Millicom’s Costa Rica subsidiary files application for transaction


Stockholm, 22 December, 2014 – Millicom, the international telecommunications
and media company (Stockholmsbörsen: MIC),  has agreed terms and conditions to
acquire the business of TeleCable Económico TVE, S.A. and merge the company with
its Costa Rican subsidiary. The agreement is subject to regulatory approval.
Millicom Cable Costa Rica, S. A., trading as Tigo, has made an application for
the agreement to be sanctioned by the Superintendencia de Telecomunicaciones
(SUTEL), the industry regulator.

If approved, the new company would have an extended geographical coverage and
offer consumers a greater range of services and innovative products. It would
also add momentum to the recent strategic moves made by the companies such as
introducing faster internet, the development of apps for mobile devices for
sports and music events and measures to reduce the digital divide.

Tigo in Costa Rica provides residential services such as cable and satellite TV,
internet and home phone IP. It also provides data connection services to the
corporate market, high speed internet, IP business telephony and many other
local services.
For more please visit: www.millicom.com or contact:

Press: Julian Eccles, VP Corporate Communications, on +44 7720 409374 at
press@millicom.com

Investors: Nicolas Didio, Director of Investor Relations, on +44 203 249 2220 at
investors@millicom.com (press@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, using the Tigo brand, Millicom offers
innovative and customer-centric products. Millicom employs more than 16,000
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.

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