Why This Wireless Company Is Exiting Africa and Doubling Down on Latin America

Millicom International Cellular (NASDAQ: TIGO) provides telephone, pay-TV, and internet services to markets across Latin America and Africa. Historically, the telecom had a large African presence, but in recent years, it has exited most of its markets there. At the same time, it has made a series of bold acquisitions in Latin America.

Why has Millicom gone down this path?

Millicom has telecom operations in Latin America and Africa, but its business today is mostly in Latin America. The company was founded in 1990 in partnership with European technology conglomerate Kinnevik Invest (OTC: KINNF).

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Source Fool.com