Millicom’s Tigo El Salvador signs agreement to sell and lease back towers to SBA
Luxembourg, February 6th, 2018 – Millicom International Cellular S.A. ("Millicom"), announced today that its subsidiary Telemovil El Salvador S.A. de C.V. (“Tigo El Salvador”) has agreed to sell up to approximately 800 wireless communications towers to a subsidiary of SBA Communications Corporation (“SBA”) in El Salvador. As a result of the transaction, Tigo El Salvador will receive approximately US$145 million in cash. Additionally, the two companies have entered into a long-term agreement whereby SBA will provide Tigo El Salvador with wireless communications towers to support the