Africell Holding SAL, a member of Lintel group and Millicom International Cellular SA ("Millicom") (Nasdaq Stock Market: MICC and Stockholmsbörsen: MIC) yesterday (28th July 2009) signed an agreement regarding the acquisition of Millicom (SL) Limited, Millicom's GSM operations in Sierra Leone. Completion of the transaction is subject to certain regulatory approvals and procedures.
Africell Holding SAL, through its wholly owned subsidiary, Africell (Sierra Leone) Limited, has been operating in Sierra Leone since 2005 and is the leading mobile operator in Sierra Leone. This acquisition will contribute to domestic consolidation, and further enhance Africell's market leadership in Sierra Leone.
Millicom (SL) Limited is operating as Tigo and had been classified as an asset held for sale in Q4 2008 at group level.
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Millicom International Cellular S.A., Luxembourg
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Millicom International Cellular S.A. is a global telecommunications group with mobile telephony operations in 16 countries in Asia, Latin America and Africa. It also operates cable and broadband businesses in five countries in Central America. The Group's mobile operations have a combined population under license of approximately 308 million people.
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