Millicom books investor meetings after acquiring controlling stake in Cable Onda

Millicom books investor meetings after acquiring controlling stake in Cable Onda

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Telecommunications operator Millicom will conduct investor meetings ahead of a potential bond sale to help partially fund its proposed acquisition of Panama's Cable Onda. Swedish-listed Millicom, which operates the Tigo brand throughout Latin America, mandated BNP Paribas, Goldman Sachs, Scotiabank and JPMorgan to lead proceedings for a possible $500m, eight-year non-call three sale. On Sunday, the company agreed to buy an 80% stake in Cable Onda for $1bn, based on an enterprise value of $1.46bn

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