A report in the East African Business Week says that the government of Tanzania is preparing to launch a probe into the ownership status of local mobile operator MIC Tanzania Limited (Tigo), following questions from members of parliament who want to know why it is wholly foreign-owned contrary to local law – and specifically the Electronic and Postal Communications Act (EPOCA) of 2010. Tigo Tanzania is a 100% owned subsidiary of Millicom International Cellular (MIC), which in January 2006 bought out the 15.6% stake owned by then non-controlling shareholder Ultimate Communications Limited for USD1.332 million, to assume full control
Read the original:
OVETEL Government to launch probe into Tigo Tanzania’s ownership, paper says
No comments:
Post a Comment