With the Tigo Rwanda acquisition, Airtel Rwanda operations will become Ebitda positive, making whole of Airtel’s Africa business profitable at the operations level. Photo: ReutersNew Delhi: Telecom operator Bharti Airtel Ltd on Wednesday said it has received regulatory approval to acquire Tigo Rwanda—a subsidiary of Luxembourg-based Millicom International Cellular SA. With this acquisition, Airtel Rwanda operations will become Ebitda positive (operating profit), making whole of Airtel’s Africa business profitable at the operations level. “Bharti Airtel Limited...has received an approval for the acquisition of Tigo Rwanda Limited, a subsidiary of Millicom International Cellular SA from the Rwanda Utilities Regulatory Authority (RURA),” the company said in a statement. “The merger will result in the only negative Ebitda OpCo joining other 13 positive ebitda OpCos in Africa,” the statement said.

Source: Mint January 24, 2018 12:56 UTC