Key Developments: Millicom International Cellular SA (MIICF.PK)

MIICF.PK on OTC Markets Group

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25 Aug 2014
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Latest Key Developments (Source: Significant Developments)

Millicom International Cellular SA completed merger of its Tigo mobile business with UNE, owned by Empresas Públicas de Medellín
Thursday, 14 Aug 2014 01:30pm EDT 

Millicom International Cellular SA:Announced completion of merger of its Tigo mobile business with cable and fixed line operator UNE, owned by Empresas Públicas de Medellín (EPM).Says merger of two operations will create business offering comprehensive range of bundled digital services to millions of households including mobile and fixed telephony, mobile and fixed products.Merger of two operations will create exploit complementary offerings of Tigo with UNE and its affiliates and execute key component of Millicom's strategy to double revenue by 2017 and increase its profitability.  Full Article

Millicom receives final regulatory approval for merger of Tigo operation in Columbia with UNE
Sunday, 3 Aug 2014 02:00am EDT 

Millicom International Cellular SA:Says the proposed merger of the company's Tigo operation in Colombia with UNE has been given approval by the country’s Finance Superintendent.Says will now work with EPM, the owner of UNE, to complete the transaction.  Full Article

Millicom International Cellular SA sells 50 pct share in Mauritius business to partner Currimjee
Wednesday, 16 Jul 2014 02:01am EDT 

Millicom International Cellular SA:Says the company, and its Mauritius business partner Currimjee Jeewanjee & Co Ltd jointly have signed an agreement whereby Currimjee will purchase Millicom's fifty per cent shareholding in Emtel Ltd.  Full Article

Millicom announces revolving credit facility of $500 mln
Friday, 6 Jun 2014 04:00am EDT 

Millicom International Cellular SA:Completes revolving credit facility of $500 million.The facility comprises a $200 million two-year tenor tranche with a one-year extension option, and a $300 million three-year tenor tranche with two one-year extension options.The loan was arranged by Mandated Lead Arrangers & Bookrunners: BNP Paribas, Citi, DNB and Scotiabank.Additionally eight Mandated Lead Arrangers joined the facility during syndication: Banco Itau BBA, Barclays, Credit Agricole CIB, Goldman Sachs, J.P. Morgan, Morgan Stanley, Nordea and RBS.  Full Article

ADC African Development Corporation AG announces sale of RSwitch to Millicom International Cellular SA
Monday, 2 Jun 2014 04:52am EDT 

ADC African Development Corporation AG:Announces sale of RSwitch.Says sale on the basis of an enterprise valuation of $6.5 million.Says buyer is Millicom International Cellular SA.  Full Article

Millicom International Cellular SA proposes dividend
Tuesday, 27 May 2014 05:54am EDT 

Millicom International Cellular SA:Says gross dividend of $2.64 per share shall be distributed to shareholders/SDR holders around June 5.  Full Article

Millicom International Cellular announces Cristina Stenbeck Chairman
Tuesday, 27 May 2014 05:40am EDT 

Millicom International Cellular SA:Appoints Cristina Stenbeck Chairman of the Board.She has been newly elected to the Board.  Full Article

Millicom International Cellular SA to provide exclusive content of 2014 FIFA World Cup Brazil through Tigo in Latin America
Tuesday, 6 May 2014 04:00am EDT 

Millicom International Cellular SA:Acquires certain media rights to 2014 FIFA World Cup Brazil that will allow Tigo customers in seven Latin American countries to enjoy live coverage of the 2014 FIFA World Cup on their mobile handsets and via broadband Internet.Millicom has exclusive mobile transmission rights for Colombia, Costa Rica and Honduras whose national teams have succeeded in qualifying for final tournament of the 2014 FIFA World Cup, as well as Guatemala, El Salvador and Paraguay whilst in Bolivia these rights are non-exclusive.Millicom also has the non-exclusive broadband Internet rights in the same countries.  Full Article

Millicom International Cellular proposes FY 2013 dividend
Friday, 25 Apr 2014 02:00am EDT 

Millicom International Cellular SA:Proposes to distribute a dividend for the fiscal year 2013 at an aggregate of approximately $264 million corresponding to a gross dividend amount of $2.64 per share.  Full Article

Millicom International Cellular SA reiterates FY 2014 financial guidance
Thursday, 24 Apr 2014 02:00am EDT 

Millicom International Cellular SA:Says its FY 2014 guidance has been reiterated.Expects FY 2014 revenue growth to accelerate at mid to high single digit rate versus comparable 5.5 pct in 2013.Expects FY 2014 revenue growth to exceed 15 pct.Says FY 2014 EBITDA margin will stabilize around the mid -30s pct mark (after corporate costs).FY 2013 revenue of $5,159 mln.FY 2014 revenue of $6,393,33 mln – Thomson Reuters I/B/E/S.  Full Article

Millicom gets final regulatory nod for Colombia merger

STOCKHOLM, Aug 3 - Emerging markets telecoms and media group Millicom said it had received final regulatory approval for a deal in Colombia to combine its mobile business with the fixed-line business of Empresas Publicas de Medellin (EPM).

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