31.65 (1.61%) Bharti Airtel has received an approval for the acquisition of Tigo Rwanda, a subsidiary of Millicom International Cellular S.A. (Millicom) from the Rwanda Utilities Regulatory Authority (RURA).
The merged entity will have the largest customer base in Rwanda with 5.9 million subscribers. The combined networks of the two companies will serve customers with voice/ data services, global roaming and mobile banking services. It will also have Rwanda’s largest sales and distribution network.
On completion, the acquisition will undergo seamless integration, both on the customer as well as the network side and further strengthen Airtel’s market position in Rwanda.
Bharti Airtel is a leading global telecommunications company with operations in 16 countries across Asia and Africa.