Milbank LLP advised the joint lead arrangers in connection with the $2.2 billion syndicated bridge credit facility for Millicom International (a leading provider of cable and mobile services to emerging markets with substantial operations in Latin America) to acquire the 45% interest in Tigo Guatemala previously owned by minority owners.
As a result, Millicom International will own a 100% equity interest in Tigo Guatemala and further its position as the leading telecommunication service provider in Central America.
The Milbank deal team was led by Global Capital Markets partner Carlos Albarracín along with associates Pablo Richards and Marcela Barba. The team also included Tax partner Andrew Walker and associate Ben Heller.
Mr. Albarracín said: “We are pleased to have advised the joint lead arrangers in this transaction. Millicom’s full control of Tigo Guatemala will enhance Millicom’s financial profile and help contribute to the digital transformation in Guatemala.”
