Tag: Millicom

Millicom exits Rwanda to sell unit to Bharti Airtel
Global

Millicom exits Rwanda to sell unit to Bharti Airtel

Another telecom exit has now being confirmed as Millicom announced today that it has signed an agreement for the sale of its Rwanda operations to subsidiaries of Bharti Airtel Limited. The total consideration of the transaction is approximately 6x 2017 adjusted EBITDA, payable over two years, consisting of a mix […]

Millicom, Bharti Airtel complete merger in Ghana
Global

Millicom, Bharti Airtel complete merger in Ghana

As a follow up update to their proposed merger in Ghana, Millicom and Bharti Airtel have completed the transaction. In a statement released by Millicom, the company said: Millicom International Cellular S.A. (“Millicom”), the parent company of mobile operator Tigo Ghana Limited, announced today it has completed the transaction announced […]

Millicom to buy all its 6.625% Senior Notes due 2021
Tech

Millicom to buy all its 6.625% Senior Notes due 2021

Millicom has made a tender offer on the terms and subject to the conditions set forth in the Tender Offer Memorandum dated 11 September 2017. Separately, Millicom today issued a Conditional Notice of Redemption in respect of all Notes that remain outstanding on 15 October 2017. In addition, Millicom separately […]

Millicom second quarter EBITDA falls by 0.5%
Tech

Millicom second quarter EBITDA falls by 0.5%

Millicom said its second quarter earnings before interest, depreciation and AMORTIZATION, EBITDA fell slightly by 0.5%. EBITDA for the quarter missed analyst estimates to come in at USD535 million as against USD586 million disclosed last year. Total revenue of USD1,517 million declined 1.5% year-on-year as reported and by 1.8% on […]

Millicom closes USD300 million loan in Colombia
Global

Millicom closes USD300 million loan in Colombia

Swedish telecom group, Millicom International Cellular S.A. said its subsidiary Colombia Movil has raised USD300 million syndicated loan. Millicom said the loan, denominated in US dollars, carries an interest rate of 250 basis points over LIBOR and has an average maturity of 4.5 years. The Colombian unit of the group […]