Edition:
United States

Millicom Adds Mobile To Its Cable Footprint With Acquisition Of Telefónica’S Operations In Panama, Costa Rica And Nicaragua


Wednesday, 20 Feb 2019 04:11pm EST 

Feb 20 (Reuters) - Millicom International Cellular SA ::MILLICOM ADDS MOBILE TO ITS CABLE FOOTPRINT WITH ACQUISITION OF TELEFÓNICA’S OPERATIONS IN PANAMA, COSTA RICA AND NICARAGUA.MILLICOM - IS PAYING $1.65 BILLION TO ACQUIRE LEADING MOBILE ASSETS THAT COMPLEMENT MILLICOM'S CABLE OPERATIONS IN PANAMA, COSTA RICA, AND NICARAGUA.MILLICOM - TO GET DEAL SYNERGIES, EXPECTS TO INCUR PRE-TAX INTEGRATION COSTS OVER FIRST TWO YEARS OF APPROXIMATELY $100 MILLION.MILLICOM - EXPECTS TO GENERATE ANNUAL RUN-RATE OPEX AND CAPEX SYNERGIES OF $35-50 MILLION FROM DEAL.MILLICOM INTERNATIONAL CELLULAR - PROJECTED OPEX AND CAPEX SYNERGIES FROM DEAL ARE EXPECTED TO BE LARGELY REALIZED BY 2021 AND FULLY REALIZED BY 2023.MILLICOM INTERNATIONAL CELLULAR SA - TO ACHIEVE DEAL SYNERGIES, CO EXPECTS TO INCUR PRE-TAX INTEGRATION COSTS OVER FIRST 2 YEARS OF ABOUT $100 MILLION.MILLICOM INTERNATIONAL CELLULAR SA - IDENTIFIED POTENTIAL REVENUE SYNERGIES EQUIVALENT TO AN ADDITIONAL NPV OF APPROXIMATELY $250 MILLION.