BERTRANGE, Luxembourg, Aug. 22, 2002 (PRIMEZONE) -- Millicom International Cellular S.A. ("MIC") (Nasdaq:MICC), the global telecommunications investor, today announces that, following the death of MIC's Chairman, Jan Hugo Stenbeck, on Monday 19th August, Hakan Ledin, the current Vice Chairman, has been appointed as Chairman of the Board of Millicom International Cellular S.A. A Board meeting to determine the appointment was held in Stockholm today.
Notes to editors:
Hakan Ledin (age 64) became Executive Vice President of MIC when Millicom International Holdings Limited, a subsidiary of Millicom (of which he was President from 1987 to December 1990) became part of MIC. He became Vice Chairman in May 1995. He was previously Group Executive Vice President and a director of Telefonaktiebologat L M Ericsson Inc, that company's subsidiary in the United States. He is also Vice Chairman of Tele2 AB.
Millicom International Cellular S.A. is a global telecommunications investor with cellular operations in Asia, Latin America and Africa. It currently has a total of 19 cellular operations and licenses in 18 countries. The Group's cellular operations have a combined population under license (excluding Tele2) of approximately 496 million people. In addition, MIC operates the world's largest GSM clearing house and has licenses to provide high-speed wireless data services in eight countries. MIC also has an 11.8 % interest in Tele2 AB, the leading alternative pan-European telecommunications company offering fixed and mobile telephony, data network and Internet services to over 15 million people in 21 countries. The Company's shares are traded on the Nasdaq Stock Market under the symbol MICC.
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