Connecting Africa is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 3099067.


Millicom Now Focused on Tanzania, Chad

Article Image
Millicom may have reduced the number of markets in which it owns mobile operator businesses across Africa during the past year, but it appears to have hung on to the best of the bunch.

The operator reported revenues in Africa of US$150 million for the fourth quarter of 2017, down 6.2% from a year earlier, and earnings before interest, tax, depreciation and amortization (EBITDA) of $49 million, down 15.9%. Those numbers were for the businesses in Tanzania, Chad and Rwanda, but excluded Senegal and Ghana: The Ghana business is now a discontinued operation following the merger there with Airtel. (See Bharti Airtel, Millicom Combine Operations in Ghana.)

The company, which uses the Tigo brand for its mobile operations, ended 2017 with nearly 17.5 million mobile customers, down slightly from a year earlier, of which nearly 8 million (up 13.7%) use its mobile financial services (MFS).

And now Millicom has completed the sale of the operation in Rwanda to Airtel. (See Airtel Snaps Up Tigo Rwanda.)

As a result, Millicom's African business now covers just Tanzania and Chad, but the good news is that both of those markets are growing: Millicom said during the fourth quarter those two markets combined added 356,000 mobile customers. But trading conditions are tough, as although Tanzania is improving from a low point in the second quarter of last year, the business in Chad has shown margin contraction.

Millicom is now, at a group level, focused on its business in Latin America, so it's possible that during the next year or so it might quit Africa altogether.

Innovation hub


Interview: Juliet Ehimuan on Africa's next wave of innovation

Juliet Ehimuan, founder and CEO of Beyond Limits Africa and ex-MD of Google West Africa, spoke to Connecting Africa about the next wave of innovation in Africa and the continent's digital future.


InDrive enters Zimbabwe's Bulawayo

Ride-sharing platform InDrive is expanding its services to Zimbabwean city of Bulawayo after successfully introducing its services in the capital of Harare in May this year.

More Innovation hub

Latest video

More videos

Industry announcements

More Industry announcements

Sponsored video

More videos

Partner perspectives

All Partner Perspectives

Africa Tech Perspectives


The 100 most influential African leaders in 2023

A new report from Africa Tech Festival and Connecting Africa puts a spotlight on the top 100 African leaders in the telecoms and technology sector in 2023.


Deep dive into East Africa's tech startup ecosystem

New survey reveals a lack of access to investors, reliance on international VCs and global recession trends as the biggest barriers for East African tech startups to access funds.


Challenges and opportunities for women's tech careers

A new survey reveals that COVID-19, the cost-of-living crisis, skills shortages and a lack of mentorship have negatively affected women's career development over the past two years.

More AfricaCom perspectives

Upcoming events

Nextv Series Africa
October 4-5, 2023
Hotel Sky Sandton, Johannesburg
Africa Tech Festival, Home of AfricaCom and AfricaTech
November 13-16, 2023
CTICC, Cape Town
More Upcoming events

Flash poll

All polls

Guest Perspectives


Omdia View: August 2023

By Omdia Analysts

Highlights in August 2023 in the Middle East and Africa included a commercial 5G launch from Ethio Telecom and the signing of a virtual wheeling agreement between Vodacom South Africa and Eskom – that and more in this month's Omdia View.


Omdia View: February 2023

By Omdia Analysts

In February 2023 key events in the Middle East and Africa included a major Internet project for Africa's underserved by Liquid Intelligent Technologies and Microsoft as well as a 5G launch in Tanzania – that and more in this month's Omdia View.

More Guest Perspectives

Like us on Facebook

Newsletter Sign Up

Sign Up
Tag id I-0000192