BERTRANGE, Luxembourg, Aug. 7, 2003 (PRIMEZONE) -- Millicom International Cellular S.A. ("Millicom" or "MIC") (Nasdaq:MICC), the global telecommunications investor, today announces that on August 7, 2003 the offering by its subsidiary Millicom Telecommunications S.A. of approximately SEK 2,556 million (US$310 million) of secured Notes mandatorily exchangeable into Series B shares of Tele2 AB, has closed.
The Notes, which will mature in August 2006, carry a coupon of 5% per annum and the exchange premium has been set at 30% with a reference price of SEK 285.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.
The Notes and the Tele2 shares to be delivered upon exchange of the Notes have not been and will not be registered under the United States Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as such term is defined in Regulation S under the Securities Act) absent registration or an applicable exemption from registration requirements.
This press release may contain certain "forward-looking statements" with respect to our expectations and plans, strategy, management's objectives, future performance, costs, revenues, earnings and other trend information. It is important to note that our 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 we have filed with the U.S. Securities and Exchange Commission under the U.S. Securities Exchange Act of 1934, as amended, including our 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 us on the date hereof. All written or oral forward-looking statements attributable to Millicom International Cellular S.A., any Millicom International Cellular S.A. members or persons acting on our behalf are expressly qualified in their entirety by the factors referred to above. We do not intend to update these forward-looking statements.
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The following files are available for download:
http://www.waymaker.net/bitonline/2003/08/07/20030807BIT01280/wkr0001.doc
http://www.waymaker.net/bitonline/2003/08/07/20030807BIT01280/wkr0002.pdf