Final regulatory approval given to merger with UNE – transaction due to complete shortly

Stockholm, 3 August, 2014 – Millicom (Stockholmsbörsen: MIC), the international
telecommunications and media company, announced today that the proposed merger
of its Tigo operation in Colombia with UNE has been given the last of the
authorities’ regulatory approvals by the country’s Finance Superintendent.
Millicom will now work with EPM, the owner of UNE, to complete the transaction
and prepare a joint shareholder meeting within the next few weeks. Following the
meeting, it intends to announce the directors and officers of the merged
company. A further announcement on the effective date will be made shortly.
For more please visit: www.millicom.com or contact:

Millicom

Press Enquiries:
Julian Eccles, VP, Corporate Communications +44 7720 409374

Investor Enquiries:
Nicolas Didio, Director of Investor Relations
+44 203 249 2220; investors@millicom.com
About Millicom

Millicom is a leading international telecommunications and media company
dedicated to emerging markets in Latin America and Africa. Millicom sets the
pace when it comes to providing digital lifestyle services to the world’s
emerging markets, giving access to the world, primarily through mobile devices.
Operating in fourteen countries, primarily using the Tigo brand, Millicom offers
innovative and customer-centric products. Millicom employs more than 10,000
people and provides mobile, cable, broadband, TV content, online and financial
services to over 50 million customers. Founded in 1990, Millicom is
headquartered in Luxembourg and listed on NASDAQ OMX Stockholm under the symbol
MIC. In 2013 Millicom generated revenue of $5.16 billion and EBITDA of $1.9
billion.