Millicom (Tigo) closes Guatemala transaction

Rhea-AI Summary

Millicom (Tigo) has successfully closed a significant transaction acquiring the remaining 45% equity interest in its joint venture businesses in Guatemala. This acquisition is a strategic move aimed at enhancing its market position in the region. The announcement was made on November 12, 2021, as the company continues to expand its footprint in Latin America and deliver high-speed broadband services to its customers. Millicom aims to leverage this acquisition to strengthen its operational capabilities and deliver improved services.

Positive

• Acquisition of additional 45% equity interest in Guatemala enhances market position.
• Expansion of operational capabilities in Latin America.

Negative

• None.

Millicom (Tigo) closes Guatemala transaction

Luxembourg, November 12, 2021 - Millicom announced today that it has closed the previously-announced agreement to acquire the remaining 45% equity interest in its joint venture businesses in Guatemala.

For further information, please contact

Press: Vivian Kobeh, Director Corporate Communications +1-786-628-5300 press@millicom.com   Yocasta Valdez, Group Manager Digital Media & Communications +1-305-929-5417 press@millicom.com

Investors: Michel Morin, VP Investor Relations +1-786-628-5270 investors@millicom.com   Sarah Inmon, Director Investor Relations +1-786-628-5303 investors@millicom.com

About Millicom

Millicom (NASDAQ U.S.: TIGO, Nasdaq Stockholm: TIGO_SDB) is a leading provider of fixed and mobile services dedicated to emerging markets in Latin America and Africa. Millicom sets the pace when it comes to providing high-speed broadband and innovation around The Digital Lifestyle® services through its principal brand, TIGO. As of December 31, 2020, Millicom operating subsidiaries and joint ventures employed more than 21,000 people and provided mobile services to approximately 55 million customers, with a cable footprint of more than 12 million homes passed. Founded in 1990, Millicom International Cellular S.A. is headquartered in Luxembourg. For more information, visit: millicom.com. Connect with Millicom on Twitter, Instagram, Facebook and LinkedIn.

 

Attachment

• Press Release_Millicom Tigo closes Guatemala transaction _111221

FAQ

What is the recent transaction by Tigo in Guatemala?

Tigo has closed an acquisition of the remaining 45% equity interest in its joint venture businesses in Guatemala.

When was the Tigo Guatemala transaction announced?

The transaction was announced on November 12, 2021.

How will the Tigo acquisition in Guatemala impact its operations?

The acquisition is expected to enhance Tigo's market position and operational capabilities in the region.

What percentage of equity interest has Tigo acquired in Guatemala?

Tigo has acquired an additional 45% equity interest in its joint venture businesses in Guatemala.