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Wed, August 29, 2012
Tue, August 28, 2012

Closing of Transaction with Rocket Internet


Published on 2012-08-29 02:02:26 - Market Wire
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LUXEMBOURG--([ ])--Millicom International Cellular S.A. (aMillicoma) (Stockholmsbrsen: MIC) has now received all necessary documentation to close the transaction with Rocket Internet. Latin America Internet Holdings and Africa Internet Holdings will proceed to two capital increases through which Millicom will gain 20% of each of the two holdings. As a result of the early closing, Millicom will consolidate fully as of September 1, 2012.

About Millicom

Millicom International Cellular S.A. is a global telecommunications group with mobile telephony operations in 13 countries in Latin America and Africa. It also operates various combinations of fixed telephony, cable and broadband businesses in five countries in Central America. The Groupas mobile operations have a combined population under license of approximately 270 million people.

This press release may contain certain aforward-looking statementsa with respect to Millicomas expectations and plans, strategy, managementas objectives, future performance, costs, revenues, earnings and other trend information. It is important to note that Millicomas 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 Millicomas 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., and Millicom International Cellular S.A. employees or representatives acting on Millicomas behalf are expressly qualified in their entirety by the factors referred to above. Millicom does not intend to update these forward-looking statements.

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