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Technology Stocks : Millicom International Cellular SA (MICC)
MICC 15.50-2.2%Jan 2 9:30 AM EST

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From: Condo11/17/2008 10:55:49 AM
   of 4
 
Nice to see evidence of Rwanda on the mend.

Millicom International Cellular: Millicom Wins Tender for Mobile License in Rwanda

Last update: 2:13 a.m. EST Nov. 17, 2008
NEW YORK & STOCKHOLM, Sweden, Nov 17, 2008 (BUSINESS WIRE) -- Millicom International Cellular S.A. (Millicom)(NASDAQ:MICC)(STO:MIC), the global telecommunications company, today announces that it has been successful in the tender for the 3rd national mobile license in Rwanda against three other bidders.
Millicom will hold 87.5% of the equity in a newly created joint venture company in partnership with Marathon Corporation, an established local company with numerous business interests in Rwanda. The joint venture will pay US$ 60m dollars for the 15 year license.
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marketwatch.com
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