Moroccan telco Maroc Telecom has confirmed its acquisition of the entire share capital of Tigo Chad, following a successful deal with Millicom. The acquisition forms part of Maroc Telecom's plan to expand operations in North Central Africa, while Millicom focuses its efforts on Latin America. 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. On 19 February 2019, the president of Chad, Idriss Deby hosted Maroc Telecom Group Chairman Abdeslam Ahizoune and discussed Maroc Telecom's entry into Chad's telecommunications market. The path of the company intersected with that of Maroc Telecom in 2017 when Maroc Telecom's former regional director Kamal Okba, was appointed CEO of Tigo Chad on 16 February, 2017.

Source: The North Africa Journal March 22, 2019 06:55 UTC