|
|
Articles tagged with: Millicom International
Millicom Quarterly Revenues Up - Net Profit Down
Millicom International has reported that its third-quarter revenues rose by 7% to US$856 million, while net profit fell toUS$143 million, from US$161 million a year ago. more
Related Tags: broadband
Millicom Sells Sri Lankan Mobile Network to Etisalat
Etisalat is buying the Sri Lankan mobile network, Tigo from its current owners, Millicom International for approximately US$155 million in total cash proceeds. more
Related Tags: tigo, etisalat, millicom, Sri Lanka
VimpelCom Buys Majority Stake in Laos Mobile Network
Millicom has signed an agreement for the sale of its 74.1% holding in its Laos operation, to Russia's VimpelCom for approximately US$65 million in total cash proceeds, payable on completion. The transaction values the entire Laos operation at an enterprise value of approximately $102 million, which represents 7.5x estimated 2009 EBITDA. more
Related Tags: vimplecom, millicom, Laos
Millicom's exit from Asia makes the wireless company's growth more reliant on Africa, where competition is heating up. more
Related Tags:
Millicom Sells Cambodian Mobile Network
Millicom International has sold its Cambodian mobile network subsidiary to its local partner, The Royal Group for US$346 million. The sale comprises Millicom's 58.4% holdings in CamGSM, Royal Telecam International and Cambodia Broadcasting Services. The transaction values the Cambodian operations at an enterprise value of $605 million, which represents 7.1x estimated 2009 EBITDA. more
Related Tags: Cambodia
DoCoMo Eyeing Acquisition in Cambodia
Japan's DoCoMo has confirmed that it is interesting in buying a mobile network in Cambodia. The country has several operators as possible targets, including Millicom's local subsidiary, Mobitel which the parent company has put up for sale. more
Related Tags: docomo, mobitel-, Cambodia
Etisalat Interested in Sri Lanka Investment
Etisalat is reported to be considering an investment in Sri Lanka now that the military aspect of its decades long civil war has largely concluded. An official from the UAE-based operator is currently visiting the tropical island meeting stakeholders, including the Telecommunications Regulatory Commission (TRC). more
Related Tags: etisalat, tigo, trc, towers, Sri Lanka
Millicom Sells Sierra Leone Network
Millicom International has sold its Sierra Leone subsidiary to Africell Holding for an undisclosed amount. The operator, trading as Tigo was earmarked for sale by Millicom late last year, shortly after the regulator announced that all operators would be required to reach a minimum of 50% population coverage by the end of the year. more
Related Tags: africell-holding, tigo, millicom, Sierra Leone
Millicom Q2 Revenues Up 5% - Profits Down by 13%
Millicom International has reported a five percent rise in Q2 revenues to US$814 million compared to a year ago but a drop of 13% in net profits of $114 million, down from the US$132 million a year ago. In Q2 09, Millicom added 1.7 million net new mobile subscribers, reaching 30.8 million total mobile subscribers, an increase of 25% versus Q2 08 as Millicom continues its focus on attracting the more loyal and higher revenue generating customers. more
Related Tags: tigo, base, millicom
New CEO for Millicom International
Luxembourg based telecoms holding firm, Millicom International has announced that Marc Beuls is stepping down as the firm's CEO - and is to be replace by Mikael Grahne, currently Millicom's Chief Operating Officer. more
Related Tags: eu, millicom, Luxembourg