Brief: Millicom Adds Mobile To Its Cable Footprint With Acquisition Of Telefónica’S Operations In Panama, Costa Rica And Nicaragua

Millicom International Cellular SA

20/02/2019 21:39

Feb 20 (Reuters) - Millicom International Cellular SA
 TIGOsdb.ST :
    * MILLICOM ADDS MOBILE TO ITS CABLE FOOTPRINT WITH
ACQUISITION OF 
TELEFÓNICA’S OPERATIONS IN PANAMA, COSTA RICA AND NICARAGUA
    * MILLICOM - IS PAYING $1.65 BILLION TO ACQUIRE LEADING
MOBILE
ASSETS THAT COMPLEMENT MILLICOM'S CABLE OPERATIONS IN PANAMA,
COSTA RICA, AND NICARAGUA
    * MILLICOM - TO GET DEAL SYNERGIES, EXPECTS TO INCUR PRE-TAX
INTEGRATION COSTS OVER FIRST TWO YEARS OF APPROXIMATELY $100
MILLION
    * MILLICOM - EXPECTS TO GENERATE ANNUAL RUN-RATE OPEX AND
CAPEX
SYNERGIES OF $35-50 MILLION FROM DEAL
    * MILLICOM INTERNATIONAL CELLULAR - PROJECTED OPEX AND CAPEX
SYNERGIES FROM DEAL ARE EXPECTED TO BE LARGELY REALIZED BY 2021
AND FULLY REALIZED BY 2023
    * MILLICOM INTERNATIONAL CELLULAR SA - TO ACHIEVE DEAL
SYNERGIES,
CO EXPECTS TO INCUR PRE-TAX INTEGRATION COSTS OVER FIRST 2 YEARS
OF ABOUT $100 MILLION
    * MILLICOM INTERNATIONAL CELLULAR SA - IDENTIFIED POTENTIAL
REVENUE SYNERGIES EQUIVALENT TO AN ADDITIONAL NPV OF
APPROXIMATELY $250 MILLION

Source text for Eikon:  ID:nGNX24Wkf0 
Further company coverage:  TIGOsdb.ST 

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