Millicom sells Cambodian mobile network – Mobile World Live

Millicom sells Cambodian mobile network

20 OCT 2009

Millicom International has sold its Cambodian mobile network subsidiary to its local partner The Royal Group for US$346 million, reports Cellular News. The sale comprises Millicom’s 58.4 percent holdings in CamGSM, Royal Telecam International and Cambodia Broadcasting Services. The transaction values the Cambodian operations at an enterprise value of US$605 million, which represents 7.1x estimated 2009 EBITDA.

 

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