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TeleGeography notes that Etisalat has submitted a binding offer to buy 100 percent of Millicom’s Sri Lankan operation Tigo.

The future of the fourth Nigeria 3G license is the subject of speculation following reports that its owner - Nigerian conglomerate Dangote Group - cannot afford to launch services

Indian operator Reliance Communications (R-Com) is to partly sell-off its tower business in an IPO that could fetch the company US$1 billion. R-Com's owner - billionaire businessman Anil Ambani - told an annual general meeting of shareholders yesterday that the operator would offer 10 percent of its tower business, Reliance Infratel, to investors, reports Financial Times.

Luxembourg-based Millicom has sold its Tigo-branded mobile network in Sri Lanka to Etisalat for US$155 million in cash, ending months of speculation over the identity of an eventual acquirer. Previous names in the frame include Bharti, BSNL, VimpelCom, Axiata and NTT Docomo.