Davis Polk is advising Millicom International Cellular S.A. on the sale to Orange S.A. of its business in the Democratic Republic of Congo, which is operated under the brand “Tigo.” The mobile market in the DRC is undergoing significant growth and is currently the largest mobile market in Central and West Africa after Nigeria with more than 40 million subscribers. This transaction is subject to customary closing conditions.

Millicom is a leading telecom and media company dedicated to emerging markets in Latin America and Africa. Orange is one of the world’s leading telecommunications operators with sales of €39 billion in 2014.

The Davis Polk corporate team includes partner Jacques Naquet-Radiguet and associate Jean-Christophe Devouge. All members of the Davis Polk team are based in the Paris office.