Global Telecom Holding (GTH) has sold its entire 100 percent stake in Telecel Globe Limited (TG), which owns 100 percent of each of U-COM in Burundi and Telecel CAR in Central African Republic, for $65 million, subject to certain post-closing adjustments.
TG was acquired by Econet Wireless Global Limited, a diversified telecommunications group with operations in several countries mainly in Africa.
GTH had previously agreed to sell TG to another purchaser in the first quarter of 2013. That purchaser failed to close the deal and forfeited a deposit it had paid to GTH.