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Millicom transfers Argentine branch to local partner

BUENOS AIRES, Argentina-The Argentine branch of Millicom International was transferred to local group Sociedad Comercial del Plata, which already owned 35 percent of the company. Although the amount of the transaction was not disclosed, Millicom Argentina has invested US$20 million in the operation since 1999, when it began to offer its services in the country.

This is the second time during the last few months that Millicom International has withdrawn from a Latin American market. Last December, it sold its Colombian cellular operator, Celcaribe, to Am

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