Millicom Archives - Page 12 of 12 - Mobile World Live


Report: Etisalat interested in Sri Lanka

Telecompaper, citing a report in Lanka Business, notes that UAE-based operator Etisalat is considering an investment in Sri Lanka now that the military aspect of its long civil war has largely concluded.

Bharti eyes Tigo, plans Sri Lanka merger

Indian mobile giant Bharti Airtel is mulling a bid for Millicom’s mobile business in neighbouring Sri Lanka, one of the three Asian mobile networks the Luxembourg-based firm put up for sale last month.

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, reports Cellular News.

Bharti mulling Sri Lanka buy

The Wall Street Journal reports that Indian operator Bharti is considering the acquisition of the Sri Lankan operations of Luxemburg-based Millicom International in a deal which could be worth US$100 million to US$120 million.

VimpelCom enters Laos via Millicom acquisition

Millicom has sold a 78 percent stake in its Laos mobile network (‘Millicom Lao Co.’) to Russia’s VimpelCom for US$66 million. The purchase price represents an enterprise value of US$102 million with the Lao government retaining the remaining 22 percent.

BSNL ruled out as race hots up for Tigo Sri Lanka

Millicom has rejected a bid by Indian state-owned operator BSNL to buyout its Tigo-branded mobile network in Si Lanka, reports India’s Economic Times

Tigo Rwanda to launch by year-end

Luxembourg-based operator Millicom plans to launch mobile operations in Rwanda under the Tigo brand by the end of the year, reports Telegeography citing local daily The New Times.

Etisalat buys Millicom’s Sri Lankan ops for US155M

Luxembourg-based Millicom has sold its Tigo-branded mobile network in Sri Lanka to Etisalat for US$155 million in cash, ending months of speculation over the identity of an eventual acquirer. Previous names in the frame include Bharti, BSNL, VimpelCom, Axiata and NTT Docomo.