Millicom, the telecoms firm that operates the Tigo-branded mobile networks in Asia, Africa and Latin America, has said that a number of potential buyers have expressed interest in acquiring its Asian businesses.
Millicom's Asian operations and joint-ventures generated a net profit of US$4 million in the first quarter and revenues of US$68 million, the company said in its statement. According to Wireless Intelligence data, Luxembourg-based Millicom runs three networks in Asia, Tigo in Sri Lanka (2.1 million connections in 1Q09) and Laos (255,000), and Cambodia's Cellcard (2.2 million).
source: GSMA Mobile Business Briefing
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