0
Wireless

Millicom closes acquisition of Telefonica's Nicaragua unit

Thursday 16 May 2019 | 15:40 CET | News
Luxembourg-based Millicom has closed the acquisition of Telefonica's Nicaragua unit around 3 months after first announcing the deal. Telefonia Celular de Nicaragua is the number one mobile operator in the country and the acquisition will add around 4 million mobile customers and a 4G network accessible to 51 percent of the local population to Millicom's existing cable operation Tigo Nicaragua.

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Millicom / Telefonica / Tigo
Countries: Nicaragua
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Millicom pledges further USD 750 mln Panama investment by 2024

Published 11 Sep 2019 11:38 CET | Panama
Millicom intends to build on last year's USD 1 billion acquisition of Cable Onda and this year's USD 650 million acquisition of ...

Sutel clears Millicom's acquisition of Telefonica Costa Rica

Published 03 Sep 2019 11:37 CET | Costa Rica
Costa Rican telecommunications regulator Sutel has cleared Millicom's acquisition of Telefonica's mobile telecommunications ...

Millicom closes acquisition of Telefonica's Panama subsidiary

Published 30 Aug 2019 08:51 CET | Panama
Millicom has closed the acquisition of Telefonica's Panama unit around 6 months after first announcing the deal. Telefonica ...

Telefonica maintains underlying growth in Q2, in line with outlook

Published 25 Jul 2019 08:40 CET | Latin America
Telefonica maintained underlying growth in its results in the second quarter and reiterated its outlook for a modest increase in ...

ASEP clears Millicom's Movistar Panama buy

Published 23 Jul 2019 15:11 CET | Panama
Millicom has confirmed that Panama's public services authority ASEP finally approved its acquisition of Telefonica's local ...

Millicom grows Q2 revenues 5.4% on acquisitions, operating profit lower

Published 19 Jul 2019 09:07 CET | Latin America
Millicom reported second-quarter revenues up 5.4 percent to USD 1.054 billion, helped by its acquisitions of Cable Onda as well ...

Sweden's Kinnevik to divest Millicom investment

Published 04 Jun 2019 10:08 CET | Latin America
Milllicom has announced that Swedish investment company Kinnevik intends to divest its shareholding in the Latin America-focused ...

Millicom revenues up 5% in Q1 on Cable Onda effect

Published 24 Apr 2019 09:42 CET | Latin America
In Latin America, quarterly EBITDA surged 14.9 percent on a reported basis to USD 591 million, with the EBITDA margin rising by ...

Millicom acquires Telefonica's Panama, Costa Rica and Nicaragua units for USD 1.65 bln

Published 21 Feb 2019 08:56 CET | Costa Rica
Millicom has announced an agreement to acquire Telefonica's mobile telecommunications assets in Panama, Costa Rica and Nicaragua ...

Millicom acquires Panama's Cable Onda for USD 1 bln

Published 08 Oct 2018 08:41 CET | Panama
Millicom has announced an agreement to buy a controlling 80 percent stake in Panamanian cable provider Cable Onda for a cash ...