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: Samsung delays Tizen smartphone sales launch

add to favorites email to friend print save as pdf

Related Stories

The source of the sky's X-ray glow

17 hours ago

In findings that help astrophysicists understand our corner of the galaxy, an international research team has shown that the soft X-ray glow blanketing the sky comes from both inside and outside the solar system.

Vietnam's taste for cat leaves pets in peril

1 hour ago

The enduring popularity of "little tiger" as a snack to accompany a beer in Vietnam means that cat owners live in constant fear of animal snatchers, despite an official ban.

Recommended for you

Samsung delays Tizen smartphone sales launch

4 minutes ago

Samsung Electronics said Monday it would postpone the roll-out of its new smartphone based on Tizen, a home-grown operating system aimed at breaking away from Google's Android system.

Startup offers elderly an Internet key to family links

Jul 27, 2014

Two grandmothers mystified by computer tablets have inspired a French-Romanian startup to develop an application and service to help the elderly stay in touch with their relatives through the Internet.

Scalping can raise ticket prices

Jul 25, 2014

Scalping gets a bad rap. For years, artists and concert promoters have stigmatized ticket resale as a practice that unfairly hurts their own sales and forces fans to pay exorbitant prices for tickets to sold-out concerts. ...

User comments : 0