Thursday, July 2, 2009

Tigo Considers Sale of Asian Subsidiaries

Mobile operator Millicom announced that several parties have expressed interest in acquiring its Asian operations up for sale. The company appointed Goldman Sachs to look at strategic options for the activities, including a possible sale.
The Asian operations, which include operators in Sri Lanka, Cambodia and Laos, generated revenues of USD 68 million and net profit of USD 4 million in the first quarter.

No comments: