Accelerating growth and Investment as Millicom executes new strategy


Stockholm, October 21, 2013 – Millicom, the leading international
telecommunications and media company (Stockholmsbörsen: MIC), announced today
that its revenue had increased by 7.6% to $1,290m in the third quarter of 2013.
This would have reached 10% were it not for the negative impact of regulatory
measures.
Other highlights include:

  · The company added a further one million new data users in Q3, bringing the
penetration of mobile data within the mobile customer base to over 18%. Year to
date around 5.7% of the customer base gained access to data services.
  · Smartphone sales in Latin America soared from 252,000 in Q1 to 507,000 in Q3
with overall growth in data up 30% in Q3
  · One year after the launch of our unlimited music service in Latin America,
9% of Tigo smartphone users have subscribed to the entertainment service. We
will continue to delight our customers with more music service launches in the
coming quarters
  · Growth in Africa was fuelled by 250,000 new customers in DR Congo’s Kivu
province in three months
  · Group EBITDA reported at $459 million with an underlying margin of 38.6%, in
line with the company’s expectations and guidance.

The third quarter resulted in accelerating underlying and reported trends:

  · We recruited close to 1.5 million net new mobile users and over 1m new
mobile data customers. Half of our new data customers became smartphone users, a
clear enabler for the digital lifestyle.
  · In Cable & Digital Media, we successfully managed to cross sell more
services to our record net new RGUs recruited in the first nine months of the
year.
  · In MFS, Chad became our most successful launch to date, reaching 8.5%
penetration in less than10 months
  · In our Online business, organic growth reached over 25% quarter on quarter
and has accelerated while costs have been contained. We have now launched our
online marketplace services in Tanzania and Ghana, Tigo leading African mobile
markets, and are accelerating the realization of the synergy potential.

Commenting on the results, Millicom’s President and CEO Hans-Holger Albrecht
said:

“This quarter’s strong growth highlights the continuing opportunity in Africa
and Latin America. Combined with the shift to data, progress in mobile financial
services and the launch of new media services almost weekly, we are on track to
deliver the transformation of the company into a digital lifestyle provider. In
recent months our determination to seize every opportunity and demand more of
ourselves and for our customers was illustrated by the spectacular achievements
in Kivu in DR Congo. In tough conditions we gained an average of two thousand
customers a day. That achievement symbolises our resolve to transform consumers’
lives, grow the company and create long-term value. That is why the investment
phase will continue and we maintain our guidance whilst restating that it is
essential to build for the future now.”
Contacts

Press

Julian Eccles, VP, Corporate Communications

Tel: +44 7720 409 374 / press@millicom.com

Investor Relations

Justine Dimovic, Director, Head of Investor Relations

Tel: +352 691 750 479 / investors@millicom.com

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

Millicom is a leading international telecommunications and media company
dedicated to emerging markets in Latin America and Africa. Millicom transforms
lives and provides digital lifestyle services to the world’s emerging markets,
primarily through mobile devices. Operating in 15 countries, Millicom offers
innovative and customer-centric products. The Millicom Group employs more than
10,000 people and provides mobile services, access to the internet, content and
financial services to over 45 million customers. Founded in 1990, Millicom
International Cellular SA is headquartered in Luxembourg and listed on NASDAQ
OMX Stockholm under the symbol MIC. In 2012, Millicom generated revenue of $4.81
billion and EBITDA of $2.07 billion.

This press release contains “forward-looking statements”, which are statements
that are not historical facts, including statements concerning the parties'
ability to complete the proposed transaction; the anticipated timing of the
proposed transaction; the expected benefits and costs of the proposed
transaction; management plans relating to the proposed transaction;  any
statements of operations, including the execution of integration plans; any
statements of expectation or belief; and any statements of assumptions
underlying any of the foregoing.  Any statement in this announcement that
expresses or implies any party's intentions, beliefs, expectations or
predictions (and the assumptions underlying them) is a forward-looking
statement.  Forward-looking statements involve inherent risks, uncertainties and
assumptions which could cause actual results to differ materially from those
expressed or implied by such forward-looking statements and assumptions. The
forward-looking statements contained in this announcement are made as of the
date hereof, and each party expressly disclaims any obligation to update or
correct any forward-looking statements made herein due to the occurrence of
events after the issuance of this announcement.  This announcement is for
informational purposes only and is not an offer to sell or the solicitation of
an offer to buy any securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful.

Attachments

10189907.pdf Millicom Q3 13 results Presentation.pdf Financial_and_operational_data_Final_as at September 30 2013.xlsx