Regional mobile operator Millicom is in talks about a potential takeover by Apollo Global Management and Claure Group. After significant restructuring in the past four years to focus specifically on its Latin American markets, Millicom’s share price is still low, which may have attracted the two investment firms to pounce. It jumped slightly on confirmation of the negotiations, to $18.25 last Wednesday, but has been below $15 since September, and was described by bankers at JPMorgan (as quoted by the Financial Times) as “the most discounted telecom stock in Latin America as judged by its enterprise value against its operating free cashflow”. The Financial Times’ sources estimate that Millicom might fetch a sale price around $10bn, or about the per-share…