Millicom (Tigo) Announces Potential Acquisitions In Colombia
July 31 (Reuters) -Millicom International Cellular SA MICC.F:
MILLICOM (TIGO) ANNOUNCES POTENTIAL ACQUISITIONS IN COLOMBIA
DISCUSSIONS INCLUDE POTENTIAL ACQUISITION BY MILLICOM OF TELEFONICA’S STAKE IN TELEFONICA COLOMBIA (COLTEL) FOR APPROXIMATELY $400 MILLION IN CASH
INTENDS TO OFFER TO PURCHASE LA NACION'S AND OTHER MINORITY INTERESTS IN COLTEL FOR CASH AT SAME PURCHASE PRICE PER SHARE OFFERED TO TELEFONICA
INTENDS TO OFFER TO PURCHASE EMPRESAS PUBLICAS DE MEDELLIN’S (EPM) 50% INTEREST IN TIGOUNE FOR CASH AT A COMPARABLE VALUATION MULTIPLE AS ONE IMPLIED BY COLTEL ACQUISITION
PLANS TO FUND PROPOSED AGGREGATE INVESTMENT OF APPROXIMATELY $1 BILLION IN CASH AND ASSUMED DEBT WITH EQUITY FREE CASH FLOW PROJECTED OVER NEXT 18 MONTHS
Source text for Eikon: https://tinyurl.com/bdfpjc69
Further company coverage: MICC.F
(Gdansk Newsroom)
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