Zantel
About Zantel
Zantel is a company founded in 1999 was acquired by Millicom in June 2015.. Zantel operates in a competitive market with competitors including MTN, Jio, Airtel, Optus and AT&T, among others.
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Sectors
Telecommunications
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
Millicom
(Jun 05, 2015)
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Funding Insights of Zantel
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Zantel
Zantel has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Millicom | Tigo. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Millicom | Tigo is engaged in providing mobile and digital services.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Zantel
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Zantel
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Zantel Comparisons
Competitors of Zantel
Zantel operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as MTN, Jio, Airtel, Optus and AT&T, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
MTN Group is recognized as a leading telecommunications provider in Africa.
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Provider of telecommunication services
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Airtel is recognized as a provider of telecommunications and internet services.
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Mobile internet services are provided for homes and offices.
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Mobile internet, TV, and telecommunication services are provided.
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Telecommunication services are delivered in the Middle East and Africa.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Zantel
Frequently Asked Questions about Zantel
When was Zantel founded?
Zantel was founded in 1999.
Who is the current CEO of Zantel?
Ali Jarsh is the current CEO of Zantel.
What does Zantel do?
Zantel was established in 1999 as a mobile telecommunication provider operating in Zanzibar. Services including 2G and 3G connectivity are delivered through a network of 545 base transceiver stations. Mobile payment options are also available to users. In 2015, an 85 stake was acquired by Millicom International Cellular, positioning Zantel as Tanzanias second-largest operator, while a 15 stake is held by the government.
Who are Zantel's investors?
Zantel has 1 investor. Key investors include Millicom | Tigo.