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