Apollo, SoftBank Alum Claure Discuss Millicom Takeover (1)

Jan. 25, 2023, 5:43 PM UTC

Apollo Global Management Inc. and former SoftBank Group Corp. executive Marcelo Claure are in talks to acquire Millicom International Cellular SA, the Latin American telecommunications firm said in a statement Wednesday.

“There is no certainty that a transaction will materialize nor as to the terms, timing or form of any potential transaction,” Millicom said.

The potential deal could value the company at almost $10 billion, including debt, according to a person familiar with the matter. Apollo and Claure are trying to structure an offer to avoid repaying or refinancing about $6.9 billion in Millicom debt because of the ...

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