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Millicom acquires Panama's Cable Onda for USD 1 bln

2018-10-08 08:41:00| Telecompaper Headlines

(Telecompaper) Millicom has announced an agreement to buy a controlling 80 percent stake in Panamanian cable provider Cable Onda for a cash consideration of around USD 1.002 billion. The transaction values 100 percent of Cable Onda at an enterprise value of USD 1.460 billion and, subject to customary closing conditions and consent from Cable Onda's bondholders, is expected to close by the end of 2018.

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Category:Telecommunications

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