Millicom And EPM Agree To Jointly Capitalize UNE EPM Telecomunicaciones S.A.
Portfolio Pulse from Benzinga Newsdesk
Millicom and EPM have agreed to jointly capitalize UNE EPM Telecomunicaciones S.A. Each partner will contribute approximately $71 million for a total capital contribution of approximately $142 million to Tigo-UNE. Both partners retain their current shareholding in Tigo-UNE.
October 12, 2023 | 10:03 pm
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Millicom's joint capitalization with EPM of UNE EPM Telecomunicaciones could potentially strengthen Tigo-UNE's financial position and operations.
The joint capitalization of UNE EPM Telecomunicaciones by Millicom and EPM, with each contributing $71 million, could potentially strengthen Tigo-UNE's financial position. This could lead to improved operations and potentially positive impacts on Millicom's stock (TIGO).
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