Home Business Millicom buys Telefonica mobile businesses in Central America

Millicom buys Telefonica mobile businesses in Central America

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Millicom reported today that it will purchase Telefónica’s organizations in Panama, Costa Rica and Nicaragua, for an estimation of US $ 1,650 million. The organization, a similar controller of Tigo Une in Colombia, illuminated that “the exchange is liable to administrative endorsements in each market and is relied upon to close amid the second 50% of 2019.”

Telefonica CAM, features an announcement from Millicom, “is the market head in portable administrations in Panama and Nicaragua and the second biggest versatile specialist organization in Costa Rica, with roughly 8.7 million all out customers.” With this move, the Spanish organization will have finished the closeout of every one of its activities in Central America.

The organization included that it controls and works link arranges in every one of the three nations, “so the exchange speaks to an astounding supplement to Millicom’s current activities.”

“Presently we have both fixed and portable in each market in which we work in Latin America,” said Mauricio Ramos, CEO of Millicom, about the business, in which Goldman Sachs and Co. LLC and Morgan Stanley and Co. Universal went about as guides of the media communications firm that works under the Tigo brand.

“This exchange is a piece of the benefit the executives approach of the Telefónica Group, in light of a procedure of significant worth creation, advancement of profit for capital and key situating,” said Telefónica, as revealed by the organization. EFE organization.

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