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Millicom closes USD 2.2 bln Tigo Guatemala deal

Monday 15 November 2021 | 08:48 CET | News
Millicom, owner of Tigo-branded operations across Latin America and Africa, said it has already closed an agreement to acquire the remaining 45 percent equity interest in Tigo Guatemala from its local partner (Miffin Associates Corp) for a total of USD 2.2 billion in cash. The transaction as announced last week and has been described as the largest ever single foreign investment in the Central American country. It means Millicom now owns 100 percent of Tigo Guatemala, increasing the parent company's equity free cash flow by around USD 200 million in 2021.

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Categories: General
Companies: Millicom / Tigo Guatemala
Countries: Guatemala
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