{"id":134672,"date":"2024-07-01T11:25:13","date_gmt":"2024-07-01T10:25:13","guid":{"rendered":"https:\/\/www.mobileworldlive.com\/?p=407844"},"modified":"2024-07-01T11:25:13","modified_gmt":"2024-07-01T10:25:13","slug":"iliad-founder-makes-millicom-buyout-bid","status":"publish","type":"post","link":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/2024\/07\/01\/iliad-founder-makes-millicom-buyout-bid\/","title":{"rendered":"Iliad founder makes Millicom buyout bid"},"content":{"rendered":"<p>Billionaire Xavier Niel\u2019s Atlas Investissement launched a buyout offer for the shares in Millicom it doesn\u2019t already own at a price valuing the Latin America-focused operator group at more than $4 billion.<\/p>\n<p>Its formal buyout offer was announced by the company\u2019s subsidiary Atlas Luxco today (1 July) at $24 per share, a price described by Millicom\u2019s board last week as significantly undervaluing the company in light of expected future financial performance. &nbsp;<\/p>\n<p>The move came as little surprise as Atlas announced it was <a href=\"https:\/\/www.mobileworldlive.com\/europe\/iliad-founder-mulls-millicom-buyout\/\">mulling making an offer in May<\/a> and given Millicom\u2019s pre-emptive statement on Thursday (27 June).<\/p>\n<p>Equity in the operator is traded in the US and Sweden, with the offer being launched simultaneously in both countries. Atlas already holds a 29 per cent stake in the operator and pinned the cost of buying shares not owned by it or \u201cclosely related parties\u201d at around $2.9 billion.<\/p>\n<p><strong>Valuation arguments<\/strong><br \/>In its statement Atlas claimed its bid offered \u201ccompelling value\u201d given Millicom shares&#8217; market price before news broke of its interest.<\/p>\n<p>The investment company also played down Millicom\u2019s comments indicating a bid at that level undervalued the business. &nbsp;<\/p>\n<p>\u201cThis last-minute communication does not contain any valuation arguments and only contains the independent bid committee\u2019s updated forecasts as to select features of Millicom\u2019s results of operations for 2024, which continues to be subject to review by Millicom\u2019s management and auditor.\u201d<\/p>\n<p>Atlas noted Millicom\u2019s top team were legally required to commit to a position or declare themselves neutral to a bid after it was made, with Swedish rules requiring this to be delivered alongside independent assessment. &nbsp;&nbsp;<\/p>\n<p>The would-be new owner said it would continue to support the operator\u2019s strategic plan and would target \u201cexpanding the reach and capacity of Millicom\u2019s networks and distribution capabilities to grow its customer base\u201d.<\/p>\n<p>\u201cAtlas believes that the company will benefit from the purchaser group\u2019s long-term knowledge and experience in the telecoms sector across numerous jurisdictions, as well as the creation of potential synergies that will allow Millicom to be better equipped to focus on long-term business goals, including pursuing any potential strategic transactions and acquisitions,\u201d it added.<\/p>\n<p>Alongside Atlas, Niel\u2019s other businesses with telecommunications interests include Iliad Group and Atlas parent NJJ Holding.<\/p>\n<p>The post <a href=\"https:\/\/www.mobileworldlive.com\/latin-america\/iliad-founder-makes-millicom-buyout-bid\/\">Iliad founder makes Millicom buyout bid<\/a> appeared first on <a href=\"https:\/\/www.mobileworldlive.com\/\">Mobile World Live<\/a>.<\/p>\n\n<h2><b>Commercials Cooperation Advertisements:<\/b><\/h2>\r\n<p><br>(1) IT Teacher IT Freelance<br> <\/p>\r\n<a href=https:\/\/itteacheritfreelance.hk\/wordpress><img src=http:\/\/gamefootballmobileanimeiphone.com\/wp-content\/uploads\/2023\/09\/ITTeacherITFreelance-Website.png alt=IT\u96fb\u8166\u88dc\u7fd2 java\u88dc\u7fd2 \u70ba\u5927\u5bb6\u914d\u5c0d\u96fb\u8166\u88dc\u7fd2,IT freelance, \u79c1\u4eba\u8001\u5e2b, PHP\u88dc\u7fd2,CSS\u88dc\u7fd2,XML,Java\u88dc\u7fd2,MySQL\u88dc\u7fd2,graphic design\u88dc\u7fd2,\u4e2d\u5c0f\u5b78ICT\u88dc\u7fd2,\u4e00\u5c0d\u4e00\u79c1\u4eba\u88dc\u7fd2\u548cFreelance\u81ea\u7531\u5de5\u4f5c\u914d\u5c0d\u3002\/><\/a><p><a 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Millicom it doesn\u2019t already own at a price valuing the Latin America-focused operator group at over $4 billion.