Millicom takes full control of Guatemalan JV in $2.2bn buyout

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Today, Latin American operator group Millicom has announced that it will buy out its joint venture partner, Miffin Associates, to gain full control of Tigo Guatemala.    The deal will see Millicom pay $2.2 billion in an all-cash transaction to acquire Miffin Associates’ 45% stake in the company.   According to the Financial Times, the move marks the largest ever single foreign investment in Guatemala…

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