Millicom International Cellular acquires Condiciones disponibles (Cablevision Paraguay)
Oct 04, 2012 (Datamonitor Financial Deals Tracker via COMTEX) --
Millicom International Cellular S.A, a Luxembourg-based provider of prepaid cellular telephony services, has acquired 100% of Condiciones disponibles aqui y en Sucursales de Cablevision. CVC S.A. (Cablevision Paraguay).
Cablevision Paraguay is a Paraguay-based company engaged in offering cable television services and internet connection through its Fibertel brand, controlled by Grupo Clarin S.A.
Announcement (July 16, 2012):
Millicom International has signed a binding agreement to acquire 100% of Cablevision Paraguay for an enterprise value of $150 million.
The transaction is expected to take place towards year end 2012.
In 2011, Cablevision Paraguay reported a revenue of $50.6 million and EBIDTA of $20 million.
Deal Value (US$ Million) 150
Deal Type Acquisition
Sub-Category 100% Acquisition
Deal Status Completed: 2012-10-01
Target (Company) Condiciones disponibles aqui y en Sucursales de Cablevision. CVC S.A.
Acquirer (Company) Millicom International Cellular S.A.
The acquisition is consistent with Millicom's strategy to accelerate the adoption of fixed broadband services in Paraguay.
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