Zeroing in on Millicom Assets?
A Bloomberg report citing undisclosed sources said Axiata is considering an offer for Millicom
International Cellular SA’s assets in Cambodia and Sri Lanka. Axiata may bid as much as US$500m for Millicom’s 58% stake in Mobitel (Cambodia) and US$200m for its 100% stake in Celltel Lanka. Millicom is reviewing several proposals, said its CFO, Francois- Xavier Roger, without revealing names of interested parties and/or bidders. The company is reportedly selling off its telecom assets in Cambodia, Laos and Sri Lanka.