PURCHASE OF PARTNERS' SHAREHOLDINGS IN JOINT VENTURES


PURCHASE OF PARTNERS' SHAREHOLDINGS IN JOINT VENTURES

New York and Stockholm - 13, March, 2009 - Millicom International Cellular S.A.
(Nasdaq Stock Market: MICC and Stockholmsbörsen: MIC), the global
telecommunications company, today announces that it has purchased the remaining
shares in two joint ventures, Navega in Central America and its business in
Chad, for a proportional total of $60 million.

Millicom's joint venture Comcel in Guatemala now owns 100% of Navega and this
business fully controls the fiber optic backbone rings for Millicom's mobile
businesses in Guatemala, Honduras and El Salvador. Comcel will finance the
acquisition locally in Guatemala.  
Mario Zanotti, Chief Officer Latin America, commented, “Comcel and its partners
created Navega in 2000 to provide our mobile businesses in Central America with
fiber optic rings for backhaul and to provide access to submarine cables and the
internet “cloud”. By taking full control of the Navega business, Millicom will
be able to ensure the quality and the timely availability for backbone
transmission capacity for its three mobile businesses to benefit our end
customer. This transaction will also benefit us by supporting the growing demand
for access to the Internet as we expand our 3G broadband services”.

Millicom has also reached agreement on the purchase of the remaining 12.5% in
its joint venture in Chad. This business had 541,000 subscribers at Q4, 2008 and
is today the number two operator in Chad with a 45% market share in a country
with a mobile penetration of only 12% but a population of 10 million. 

Mikael Grahne, Chief Executive, commented: “I am pleased that we have finalized
these two purchases which we have been working on for some time. We continue to
buy out the shareholdings of our partners in our operations when it brings
incremental value to our own shareholders to do so.”


Mikael Grahne	
President and Chief Executive Officer

Francois-Xavier Roger	
Chief Financial Officer
Millicom International Cellular S.A., Luxembourg

Andrew Best	
Investor Relations	
Shared Value Ltd, London

Telephone:     +44 7798 576 378 / +44 20 73215010 
Visit our web site at http://www.millicom.com


Millicom International Cellular S.A. is a global telecommunications group with
mobile telephony operations in 16 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 291 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.

Attachments

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