Millicom raises $746 million in fully subscribed rights issue

By Najiyya Budaly (June 17, 2022, 12:59 PM BST) – Millicom on Friday said it raised approximately $746 million in a fully subscribed rights issue, which the fixed and mobile communications provider said it will use to repay loans used to purchase operations in Guatemala.

Millicom International Cellular SA, which is listed in Stockholm on the Nordic Nasdaq stock exchange, said existing shareholders bought 68,822,675 Swedish shares and certificates of deposit in the rights offering. Issuance is an invitation to existing shareholders to purchase additional new shares of a company at a price below the current price.

1,534,413 additional shares and certificates of deposit were allocated to…

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