M&A Deal Summary

Maroc Telecom Acquires Millicom International Cellular SA - Chad Business

On March 14, 2019, Maroc Telecom acquired communications company Millicom International Cellular SA - Chad Business from Millicom International Cellular

Acquisition Highlights
  • This is Maroc Telecom’s 1st transaction in the Communications sector.
  • This is Maroc Telecom’s 1st transaction in Chad.

M&A Deal Summary

Date 2019-03-14
Target Millicom International Cellular SA - Chad Business
Sector Communications
Buyer(s) Maroc Telecom
Sellers(s) Millicom International Cellular
Deal Type Divestiture

Target

Millicom International Cellular SA - Chad Business

Chad
Millicom International Cellular SA - Chad Business is a provider of digital services in the country, is in line with Millicom’s stated objective of increasing its focus on Latin America.

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Buyer(S) 1

Buyer

Maroc Telecom

Rabat, Morocco

Category Company
Founded 1998
Sector Communications
Employees10,714
DESCRIPTION

Maroc Telecom is a telecommunications company providing a wide range of services including mobile, fixed-line, internet, and digital television. With a significant market presence in Morocco and several African countries, the company plays a role in connecting people and businesses across the region. Maroc Telecom was formed in 1998 and is based in Rabat, Morocco.


DEAL STATS #
Overall 1 of 1
Sector: Communications M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Chad M&A 1 of 1
Year: 2019 M&A 1 of 1

Seller(S) 1

SELLER

Millicom International Cellular

Luxembourg, Luxembourg

Category Company
Founded 1990
Sector Communications
Employees14,000
Revenue 5.8B USD (2024)
DESCRIPTION

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


DEAL STATS #
Overall 3 of 3
Sector: Communications M&A 2 of 2
Type: Divestiture M&A Deals 3 of 3
Country: Chad M&A 1 of 1
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-20 Telefónica SA - Telefonica CAM

Madrid, Spain

Telefónica SA - Telefonica CAM is the second largest mobile provider in Costa Rica, with about 8.7 million total customers. Telefonica CAM consists of Telefónica Móviles Panamá, S.A., Telefónica de Costa Rica TC, S.A. (and its wholly owned subsidiary, Telefónica Gestión de Infraestructura y Sistemas de Costa Rica, S.A.) and Telefonía Celular de Nicaragua, S.A.

Buy $1.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-05-21 Telefónica Uruguay

Montevideo, Uruguay

Telefónica Uruguay is a provider of telecommunications, innovation, and connectivity solutions for businesses and consumers. Telefónica Uruguay is based in Montevideo, Uruguay.

Buy $440M