Brief: Millicom Announces Spectrum License Purchase

Millicom International Cellular SA

21/12/2019 23:06

Dec 21 (Reuters) - Millicom International Cellular SA
 TIGOsdb.ST :
    * MILLICOM ANNOUNCES SPECTRUM PURCHASES
    * MILLICOM-WHOLLY-OWNED SUBSIDIARY OF UNE EPM
TELECOMUNICACIONES
ACQUIRED LICENSES GRANTING RIGHT TO USE TOTAL OF 40 MHZ IN THE
700 MHZ BAND
    * THE 20-YEAR LICENSE WILL EXPIRE IN 2040
    * MILLICOM-COLOMBIA MÓVIL AGREED TOTAL NOTIONAL
CONSIDERATION OF
COP$2.45 BILLION OF WHICH ABOUT 45% IS TO BE MET BY COVERAGE
OBLIGATION IMPLEMENTED BY 2025
    * MILLICOM- CO SAYS CO’S SUBSIDIARY, TELEMÓVIL EL SALVADOR,
S.A.
DE C.V., AGREED TO ACQUIRE 5 BLOCKS OF 10 MHZ EACH FOR TOTAL OF
50 MHZ IN AWS BAND
    * MILLICOM- SPECTRUM LICENSE PURCHASE IS SUBJECT TO FINAL
APPROVAL
BY SIGET, WHICH HAD ESTABLISHED A RESERVE PRICE OF $6.25 MILLION
PER BLOCK

Source text for Eikon:  ID:nGNX3bnL2Y 
Further company coverage:  TIGOsdb.ST 

 ((Reuters.Briefs@thomsonreuters.com;))