MIC completes acquisition of Amnet

2 Oct 2008

Millicom International Cellular (MIC) has announced that it has completed the acquisition of 100% of Amnet Telecommunications Holding Limited (Amnet) for USD510 million, following the agreement initially announced in July. Amnet is a provider of broadband and cable television services in Costa Rica, Honduras and El Salvador, provides fixed line telephony in El Salvador and Honduras, and provides corporate data services in the aforementioned countries as well as Guatemala and Nicaragua. In the year to December 2007 it recorded revenue of USD143 million and EBITDA of USD56 million. At the end of June 2008 Amnet claimed 496,000 revenue generating units (RGUs), up from 412,000 RGUs a year earlier.

Costa Rica, El Salvador, Honduras,Millicom International Cellular (MIC), Cable El Salvador (Tigo Star),


Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.

Subscribe to CommsUpdate


Have feedback, corrections, or story ideas? Send them to editors@commsupdate.com.

Browse Past Issues


Filter CommsUpdate by the following categories or use the search.


Visit our help page information on performing advanced searches, including how to restrict the results by country or company.


CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.