LUXEMBOURG—Millicom International Cellular (MIC) confirmed it is in talks with Tele2 regarding the possible sale of MIC’s Russian cellular assets to Tele2.
“It is no secret that our Scandinavian competitors have made clear their intentions to develop mobile businesses in Russia to leverage on the increasing opportunities in this market, Telia combining with Sonera and Telenor through Vimpelcom,” said Lars-Johan Jarnheimer, chief executive officer of Tele2. “We believe that the opportunity to purchase MIC’s Russian assets is a natural step to establish our position in their growth market following on from our successes in the Baltics.”
