Millicom Signs Purchase Option for 45% of Tigo Guatemala

The contract that has been signed grants Miffin Associates, a partner of Millicom in Guatemala, the unconditional option to purchase its stake in the company.

Tuesday, January 21, 2014

The telecommunications company Millicom, announces the signature of an agreement to negotiate 45% of the shares of its partner in Tigo Guatemala, Miffin Associates, with a minimum term of 2 years.

"In return, Millicom will grant its partner a purchase option for the same timeframe, which Mifffin will be able to execute if Millicom sells its stake in Tigo Guatemala of it is undergoes a change of management", according to a statement made by the company.

Hans-Holger Albrecht, President and CEO of Millicom, commented: "This new structure will allow us and our partner to take Tigo Guatemala to new heights in the years to come".

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