<\/p>\n<p>The post <a href=\"https:\/\/www.mobileworldlive.com\/latin-america\/iliad-founder-makes-millicom-buyout-bid\/\">Iliad founder makes Millicom buyout bid<\/a> appeared first on <a href=\"https:\/\/www.mobileworldlive.com\/\">Mobile World Live<\/a>.<\/p>\n","protected":false},"author":129,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-container-style":"default","site-container-layout":"default","site-sidebar-layout":"default","disable-article-header":"default","disable-site-header":"default","disable-site-footer":"default","disable-content-area-spacing":"default","footnotes":""},"categories":[22],"tags":[61,122,127,129,124,128,125,132,131,133,126,130,123,66,94,88,97,56,64,65,60,112,40,75,95,104,33,120,105,101,98,115,30,29,41,86,70,69,68,72,71,26,118,108,87,46,55,48,52,54,51,50,83,62,58,57,109,35,59,63,85,79,82,96,80,27,81,114,44,42,43,45,38,39,110,117,100,111,116,73,89,90,92,91,93,84,78,37,102,34,36,77,67,74,99,113,119,28,121,32,47,49,53,103,31,76],"class_list":["post-134672","post","type-post","status-publish","format-standard","hentry","category-mobile","tag-airpods","tag-anime","tag-anime-characters","tag-anime-cosplay","tag-anime-edits","tag-anime-merchandise","tag-anime-movies","tag-anime-news","tag-anime-recommendations","tag-anime-reviews","tag-anime-series","tag-anime-streaming","tag-animes","tag-app-store","tag-app-store-samsung","tag-appgallery","tag-appgallery-oneplus","tag-apple","tag-apple-music","tag-apple-tv","tag-apple-watch","tag-bbc-sport","tag-best-mobile-games","tag-bixby","tag-bixby-xiaomi","tag-champions-league","tag-cyberpunk","tag-cyberpunk-2077","tag-fantasy-football","tag-fifa","tag-football","tag-formula-1","tag-fortnite","tag-free-fire","tag-free-mobile-games","tag-freebuds-pro","tag-galaxy-a52","tag-galaxy-note-20","tag-galaxy-s21","tag-galaxy-watch-4","tag-galaxy-z-fold-3","tag-game","tag-games","tag-golf","tag-harmonyos","tag-how-to-backup-iphone","tag-how-to-factory-reset-iphone","tag-how-to-reset-iphone","tag-how-to-restore-iphone","tag-how-to-unlock-iphone","tag-how-to-unlock-iphone-5","tag-how-to-unlock-iphone-6","tag-huawei","tag-ios","tag-ipad","tag-iphone","tag-live-soccer","tag-lol","tag-macbook","tag-macos","tag-mate-40-pro","tag-mi-11-lite","tag-mi-home-security-camera-basic-1080p","tag-mi-home-security-camera-basic-1080p-huawei","tag-mi-smart-band-6","tag-minecraft","tag-miui","tag-mlb-scores","tag-mobile-game-design","tag-mobile-game-development","tag-mobile-game-marketing","tag-mobile-game-monetization","tag-mobile-games","tag-mobile-gaming","tag-nba-scores","tag-nba-standings","tag-nfl","tag-nfl-scores","tag-nhl-scores","tag-one-ui","tag-oneplus","tag-oneplus-9-pro","tag-oneplus-buds-pro","tag-oneplus-nord-ce-5g","tag-oxygenos","tag-p40-pro-plus","tag-poco-x3-pro","tag-pokemon","tag-premier-league","tag-pubg","tag-pubg-mobile","tag-redmi-note-10-pro","tag-samsung","tag-samsung-pay","tag-soccer","tag-sports","tag-steam","tag-steeam","tag-top-10-anime","tag-valorant","tag-when-do-the-iphone-7-come-out","tag-when-does-the-iphone-7-come-out","tag-when-is-the-iphone-7-coming-out","tag-world-cup","tag-xbox-series-x","tag-xiaomi"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/posts\/134672","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/users\/129"}],"replies":[{"embeddable":true,"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/comments?post=134672"}],"version-history":[{"count":1,"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/posts\/134672\/revisions"}],"predecessor-version":[{"id":134673,"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/posts\/134672\/revisions\/134673"}],"wp:attachment":[{"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/media?parent=134672"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/categories?post=134672"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/tags?post=134672"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}