X-Nico

4 unusual facts about MIC Tanzania Limited


MIC Tanzania Limited

Since 2006 the mobile phone company is commonly referred to as tiGO in the aftermath of the full control taken by Millicom International Cellular to the company.

In February 2006, after buying out its minority shareholders, the Luxembourg-based pan-African mobile operator Millicom International Cellular announced to take a full control of three of its African-based Mobile operators including MIC Tanzania limited.

This corporation was a joint venture between Millicom International Cellular based in Luxembourg, Ultimate Communications Limited of Tanzania and Tanzania Posts and Telecommunications Corporation.

In Tanzania a USD 1.332 million deal enables Millicom to acquire the remaining 16% stake it did not already own after the cellco’s minority shareholders agreed to cancel their call option on the business.



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