Millicom International Cellular: Completion of Sale of Millicom's Sri Lanka Operation

• Press Release
• Source: Millicom International Cellular
• On 9:15 am EDT, Friday October 16, 2009

NEW YORK & STOCKHOLM--(BUSINESS WIRE)--Millicom International Cellular S.A. (“Millicom”) (Nasdaq Stock Market: MICC and Stockholmsb rsen: MIC) today announces that the unconditional agreement for the sale of Tigo (Private) Limited, its Sri Lanka operation, to Etisalat has now closed.

Related Quotes

Symbol	Price	Change
MICC	75.85	-1.62

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Millicom International Cellular S.A. is a global telecommunications group with mobile telephony operations in 15 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 287 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.

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Millicom International Cellular S.A., Luxembourg
Francois-Xavier Roger
Chief Financial Officer
Telephone: +352 27 759 327
or
Peregrine Riviere
Head of External Communications
Telephone: +352 691 750 098
or
Emily Hunt
Investor Relations
Telephone: +44 7879 426358
or
Visit our web site at http://www.millicom.com