Millicom to appeal regulator's rejection of Costa Rica merger plan

miércoles 29 de abril de 2015 09:49 GYT
 

STOCKHOLM, April 29 (Reuters) - Emerging markets telecoms and media group Millicom will appeal a decision by the Costa Rican regulator to reject its Tigo unit's proposed merger with Telecable Costa Rica, a Millicom spokeswoman told Reuters on Wednesday.

The Latin America and Africa-focused operator had revenues in the first quarter of $35 million dollars in Costa Rica, where it only has a cable TV business, a small part of group revenues of 1.71 billion.

Millicom declined to comment on Telecable Costa Rica's revenues.

(Reporting by Olof Swahnberg; Editing by Simon Johnson)