Market Chatter: Millicom International Cellular Weighs Bid for Telefonica's Chile Unit

MT Newswires Live01-08

Millicom International Cellular (TIGO) has expressed interest in bidding for Telefonica's (TEF) Chile unit, Bloomberg reported Wednesday, citing people familiar with the matter.

A final decision on an offer hasn't been made, the report said.

Telefonica has sought bids for its Chile unit since last year, the report said.

Millicom and Telefonica did not immediately respond to requests for comment from MT Newswires.

Millicom shares fell 5.6% in recent Wednesday trading, and Telefonica rose 2.7%.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 53.45, Change: -3.15, Percent Change: -5.57

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