Following a successful deal with Millicom, Maroc Telecom has acquired Tigo Chad. Based on a statement from Maroc Telecom, “This acquisition, which is part of its international development strategy, aims to expand and consolidate the Maroc Telecom Group’s presence in the region.”
At the same time Millicom issued a statement which reads: “Millicom has signed an agreement for the sale of its entire operations in Chad to Maroc Telecom. The completion of the transaction is subject to the approval of the Chadian authorities.”
In 2017, the government introduced a new 18% tax on telecom services which reportedly affected customer spend and operator revenue. The president of Chad, Idriss Deby hosted Maroc Telecom Group Chairman Abdeslam Ahizoune and discussed Maroc Telecom’s entry into Chad’s telecommunications market. To note, Millicom’s operations in Chad began in 2005 through its subsidiary Tigo. The company was approached by Maroc Telecom in 2017 when Maroc Telecom’s former regional director Kamal Okba, was appointed CEO of Tigo Chad.
Millicom has also sold its operations in Rwanda and completed a merger in Ghana.