M&A Deal Summary

Groupe Wari Acquires Millicom - Tigo Business

On February 7, 2017, Groupe Wari acquired internet software and services company Millicom - Tigo Business from Millicom International Cellular for 129M USD

Acquisition Highlights
  • This is Groupe Wari’s 1st transaction in the Internet Software and Services sector.
  • This is Groupe Wari’s largest (disclosed) transaction.
  • This is Groupe Wari’s 1st transaction in Senegal.

M&A Deal Summary

Date 2017-02-07
Target Millicom - Tigo Business
Sector Internet Software and Services
Buyer(s) Groupe Wari
Sellers(s) Millicom International Cellular
Deal Type Divestiture
Deal Value 129M USD

Target

Millicom - Tigo Business

Senegal
Millicom - Tigo Business is a mobile technology provider.

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Buyer(S) 1

Buyer

Groupe Wari

Dakar, Senegal

Category Company
Founded 2008
Sector Internet Software and Services
DESCRIPTION

Groupe Wari is a platform, offers easy-to-use mobile, web and card solutions for organizations (institutional, commercial and financial) and customers in Africa and around the world across our global network. Groupe Wari was established in 2008 and is headquartered in Dakar, Senegal.


DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 1 of 1
Country (Senegal) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Millicom International Cellular

Luxembourg, Luxembourg

Category Company
Founded 1990
Sector Communications
Employees16,500
Revenue 5.7B USD (2023)
DESCRIPTION

Millicom International Cellular is a telecom company. Millicom International Cellular was incorporated in 1990 and is based in Luxembourg City.


DEAL STATS #
Overall 1 of 3
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 1 of 3
Country (Senegal) 1 of 1
Year (2017) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-15 TV Cable Parana S.A.

Asunción, Paraguay

TV Cable Paraná is a regional cable TV provider in Ciudad del Este. Paraná TV offers users a wide variety of national and international channels with signals from the US, Germany, China, Korea, Argentina, Brazil, Mexico, and Venezuela, including movies, cartoons and sports channels.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-19 Millicom International Cellular SA - Rwanda Business

Rwanda

Millicom International Cellular SA - Rwanda Business is a provider of an advanced fixed and mobile data services in Latin America.

Sell -