Dar es Salaam. November 4th, 2019. MIC Tanzania Public Limited Company (Tigo), announced today the completion of the combination with its sister company Zanzibar Telecom Public Limited Company (Zantel).
Further to the receipt of approval from the relevant authorities, the process to transfer ownership of the shares in Zantel to Tigo is now complete. The successful closing will now see both companies combine their operations in the mainland and in Zanzibar.
Commenting on the transaction, Simon Karikari, Managing Director of Tigo, highlighted that combining the sister companies is in Tanzania’s interest: “Through combining our operations in Tanzania – Tigo and Zantel – I firmly believe we will create a more inclusive future for Tanzanian telecommunications. Both Tigo and Zantel customers will be able to enjoy enhanced services and a more consolidated market will help drive forward innovation in the sector more broadly.”
The combined business will bring together the strengths of Tigo and Zantel to better serve customers both in the mainland and in Zanzibar. The combined group will offer improved coverage and better quality of service to customers in both urban and rural Tanzania, enabling also wider access to communication solutions for businesses as well as mobile financial services to Tigo and Zantel customers.
As both companies are coming together with the goal of supporting the development of Tanzania, the result should only lead to success.
The integration process between the two companies will start soon. However, customers can continue enjoying their services on Tigo and Zantel respectively. Customers’ SIM cards and mobile numbers will not change. There will be no interruption to customers’ experience on both networks during the integration process.
Tigo Tanzania is Tanzania’s leading digital lifestyle telecommunications company. Tigo started its operations in Tanzania in 1995. Through its distinctive and diverse product portfolio in voice, SMS, high-speed internet and mobile financial services, Tigo has pioneered digital innovations such as the first Smartphone in Swahili, Free Facebook in Swahili, TigoPesa App, Tigo Mobile App as well as the first East African cross-border mobile money transfer with currency conversion.