NasdaqGS:TIGOWireless Telecom
Millicom Weighs Growth And Balance Sheet In Chile Telefonica Deal
Millicom International Cellular, ticker NasdaqGS:TIGO, has agreed to acquire Telefonica's Chilean operations in partnership with NJJ.
The deal hands Millicom immediate operational control in Chile while keeping a phased structure for eventual full ownership.
The transaction is designed to give Millicom greater South American scale while seeking to protect its balance sheet.
For investors watching NasdaqGS:TIGO, this deal comes at a time when the stock is trading at $64.57 after a very large...