Millicom International Cellular S.A.

Africell Holding SAL acquires Millicom Sierra Leone

Pressmeddelande   •   Jul 29, 2009 08:36 CEST

Africell Holding SAL, a member of Lintel group and Millicom International Cellular SA ("Millicom") (Nasdaq Stock Market: MICC and Stockholmsbörsen: MIC) yesterday (28th July 2009) signed an agreement regarding the acquisition of Millicom (SL) Limited, Millicom's GSM operations in Sierra Leone. Completion of the transaction is subject to certain regulatory approvals and procedures.

Africell Holding SAL, through its wholly owned subsidiary, Africell (Sierra Leone) Limited, has been operating in Sierra Leone since 2005 and is the leading mobile operator in Sierra Leone. This acquisition will contribute to domestic consolidation, and further enhance Africell's market leadership in Sierra Leone.

Millicom (SL) Limited is operating as Tigo and had been classified as an asset held for sale in Q4 2008 at group level.



Ziad Dalloul
Chairman & Chief Executive Officer

Elias Arwadi
Chief Operating Officer

Telephone: +961 3 601 803


Mikael Grahne
President & Chief Executive Officer

Francois-Xavier Roger
Chief Financial Officer

Telephone: +352 27 759 327

Peregrine Riviere
Head of External Communications
Millicom International Cellular S.A., Luxembourg
Telephone: +352 691 750 098

Andrew Best Telephone: +44 7798 576 378
Emily Bruning Telephone: +44 7879 426 358
Shared Value Ltd, London

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Millicom International Cellular S.A. is a global telecommunications group with mobile telephony operations in 16 countries in Asia, Latin America and Africa. It also operates cable and broadband businesses in five countries in Central America. The Group's mobile operations have a combined population under license of approximately 308 million people.

This press release may contain certain "forward-looking statements" with respect to Millicom's expectations and plans, strategy, management's objectives, future performance, costs, revenues, earnings and other trend information. It is important to note that Millicom's actual results in the future could differ materially from those anticipated in forward-looking statements depending on various important factors. Please refer to the documents that Millicom has filed with the U.S. Securities and Exchange Commission under the U.S. Securities Exchange Act of 1934, as amended, including Millicom's most recent annual report on Form 20-F, for a discussion of certain of these factors.

All forward-looking statements in this press release are based on information available to Millicom on the date hereof. All written or oral forward-looking statements attributable to Millicom International Cellular S.A., any Millicom International Cellular S.A. employees or representatives acting on Millicom's behalf are expressly qualified in their entirety by the factors referred to above. Millicom does not intend to update these forward-looking statements.