MICRSS

Millicom offloads Colombian towers

The operator and tower firm believe a collocation model provides them with significant value through capex savings and time to market advantage
July 19, 2011 Written by James Middleton

Developing markets operator Millicom International Cellular, said Monday that its Colombian subsidiary had agreed to sell 2,126 cell towers to America Tower for $182m in cash.

Tags; American Tower, Colombia, MIC, Millicom, Americas, Network sharing, Networks, News & Analysis, Operator

Millicom grabs third Rwandan licence

November 17, 2008 Written by James Middleton

Luxembourg-based carrier Millicom International Cellular (MIC) said Monday it has been awarded the third national mobile licence for Rwanda. Millicom, which operates in a variety of emerging markets including neighbouring African countries Tanzania and the Democratic Republic of Congo, said it will own 87.5 per cent of a newly created joint venture firm in partnership [...]

Tags; MIC, Rwanda, Africa, News & Analysis, Operator

China Mobile snaps up Paktel

January 22, 2007 Written by James Middleton

Millicom International Cellular (MIC) said on Sunday that it has signed an agreement for the sale of its 88.6 per cent holding in Pakistani mobileco, Paktel, to China Mobile for a cash consideration of $284m. The transaction implies a total enterprise valuation for of $460m for Paktel. Heavy investments in Pakistan have been a drain [...]

Tags; MIC, Asia Pacific, News & Analysis