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Millicom contemplates fixed-line purchases as its earnings and user-base rise

Thursday, February 9, 2012

Millicom, the Sweden-based mobile-phone operator whose Tigo brand serves customers from Guatemala to Tanzania, may expand its fixed-line assets as its user base grows past 43 million customers.

“We are looking with some interest at fixed operations because after we are extremely happy with the development we got with the purchase of Amnet in Central America three years ago and we see more synergies between fixed and mobile,” chief financial officer Francois-Xavier Roger said.

Millicom paid $510 million for broadband and cable provider Amnet Telecommunicationsthree years ago.

Source: Bloomberg