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Bharti Airtel on Wednesday said it has received approval from the Rwanda Utilities Regulatory Authority for the acquisition of Tigo Rwanda, a subsidiary of Millicom International Cellular. The merged entity will have the largest customer base in Rwanda with 5.9 million subscribers, the company said.
The combined network will provide customers with voice/data services, global roaming and mobile banking services. It will also have Rwanda’s largest sales and distribution network, Airtel said. “The merger will also result in the only negative EBITDA OpCo joining other 13 positive EBITDA OpCos in Africa,” it said.
On completion, the acquisition will undergo seamless integration, both on the customer as well as the network side, and further strengthen Airtel’s market position in Rwanda, the company said.
With presence in 14 countries across Africa, Airtel is one of the largest telecom service providers on the continent in terms of geographical reach, and had close to 84 million customers at the end of the quarter ended December 30, 2017. Globally, Airtel is ranked the third-largest mobile services provider in terms of customer base.
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