United States

Millicom signs sale and lease back deal in Paraguay

Wednesday, 26 Apr 2017 01:59am EDT 

April 26 (Reuters) - Millicom :Millicom signs agreement to sell and lease back towers to American Tower in Paraguay.Says its subsidiary Telefonica Celular del Paraguay S.A. (Tigo Paraguay) has agreed to sell approximately 1,400 wireless communications towers .Says as a result of transaction, Tigo Paraguay will receive approximately GS700 billion, equivalent to US $125 million, in cash.