Davis Polk Advises Millicom on the Sale of Its Operations in Senegal to Wari
Davis Polk is advising Millicom International Cellular S.A. on the sale to Wari Group S.A. for $129 million of its business in Senegal, which is operated under the brand “Tigo.” The transaction is subject to regulatory approvals.
Millicom is a leading telecom and media company dedicated to emerging markets in Latin America and Africa. Wari Group, based in Senegal, is a leading platform for digital financial services in Africa.