In February 2006, after buying out its minority shareholders, the
Luxemburg-based pan-African mobile
operator Millicom International Cellular announced to take a full control of three of its African-based
Mobile operators including MIC Tanzania limited.
In
Tanzania a
USD 1.332
million deal enables
Millicom to acquire the remaining 16%
stake it did not already own after the cellco's minority
shareholders agreed to cancel their call option on the
business. Since then
Millicom is the full controller of the company.