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).
Gaming presents a valuable revenue source for mobile operators, as Eidos chief Ian Livingstone explained at Broadband World Forum in October. One such firm, global operator group Millicom International Cellular, under its Tigo brand, is aiming to grasp the opportunity by inking a deal with mobile games service provider and publisher Thumbstar Games. The deal covers various countries in Latin America as well as Africa.
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.
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.
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 [...]
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 [...]