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Tigo Tanzania announces Zantel Takeover

Tigo Tanzania announces Zantel Takeover
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The MIC Tanzania PLC which trades as Tigo Tanzania has officially announced the completion of Zanzibar Telecom PLC (Zantel) takeover. Also, the company announced that the process to transfer ownership of the shares of Zantel to Tigo has been completed.

The successful takeover will enable the two companies merge their operations in the mainland and also in Zanzibar. Furthermore the combination of both companies’ operations in Tanzania will help create a more inclusive future for Tanzania’s telecommunications. Customers registered on the Zantel and Tigo network will be able to enjoy enhanced services.

They will also enjoy a consolidated market that will help drive forward innovation in the sector more broadly. Therefore the combined business will bring together the strengths of Tigo and Zantel to serve customers better both in the mainland and in Zanzibar.

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Commenting on the transaction the Managing Director of Tigo, Simon Karikari highlighted that the merger of the two companies is in Tanzania’s best interest. He further explained in his statement that: “The combined group will offer improved coverage and better quality of service to customers in both urban and rural Tanzania, enabling wider access to communication solutions for businesses as well as mobile financial services to Tigo and Zantel customers”.

The integration process between the two companies is set to start soon and customers’ SIM cards and mobile numbers will not change. The company has also announced that there will be no interruption to customers’ experience on both networks during the integration process. Tigo started its operations in Tanzania in 1995.

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