Apollo and Marcelo Claure in talks over buyout of LatAm telco Millicom

Buyout group Apollo Global Management and former SoftBank executive Marcelo Claure are in talks with Millicom International Cellular about a deal to acquire the Latin American telecoms company.

Luxembourg-based Millicom confirmed the talks in a statement on Wednesday, after the Financial Times first reported that Apollo and Claure had partnered for a potential deal.