MillicomRSS

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

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.

Millicom extends Helios partnership to DRC

The DRC deal is Millicom's third deal with Helios this year

Developing markets specialist operator Millicom has struck a deal with African tower firm Helios Towers that will see ownership of 729 of the towers in its network in the Republic of the Congo (DRC) transferred to Helios. Under the deal, Millicom’s local operation Tigo will receive at least $45m in cash upfront and retain a significant minority interest in Helios’ own DRC subsidiary, Helios Towers DRC (HTD).

VimpelCom buys into Laos

VimpelCom has struck a deal to acquire a 78 per cent stake in Millicom Lao

Second placed Russian carrier VimpelCom said Thursday that it has struck a deal to acquire a 78 per cent stake in Laotian mobile operator Millicom Lao for around $66m.

Latin Americans to get 3G

Millicom International Cellular, the mobile carrier headquartered in Luxembourg, has launched 3G services in Guatemala, Honduras and, Bolivia. The launches in Paraguay, El Salvador and Colombia will follow today, tomorrow and before the end of this year respectively, completing the roll-out of 3G across all six of its markets in Latin America. Millicom says that [...]

Millicom says ‘Ola’ to Columbia

Luxembourg-based Millicom International Cellular (MIC) has emerged as the winner of a controlling stake in third placed Columbian operator, Columbia Movil, which operates under the Ola brand. Millicom has acquired a 50 per cent plus 1 share controlling stake in the Columbian operator for a consideration of $125m. Including this initial equity contribution, Millicom expects [...]