Millicom posts a steep fall in Q1’09 earnings

www.WirelessFederation.com/news: Millicom, has reported a fall in its core earnings in Q1’09, reduced its capex forecast and said it could sell part or all of its Asian operations. The operator which targets the emerging markets reportedly said that the EBITDA grew to $376 million from a year earlier.
The operator has slashed its capital expenditure forecast for this year to $850 million from around $1 billion and said a review its Asian operations “could lead to a full or partial divestment of our business in the region”.