International Mobile Phone Firm Goes on Sale
A Luxembourg-based mobile phone company that operates in Pakistan and Iran as well as South America, Africa and the Asia Pacific region yesterday put itself up for sale with a price tag estimated at $4bn (£2.3bn) after receiving a number of approaches.
Both Vodafone and T-Mobile are understood to have ruled themselves out of the bidding process for Millicom International Cellular, which had sales of $921m in 2004.
Analysts think the company, which is quoted on the Swedish stock exchange, is most likely to fall to a Middle Eastern investment company with large oil revenues.
Both Vodafone and T-Mobile are understood to have ruled themselves out of the bidding process for Millicom International Cellular, which had sales of $921m in 2004.
Analysts think the company, which is quoted on the Swedish stock exchange, is most likely to fall to a Middle Eastern investment company with large oil revenues.
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