Millicom Buys CentAm Telecom

European wireless operator Millicom has purchased Amnet, the Salvadoran broadband, telephone and cable operator for $510m. Amnet provides broadband, corporate data, telephone and cable services in Costa Rica, Honduras, Guatemala, Nicaragua and El Salvador, and has an over 350,000 customers. Its revenues in 2007 were $147m, according to Millicom. The Luxemburg-based company bought Colombia Movil, or OLA, for $479m in 2006 and also has a mobile phone business in Central America, where it operates under the name Tigo.