Millicom CEO says none of its assets is for sale

Related Topics

STOCKHOLM, July 22 | Tue Jul 22, 2008 9:58am EDT

STOCKHOLM, July 22 (Reuters) - The chief executive of niche telecom operator Millicom MICC.O (MICsdb.ST) said none of the 16 assets the firm owns in emerging markets around the world is for sale. Millicom, a niche player which specialises in emerging markets, earlier said earnings before interest, tax, depreciation and amortisation totalled $352 million, up from $263 million a year earlier and slightly lagging a forecast for $355 million.

Chief Executive Marc Beuls, speaking in response to a question at an analysts' conference, said he wanted to clarify that none of the assets was for sale and the firm was focused on growth.

Related Quotes and News

Company
Price
Related News
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.