Millicom wins ownership dispute in Tanzania

milicom 27Millicom provides high-speed broadband and innovation around the digital lifestyle services through its principal brand, Tigo. (Image source: Paul Saad/Flickr)Millicom, an international telecommunications and media company, owns and controls that MIC Tanzania Limited (operating as Tigo Tanzania), as reaffirmed by the Court of Appeal of Tanzania, the country’s highest court

This ruling follows an improper filing of shareholder claims by a third party alleging to have acquired shares through proceedings that have now been quashed by the Court of Appeal.

The commercial register will now be corrected to show the Millicom group as the ultimate owner of 100 per cent of the shares in Tigo Tanzania.

“Millicom is committed to the highest ethical business standards and to full compliance with all applicable laws and regulations in every market in which the company operates,” said the company reporting to the press.

Millicom is a leading provider of cable and mobile services dedicated to emerging markets in Latin America and Africa. The company provides high-speed broadband and innovation around the digital lifestyle services through its principal brand, Tigo.

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