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Stock Market & Financial Investment News

News Breaks
December 4, 2012
05:11 EDTMICCMillicom renews its license in Columbia for another 10 years
Millicom International Cellular renewed its license in Colombia for a further 10 years. Colombia Movil, an affiliate of Millicom, renewed its license for another 10 years; up until February 2023. In February 2013, the company will pay approximately $51M. The final consideration to be paid for the renewal and 50 MHz of spectrum in the 1900 MHz spectrum band will be determined by the "Tribunal de Arbitramiento", or Arbitrage Court, in the next 12-18 months.
News For MICC From The Last 14 Days
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February 8, 2016
05:36 EDTMICCMillicom to sell DRC business to Orange
Millicom announced that it has signed an agreement for the sale of its Tigo business in the Democratic Republic of Congo, or DRC, to Orange S.A. The transaction is subject to regulatory approvals. Millicom will sell 100% of the share capital in Oasis SA for a total cash consideration of $160M.

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