Africell completes acquisition of Millicom Sierra Leone

Mergers, Acquisitions and Financial Results

Africell Holding SAL, a member of the Lintel Group, has completed the acquisition of Millicom (SL) Limited following the final regulatory approval. Millicom (SL) is a subsidiary of Millicom International Cellular SA.

This acquisition and the ensuing merger of the two entities will further consolidate Africell’s leading market share to more than 55% of the total GSM telephony market in Sierra Leone.

Africell Holding, through its wholly owned subsidiary, Africell (Sierra Lone) Limited has been operating in Sierra Leone since 2005. Africell Holding currently operates two GSM networks; in Gambia and Sierra Leone, both are market share leaders with respectively 65% and 50% of the market. A third operation is in the planning as the group has obtained a license to operate a GSM network in the Democratic Republic of Congo.

Lintel group currently employs around 1,500 between its GSM operations and its telecom turn-key contractor, Linfra, which operates in 14 countries across the MENA and Africa.

IT News Africa