TMCNet:  Millicom International Cellular acquires Condiciones disponibles (Cablevision Paraguay)

[October 04, 2012]

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 Deal Participants Target (Company) Condiciones disponibles aqui y en Sucursales de Cablevision. CVC S.A.

Acquirer (Company) Millicom International Cellular S.A.

Deal Rationale The acquisition is consistent with Millicom's strategy to accelerate the adoption of fixed broadband services in Paraguay.

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