Millicom (Tigo) signs agreement to acquire Entel Peru for $1.714 billion
TIGO•Millicom signed an agreement to acquire Entel Peru for $1.714 billion. It expects the transaction to be accretive to equity free cash flow in its first year after completion.
1. Purchase terms
The purchase price will be paid in three installments: 65% at closing, 10% 12 months after closing and 25% 18 months after closing. Millicom expects to fund the transaction through a combination of local financing and cash on hand.
