Tigo Colombia to sell towers to KKR
25 1월 2024 - 7:54AM
Tigo Colombia to sell towers to KKR
Luxembourg, January 24, 2024 - Millicom
(NASDAQ: TIGO) announces today that its subsidiary Tigo Colombia
has agreed to sell approximately 1,100 wireless communications
towers to affiliates of investment funds managed by KKR, a leading
global investment firm. KKR plans to work in partnership with NEXO
LatAm, a digital infrastructure platform that supports the
implementation of KKR's infrastructure strategy throughout Latin
America.
As part of the transaction, Tigo Colombia and
KKR have entered into a long-term agreement whereby KKR will lease
wireless communications towers to Tigo Colombia to support its
wireless networks. The exact number of towers will be determined
once the various closings have taken place, which are subject to
customary closing conditions.
Mauricio Ramos, CEO and Chairman of the Board of
Millicom, said: “This transaction with KKR, a leading digital
infrastructure franchise with deep sector expertise and commitment
to the region, is another step towards crystallizing the value of
our tower sites across Latin America, simplifying our business, and
allowing us to focus on servicing our customers. This transaction
enhances our operational and capital efficiency in Colombia, with
long-term lease obligations denominated in Colombian pesos,
consistent with our objective of increasing our proportion of
financing in local currency.”
Waldemar Szlezak, a partner on KKR’s
Infrastructure team, said: “KKR seeks to develop the
telecommunications industry in Latin America through best-in-class
mission-critical assets such as fiber, towers and small cells. This
acquisition – along with KKR's fiber investments in Chile, Colombia
and Peru – underscores KKR's commitment to its digital
infrastructure platform in LatAm. This important agreement with
Tigo is in line with our strategy of long-term partnerships with
leading companies in the region.”
KKR is making the investment through its KKR
Global Infrastructure Investors IV fund.
For further information, please
contact:
Press: Sofía Corral, Communications Directorpress@millicom.comKKR:
Media@kkr.com |
Investors:Michel Morin, VP Investor Relations
investors@millicom.com |
About Millicom
Millicom (NASDAQ U.S.: TIGO, Nasdaq Stockholm:
TIGO_SDB) is a leading provider of fixed and mobile
telecommunications services in Latin America. Through our TIGO® and
Tigo Business® brands, we provide a wide range of digital services
and products, including TIGO Money for mobile financial services,
TIGO Sports for local entertainment, TIGO ONEtv for pay TV,
high-speed data, voice, and business-to-business solutions such as
cloud and security. As of September 30, 2023, Millicom, including
its Honduras Joint Venture, employed approximately 19,000 people
and provided mobile and fiber-cable services through its digital
highways to more than 45 million customers, with a fiber-cable
footprint over 13 million homes passed. Founded in 1990, Millicom
International Cellular S.A. is headquartered in Luxembourg.
About KKR
KKR is a leading global investment firm that
offers alternative asset management as well as capital markets and
insurance solutions. KKR aims to generate attractive investment
returns by following a patient and disciplined investment approach,
employing world-class people, and supporting growth in its
portfolio companies and communities. KKR sponsors investment funds
that invest in private equity, credit and real assets and has
strategic partners that manage hedge funds. KKR’s insurance
subsidiaries offer retirement, life and reinsurance products under
the management of Global Atlantic Financial Group. References
to KKR’s investments may include the activities of its sponsored
funds and insurance subsidiaries. For additional information
about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s
website at www.kkr.com. For
additional information about Global Atlantic Financial Group,
please visit Global Atlantic Financial Group’s website
at www.globalatlantic.com.
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