M&A Deal Summary

Millicom International Cellular Acquires Amnet Telecommunications Holding

On October 1, 2008, Millicom International Cellular acquired communications company Amnet Telecommunications Holding from Amzak Capital Management for 510M USD

Acquisition Highlights
  • This is Millicom International Cellular’s 1st transaction in the Communications sector.
  • This is Millicom International Cellular’s 3rd largest (disclosed) transaction.
  • This is Millicom International Cellular’s 1st transaction in Costa Rica.

M&A Deal Summary

Date 2008-10-01
Target Amnet Telecommunications Holding
Sector Communications
Buyer(s) Millicom International Cellular
Sellers(s) Amzak Capital Management
Deal Type Add-on Acquisition
Deal Value 510M USD

Target

Amnet Telecommunications Holding

El Salvador, Costa Rica
Amnet Telecommunications Holding Ltd. is a provider of broadband and cable television services in Costa Rica, Honduras and El Salvador, provides fixed telephony in El Salvador and Honduras, and provides corporate data services in the above countries as well as Guatemala and Nicaragua.

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Buyer(S) 1

Buyer

Millicom International Cellular

Luxembourg, Luxembourg

Category Company
Founded 1990
Sector Communications
Employees14,000
Revenue 5.8B USD (2024)
DESCRIPTION

Millicom International Cellular is a telecom company. Millicom International Cellular was founded in 1990 and is based in Luxembourg City, Luxembourg .


DEAL STATS #
Overall 1 of 8
Sector: Communications M&A 1 of 6
Type: Add-on Acquisition M&A Deals 1 of 4
Country: Costa Rica M&A 1 of 1
Year: 2008 M&A 1 of 1
Size (of disclosed) 3 of 6
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-16 Cablevisión Paraguay S.A.

Asuncion, Paraguay

Cablevisión Paraguay S.A. is a provider of cable pay-TV services in Paraguay. In 2011, it covered 470, 000 households and had 116,000 cable TV customers, with close to 10% of them subscribing to fixed broadband services. Cablevisión Paraguay has exclusive rights to broadcast Paraguay’s soccer championship games.

Buy $150M

Seller(S) 1

DESCRIPTION

Amzak is a diversified investment group focused on middle-market direct company investing, fixed income, real estate acquisitions, and venture healthcare investing. Amzak will consider opportunities throughout the US, Central/South America, and the Caribbean. Within its middle-market direct investing practice, Amzak looks to invest $10 to $50 million in growth-oriented companies in partnership with management. Amzak Capital Management is based in Boca Raton, Florida.


DEAL STATS #
Overall 1 of 11
Sector: Communications M&A 1 of 4
Type: Add-on Acquisition M&A Deals 1 of 7
Country: Costa Rica M&A 1 of 1
Year: 2008 M&A 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-07-06 Ohio Medical

Gurnee, Illinois, United States

Ohio Medical manufactures and distributes medical suction and oxygen therapy products and source equipment. SOT product offering includes branded suction/vacuum regulators, flowmeters, and medical gas hoses; Systems include medical gas pipelines, service, and source equipment. OMC was originally founded in 1910 and is based in Gurnee, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-12-01 Celtic Capital

Santa Monica, California, United States

Celtic Capital provides Asset Based Financing (ABF) to non-retail businesses in the Western United States that find it challenging to get traditional bank loans. Celtic´s credits range from $500,000 to $5 million and are used for various business needs such as working capital, sales growth, debt restructuring, DIP financing, turnarounds, among others and within various industries. Celtic Capital was founded in 1982 and is based in Santa Monica, California.

Buy -