Luxembourg-based Millicom International Cellular (MIC) is likely to finalise the sale of its subsidiary, Tigo Sri Lanka, by 2010.

Luxembourg-based Millicom International Cellular (MIC) is likely to finalise the sale of its subsidiary, Tigo Sri Lanka, by 2010. The proposed sale, which is estimated to be worth $150-$200 million, has received expressions of interest from several players across the globe. MIC is also in the process of offloading its mobile assets in Cambodia, Laos and Sri Lanka, and has reached an agreement on the sale of its Cambodian unit, CamGSM (Mobitel), to a local partner, the Royal Group.