Millicom

Discussions on a potential buyout of operator group Millicom by Apollo Global Management and former Sprint CEO Marcelo Claure’s investment company were terminated without a deal being struck.

Millicom finalizó el ejercicio 2022 con unos excelentes resultados trimestrales.

Millicom rounded off 2022 with a strong quarterly performance, which CEO Mauricio Ramos (pictured) noted brought market share gains across its mobile and fixed operations despite a more challenging macroeconomic and competitive environment.

Former Sprint CEO Marcelo Claure teamed with private equity company Apollo Global Management to launch a potential takeover bid for Latin American operator Millicom, a deal which could be valued at around $9 billion.

Millicom division Tigo Money signed an agreement with Visa to supply physical and virtual payment cards tied to mobile money accounts, a move lauded by the pair as aiding financial inclusion in Latin America.

Tigo Money, la filial de Millicom especializada en dinero móvil, ha firmado un acuerdo con Visa para suministrar tarjetas de pago físicas y virtuales vinculadas a sus cuentas.

Millicom CEO Mauricio Ramos (pictured) indicated the company performed strongly in Q2 with growth across all of its countries, as it progressed a plan to separate its financial technology and infrastructure assets.