Business News Americas | February 10, 2011 | Patrick Nixon
Luxembourg-based mobile operator Millicom International Cellular (Nasdaq: MICC) has forecast capex of US$800mn for 2011, which does not include potential investments in spectrum or potential expenditure in Greenfield assets in Latin America, company CFO Francois-Xavier Roger told a conference call with investors.
“As in 2010 we aim to focus on top line growth, profitability and cash flow generation, and aim for Ebitda in the mid-40s,” Roger said.
“We didn’t include guidance on spectrum because we have no visibility as to what it could be. We know there is a certain likelihood there could be some spectrum available, but we’re not sure at this stage where and what consideration would be paid,” the executive said.
Millicom has obtained licenses in some regions of Paraguay for Greenfield cable build out, “which would be a good complement to the mobile business we have in that country.” he added. “But given that it is a Greenfield operation, the costs would be small.”
He added that the company might acquire some small cable operators in Central America, but it does not expect the investment amount to be significant.
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