Thursday, August 13, 2009

Millicom To Sell Cambodian Operations For $346M

AUGUST 11, 2009

STOCKHOLM (Dow Jones)--Telecom operator Millicom International Cellular SA (MICC) said Tuesday it has agreed to sell its Cambodian operations for $346 million in cash to The Royal Group, its partner in the country.

The transaction, which is expected to be completed before the end of 2009, comprises Millicom's 58.4% holdings in each of CamGSM, Royal Telecam International and Cambodia Broadcasting Services. Read more...

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