Millicom's Colombian Subsidiary Signs Agreement to Sell and Lease Back Towers to American Tower

Mauricio Ramos, CEO of Millicom, said: "Colombia is our biggest operation in Latin America, where we have a strong focus on remaining competitive by bringing advanced infrastructure and services to our customers. Similar to the Paraguay transaction that we announced in April, this new agreement with American Tower Corporation enhances our operational and capital efficiency, while also allowing us to invest in improving the connectivity experience for our customers. The lease obligation is denominated in Colombian pesos, consistent with our objective of increasing our proportion of financing in local currency." 

For further information, please contact

Press:
Vivian Kobeh
Corporate Communications Director
Tel: +1-305-476-7352 / +1-305-302-2858 
[email protected]

Investors:
Michel Morin
VP Investor Relations
+352-277-59094
[email protected]

Mauricio Pinzon
Investor Relations Manager
Tel: +44-20-3249-2460 
[email protected]

This information was brought to you by Cision http://news.cision.com

http://news.cision.com/millicom-international-cellular/r/millicom-s-colombian-subsidiary-signs-agreement-to-sell-and-lease-back-towers-to-american-tower,c2312835

The following files are available for download: