Millicom International Cellular S.A. ("Millicom") under which Airtel Rwanda Limited (“Airtel Rwanda”) will acquire 100% equity interest in Tigo Rwanda Limited (“Tigo Rwanda”). The acquisition will consolidate the Rwandan telecom market and position Airtel as a strong number 2 operator in Rwanda. The consideration for the transaction is based on approximately 6x EBITDA multiple, payable over two years. The agreement is subject to regulatory and statutory approvals.

Sunil Bharti Mittal, Chairman, Bharti Airtel, said, “Airtel has taken proactive steps in Africa to consolidate and realign the market structure in the last few remaining countries where its operations are lagging on account of lower market share and presence of too many operators. Airtel and Tigo have already merged their operations to create a strong viable entity in Ghana. Today, it has taken yet another important step to acquire Tigo Rwanda to become a profitable and a strong challenger in a two-player market.

We are also committed to the long term viability of our operations in two other countries i.e. Kenya and Tanzania, to ensure that in 2018 all our 15 operations in Africa start contributing positive margins and cash flows towards a healthy and profitable Airtel Africa.”

KUSOMA ZAIDI BOFYA HAPA

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