October 9, 2018 |
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
Swedish-listed telecom picks a quartet of banks to lead a potential $500m, eight-year bond sale