Itissalat Al-Maghrib (IAM) S.A. (CBSE:IAM) agreed to acquire Millicom Tchad S.A. from Millicom International Cellular S.A. (NasdaqGS:TIGO) on March 14, 2019. The completion of the transaction is subject to the approval of the Chadian authorities. Lazard acted as financial advisor to Millicom International Cellular S.A. HSBC Bank plc acted as financial advisor to Itissalat Al-Maghrib (IAM) S.A. (CBSE:IAM).

Lubomir Roglev, Seynabou Kandji, David Hountondji, Gacia Kazandjian, Julia Folgoas, Xavier Lacaze and Rémi Kircher of DS Avvocati Santa Maria Tristano Ziccardi acted as legal advisors for Itissalat Al-Maghrib. Jacques Naquet-Radiguet, and William H. Aaronson of Davis Polk & Wardwell LLP acted as legal advisor for Millicom.