SALE OF MILLICOM'S SRI LANKA OPERATION

SALE OF MILLICOM'S SRI LANKA OPERATION

New York and Stockholm, 15 October 2009 - Millicom International Cellular S.A.
(“Millicom”) (Nasdaq Stock Market: MICC and Stockholmsbörsen: MIC) today
announces that it has entered into an unconditional agreement for the sale of
Tigo (Private) Limited, its Sri Lanka operation, to Etisalat for approximately
$155 million in total cash proceeds.  The transaction values the Sri Lanka
operation at an enterprise value of $207 million, which represents approximately
7.4x estimated 2009 EBITDA.  The transaction is not subject to any conditions
and is expected to close on or before October 20, 2009. 

Mikael Grahne, President and CEO of Millicom, commented: "We are very pleased to
have agreed to sell our Sri Lanka operations to Etisalat.  Our management team
there has performed very well in establishing a strong market position and I
would like to thank all our employees in Sri Lanka for their contribution over
the years.

“This agreement represents the final element of our recent divestment program
and, upon completion of the previously announced transactions concerning our
Cambodian and Laotian operations, will leave the Group well positioned to focus
on the significant long term growth opportunities in Latin America and Africa.”

CONTACTS

Francois-Xavier Roger
Chief Financial Officer
Telephone:  +352 27 759 327

Peregrine Riviere
Head of External Communications
Telephone:  +352 691 750 098

Emily Hunt
Investor Relations
Telephone:  +44 7879 426358

Millicom International Cellular S.A., Luxembourg

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 308 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.