BEIJING—Rumors are swirling that China Mobile Communications Corp., the world’s largest wireless carrier, may be on the brink of acquiring Luxembourg-based Millicom International Cellular SA—or possibly, already has bought the company. Several newspapers reported earlier this week that the two companies were close to...
LUXEMBOURG-Mobile operator Millicom International Cellular said it's mulling over its options after receiving "a high number of unsolicited approaches," according to a company statement. According to the Wall Street Journal, the cellular carrier received indications of interest from as many as 10 unnamed companies,...
WASHINGTON-Telefonica Celular del Paraguay S.A., a subsidiary of Millicom International Cellular S.A., will receive $15 million from International Finance Corp. to upgrade and expand its cellular network in Paraguay. IFC is the private-sector arm of the World Bank Group."This investment demonstrates that telecommunications services...
HONDURASMotorola Inc. sold its entire equity stake in Honduran wireless carrier Celtel. Millicom International Cellular said it acquired part of the stake from Motorola, bringing Millicom's ownership to two-thirds of the total outstanding shares. Local minority shareholders purchased the remaining Motorola stake. The value...
NEW YORK-Millicom International Cellular S.A. said its managed wireless network in Iran, the Rafsanjan Industrial Complex, has launched GSM services in greater Tehran. Millicom entered into an agreement with RIC in 2004 to manage a network for 2 million prepaid customers to be owned...
NEW YORK-Motorola Inc. sold its entire equity stake in Honduran wireless carrier Celtel. Millicom International Cellular said it acquired part of the stake from Motorola, bringing Millicom's ownership to two-thirds of the total outstanding shares. Local minority shareholders purchased the remaining Motorola stake.The value...
NEW YORK-Millicom International Cellular S.A. said its managed wireless network in Iran, the Rafsanjan Industrial Complex, has launched GSM services in greater Tehran.Millicom entered into an agreement with RIC in 2004 to manage a network for 2 million prepaid customers to be owned by...
NEW YORK-Millicom International Cellular said it sold its 65-percent holding in Millicom Argentina, a high-speed wireless data joint venture, to its local partner after receiving regulatory approval. The carrier did not disclose the amount of the sale.All four wireless carriers in Argentina are upgrading...
NEW YORK—Millicom International Cellular said it sold its 65-percent holding in Millicom Argentina, a high-speed wireless data joint venture, to its local partner after receiving regulatory approval.The carrier did not disclose the amount of the sale.All four wireless carriers in Argentina are upgrading their...
BERTRANGE, Luxembourg-Millicom International Cellular said its Central American wireless operations have launched GSM services in the 800 MHz band under the brand name Tigo.The service will cover 92 percent of the population of El Salvador and 75 percent of the populations of Guatemala and...
NEW YORK-Comvik International Vietnam, a subsidiary of Millicom International Cellular S.A., signed a memorandum of understanding with Vietnam Mobile Services, its partner in Vietnam, to extend the companies' long-term cooperation agreement.Comvik has an existing business cooperation contract with VMS, a subsidiary of Vietnam Posts...
Millicom and Nokia announced the carrier has chosen LeadCom and Nokia to supply Nokia Connect GSM equipment for Millicom's network in Sierra Leone. Millicom Sierra Leone is the first African operator to implement the Nokia Connect GSM solution for optimized network coverage.LeadCom will provide...
NEW YORK-Millicom International Cellular said it plans to overlay its TDMA networks in Guatemala (Comcel) and Paraguay (Telecel) with GSM 800 MHz networks. The operator said it has selected the supplier for the networks, which will be operational during the second quarter of 2004,...
NEW YORK-Wireless operator Millicom International Cellular said it made an offering of about $310 million of secured notes in a mandatory exchange into Services B shares of Swedish operator Tele2 AB. The notes will be issued by MIC's subsidiary Millicom Telecommunications S.A. and guaranteed...
NEW YORK-Millicom International Cellular said it launched GSM services in the Lao People's Democratic Republic earlier this week under the Tango brand name. Tango is the fourth entrant in Laos' GSM market, MIC said.MIC is operating a prepaid service under a 20-year license for...
BUENOS AIRES, Argentina-Digicel paid US$2.5 million for a license in Guatemala to allow the company to operate GSM technology on 900 MHz spectrum. The company foresees an investment of US$30 million to start to offer its services toward the end of the year.Although Digicel...
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...
BUENOS AIRES, Argentina-The National Telecommunications Commission in Honduras prequalified BellSouth, Entel Chile and Megatel-EMCE for the band A personal communications services (PCS) cellular telephone license for which 18 companies had presented proposals in November last year. The prequalified companies have until 25 April to...
BUENOS AIRES, Argentina-The finalized fusion of Celcaribe and Comcel was announced 13 February, after the acquisition in December last year of the Colombian Atlantic coast operator Celcaribe from Millicom International Cellular by Comcel, an Am
BUENOS AIRES, Argentina-After having suffered a fall of 2 percent in incomes during 2002, Pyramid Research forecasts that this year will see an increase of 13 percent in the U.S. dollar income of the cellular operators in the principle 18 countries of Latin America,...
NEW YORK-Moody's Investors Service has lowered the speculative-grade ratings of the $962 million in outstanding Millicom International Cellular S.A. debt to Caa3 and assigned a negative outlook to the company.Millicom is a developer and operator of cellular phone service in 17 countries in Latin...
MANILA, The Philippines-The Gokongwei-owned Digital Telecommunications Philippines (Digitel) plans to invest 6 billion Philippine pesos (US$113 million) next year for its nationwide wireless telephone network in its bid to become the preferred full service telecommunications provider in the country. The amount is in addition...
NEW DELHI, India—A member of the Pakistani cabinet has questioned the award of a GSM license to Paktel, a subsidiary of Millicom International, by the Pakistan Telecommunication Authority (PTA). The license was granted earlier this year.Dr. Ata-ur-Rehman, minister for science and technology, has raised...
