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.

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.