Millicom exits from Mauritius telecoms Emtel

Telecom service provider Millicom has sold its 50 percent stake in Emtel to Mauritius business partner Currimjee Jeewanjee & Co.

The main focus of Millicom’s will be to make major investments in Latin America and in Africa. Millicom is parting ways after 25 years of investment collaboration in Mauritius.

Millicom, historical partner of Emtel, will continue to remain a close collaborator through the Business Support Agreement it has with Emtel.

Meanwhile, Millicom announced 9 percent growth in the second quarter of 2014.

Millicom said its Colombia business posted 27 percent increase in service revenue, while revenue growth for Cable & Digital Media was 16 percent.

FIFA World Cup app downloaded over 600,000 times fuelled mobile data growth. Mobile data business growth was 22.7 percent.

Its mobile financial services added 114,000 new customers recording strong take-up in Honduras and El Salvador taking the base to over 7.4 million and a penetration of 18.1 percent (excluding Senegal recently launched). Revenue and volume of usage continue to grow strongly at +41 percent and +37 percent respectively.

Latest

More like this
Related

T-Mobile offers $5 device connection plan for customers

Starting October 17, T-Mobile is launching a new offer...

Airtel launches Green 5G initiative focusing on energy-efficiency

Bharti Airtel has announced an innovative collaboration with Nokia...

India Mobile Congress 2024 to present 900 start-ups

The India Mobile Congress (IMC) 2024 said more than...

Vodafone and Google ink 10-year partnership

Vodafone and Google announced a 10-year partnership to bring...