STRATEGIC REVIEW OF ASIA - UPDATE

STRATEGIC REVIEW OF ASIA - UPDATE

New York and Stockholm - July 2, 2009 - Millicom International Cellular S.A.
(Nasdaq Stock Market: MICC and Stockholmsbörsen: MIC), the global
telecommunications company, today announces that the previously announced
Strategic Review of its Asian assets is progressing according to plan.  Goldman
Sachs has been appointed to advise on the process and, to date, expressions of
interest have been received from a number of parties.

As per IFRS rules, these operations will be reclassified as Assets held for sale
in Millicom's balance sheet from May 1, 2009 onwards and shown as discontinued
operations in Millicom's profit and loss statement from January 1, 2009 onwards.


During the three months ended March 31, 2009, Millicom's Asian operations and
joint ventures generated revenues of $68 million and a net profit of $4 million
for the Group.

CONTACTS

Mikael Grahne	
President and Chief Executive Officer

Francois-Xavier Roger	
Chief Financial Officer

Millicom International Cellular S.A., Luxembourg
Telephone: +352 27 759 327

Andrew Best	
Investor Relations
Shared Value Ltd, London
Telephone: 
+44 7798 576 378
+44 20 7321 5010 

Visit our web site at http://www.millicom.com

Millicom International Cellular S.A. is a global telecommunications group with
mobile telephony operations in Asia, Latin America and Africa.  It currently has
mobile operations and licenses in 16 countries.  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.