Africell Holding SAL Completes Acquisition of Millicom Sierra LeoneBy Lintel, PRNE
Tuesday, November 24, 2009
BEIRUT, Lebanon, November 25 - Africell Holding SAL, a member of the Lintel Group, has completed the
acquisition of Millicom (SL) Limited following the final regulatory approval.
Millicom (SL) is a subsidiary of Millicom International Cellular SA
("Millicom") (Nasdaq Stock Market: MICC and StockholmsbOrsen:MIC)
This acquisition and the ensuing merger of the two entities will further
consolidate Africell's leading market share to more than 55% of the total GSM
telephony market in Sierra Leone.
Africell Holding, through its wholly owned subsidiary, Africell (Sierra
Lone) Limited has been operating in Sierra Leone since 2005. Africell Holding
currently operates two GSM networks; in Gambia and Sierra Leone, both are
market share leaders with respectively 65% and 50% of the market. A third
operation is in the planning as the group has obtained a license to operate a
GSM network in the Democratic Republic of Congo.
Lintel group currently employs around 1,500 between its GSM operations
and its telecom turn-key contractor, Linfra, which operates in 14 countries
across the MENA and Africa.
Contact Elias Arwadi Chief Operating officer email@example.com
Contact: Elias Arwadi, Chief Operating officer, +9613601803, earwadi at lintel.com
Tags: Beirut, Gambia, Lebanon, Lintel, Sierra Leone