Etisalat considers sales of Zantel

30 Sep 2014

Emirates Telecommunications Corporation, which trades under the name of Etisalat, is said to be working with Deutsche Bank in considering a sale of its Tanzanian mobile and fixed line subsidiary Zanzibar Telecom (Zantel). Bloomberg reports. The Abu Dhabi-based telecommunications service provider currently owns a 65% stake in Zantel, based in Dar es Salaam, and reports have suggested that Zantel’s revenues last year of around USD85 million (according to Etisalat) attracted interest from UK-based Vodafone Group (parent group of Vodacom Tanzania), with potential attention from Millicom International Cellular also. Acquiring the Tanzanian wireless carrier would give access to spectrum in the country where wireless subscribers stood at 28.33 million as at June 2014, up from 25.78 million a year earlier, according to TeleGeography’s GlobalComms Database.

Representatives for Etisalat were unavailable to comment, whilst Vodacom, Millicom and Deutsche Bank declined to say anything on the matter at this time.