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Articles tagged with: Millicom International and Millicom
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, latin-america, 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, Lao People'S Democratic Republic
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, comium, 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
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, school, Luxembourg
Vodafone India CEO to Retire at the End of March
Vodafone has announced that the CEO of its Indian subsidiary, Asim Ghosh is to retire in March - and named Marten Pieters as his replacement. Ghosh will however continue as a non-executive member on the board of Vodafone Essar. more
Related Tags: sim, vodafone, lte, reliance-communications, zain, reliance, mumbai, gsm, celtel, airtel, India
Senegal Government Threatens to Cut-Off 1.8 Million Mobile Phone Users
Senegal's government has announced that it is to terminate the mobile license of the Tigo mobile phone network - potentially cutting off some 1.8 million customers - at the end of this month. Tigo, which is the trading name of Sentel GSM is a wholy owned subsidiary of Luxembourg based Millicom International Cellular. more
Related Tags: orange, edge, 3, tigo, hsdpa, sudatel, Senegal
Mexico's America Movil Acquires Nicaraguan Telecom Firm
MEXICO CITY -(Dow Jones)- Mexico's America Movil, Latin America's largest mobile operator, said Thursday that it has acquired a Nicaraguan telecommunications firm as part of its expansion in Central America. more
Related Tags: america-movil, Nicaragua
China Mobile Eyes Overseas Expansion Opportunities
China Mobile is looking at further possible overseas acquisitions in the future - taking advantage of the current global stock market downturn to pick up small operators on the cheap should prices fall to an acceptable level. more
Related Tags: google, china-mobile, cmpak, China
America Movil's Colombian Unit Wins Case Against Telefonica
BOGOTA (Dow Jones)--Comcel, the Colombian mobile unit of Mexico-based America Movil, said Thursday that Colombia's anti-trust regulator has sided with it in a complaint against its main rival over misleading television advertising. more
Related Tags: telefonica, anti-trust, Colombia
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