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Millicom Completes Acquisition of Cablevision Paraguay

STOCKHOLM--(BUSINESS WIRE)-- Millicom International Cellular S.A. (“Millicom”) (Stockholmsbörsen: MIC) (STO:MIC) today announced that it has now received all necessary documentation to complete the transaction to acquire 100% of Cablevision Paraguay. Millicom will now assume management control of Cablevision Paraguay and will consolidate the operation’s results from October 1, 2012. The results for Cablevision Paraguay will be reported as part of the South America region.

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 Group’s mobile operations have a combined population under license of approximately 270 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., and 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.
Chief Financial Officer
François-Xavier Roger
Tel: +352 27 759 327
or
Investor Relations
Justine Dimovic
Tel: +352 691 750 479
Visit our web site at www.millicom.com

Source: Millicom International Cellular