Africell Holding completes acquisition of Millicom SL

27 Nov 2009

Africell Holding, a subsidiary of Lebanon-based telecoms group Lintel, has announced it has completed the acquisition of Millicom SL, Millicom International Cellular’s (MIC’s) mobile division in Sierra Leone, following final regulatory approval. Africell Holding already operates in Sierra Leone through its wholly owned subsidiary, Lintel SL, which provides mobile services under the banner Africell SL. The new owners claim that the acquisition and the ensuing merger of Africell SL and Millicom SL will further consolidate Africell’s leading market share to more than 55% of the total GSM telephony market.