Millicom to Sell Oasis SA to Orange for $160M

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Millicom International Cellular
MICCMIC
Millicom today announced that it has signed an agreement for the sale of its Tigo business in the Democratic Republic of Congo (DRC) to Orange S.A.
ORAN
The transaction is subject to regulatory approvals. Millicom will sell 100% of the share capital in Oasis SA for a total cash consideration of $160 million. Mauricio Ramos, CEO of Millicom said: "The sale of Tigo DRC is in line with our strategy of supporting consolidation and concentrating our resources in our most promising markets. Proceeds from the sale will strengthen our balance sheet allowing us to reinvest in our existing Latin American and African markets,
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Posted In: NewsAsset SalesM&APress Releases
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