Briefs: Millicom continues wireless partner buyout

Apr 05, 2006

Millicom International Cellular announced Wednesday another round of buyouts of minority partners in its worldwide cell-phone business.

The Luxembourg-based company said its most recent transactions gave it 100-percent control of Paraguay's Telefonica Celular del Paraguay and Sentel GSM in Senegal.

The purchase of the last 4 percent of Telefonica Paraguay and 25 percent of Sentel comes on the heels of similar deals carried out recently in Ghana, Sierra Leone and Tanzania.

"Our strategy is to continue to buy out minority holdings when we have the opportunity to do so," Millicom chief executive Marc Beuls said in a statement. "The acquisition of minority holdings ... enables us to control fully the revenues of these businesses which we know well and believe to have excellent prospects."

Millicom has wireless operations in 16 emerging countries in Asia, Africa and Latin America.

Copyright 2006 by United Press International

Explore further: Volvo Cars design team offers concept in rearward baby seating

Related Stories

Solar Impulse 2 pilot becomes aviation legend

4 hours ago

At 62 years of age, Swiss Solar Impulse 2 pilot Andre Borschberg has made aviation history with a record breaking solo flight across the Pacific that he has called "an interior journey".

Facegloria: Facebook for Brazil's Evangelicals

4 hours ago

Fluffy clouds waft across a blue sky as you log in and while you chat with friends, Gospel music rings out: welcome to Facegloria, the social network for Brazilian Evangelicals.

Mexico City proposes regulations for Uber

4 hours ago

Mexico City is proposing regulations that would allow Uber and other smartphone-based ride-sharing apps to operate, while requiring drivers and cars to be registered, the city's Office of Legal and Legislative Studies said ...

Researchers discover new mechanism of DNA repair

18 hours ago

The DNA molecule is chemically unstable giving rise to DNA lesions of different nature. That is why DNA damage detection, signaling and repair, collectively known as the DNA damage response, are needed.

Recommended for you

Solar Impulse 2 pilot becomes aviation legend

Jul 04, 2015

At 62 years of age, Swiss Solar Impulse 2 pilot Andre Borschberg has made aviation history with a record breaking solo flight across the Pacific that he has called "an interior journey".

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.