Swedish firm buys AMNET for $510 million

The Swedish firm Millicom has purchased the telecommunications company AMNET for 510 million dollars, and will acquire its 350,000 cable clients in Honduras, Costa Rica and El Salvador.

Tuesday, July 22, 2008

AMNET offers services of cable television, telephone and internet as a multimedia "Triple Play" package.
The company has the biggest fiber optics network in the region and is the largest cable company in El Salvador and Costa Rica. Its former owner is Amzak Corporation, of Halifax, Nova Scotia, Canada.
AMNET reported revenues of 143 million dollars in 2007.
Millicom officials said they expect to complete the regulatory process for the takeover within three months.

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