Senegal president sides with Wari Group over Tigo sale

In the latest development in the ongoing Tigo Senegal sale dispute between Wari Group and Millicom International Cellular (MIC), Senegalese president Macky Sall has issued a decree approving the original deal made in February 2017 for MIC to sell its local Tigo unit to Wari. Agence Ecofin reports that the decree blocks the decision taken on 31 July by MIC to cancel the sale of Tigo to Wari. As reported earlier this week by TeleGeography’s CommsUpdate, MIC had decided to abandon its agreement with Wari, and instead opted to sell its Senegalese subsidiary to a consortium of NJJ, Sofima (managed by Axian Group) and Teyliom Group. Wari denounced this decision by MIC to renege on their agreement and threatened legal action against the Luxembourgish company. With the backing of the country’s president, Wari hopes that the original deal to purchase Tigo Senegal will still go through.