Millicom to sell its Democratic Republic of Congo business to Orange

Stockholm, 8 February 2016 – Millicom today announced that it has signed an
agreement for the sale of its Tigo business in the Democratic Republic of Congo
(DRC) to Orange S.A. The transaction is subject to regulatory approvals.
Millicom will sell 100% of the share capital in Oasis SA for a total cash
consideration of $160 million.

Mauricio Ramos, CEO of Millicom said: “The sale of Tigo DRC is in line with our
strategy of supporting consolidation and concentrating our resources in our most
promising markets. Proceeds from the sale will strengthen our balance sheet
allowing us to reinvest in our existing Latin American and African markets,
improving earnings and cash flow and reducing leverage.”
Press Enquiries

Tabitha Aldrich-Smith, Interim Communications Director
Tel: +352 277 59084 (Luxembourg) / +44 7971 919 610 / press@millicom.com

Investor Relations

Nicolas Didio, Director, Head of Investor Relations
Tel: +352 277 59125 (Luxembourg) / +44 203 249 2220 / investors@millicom.com

 (investors@millicom.com)
About Millicom

Millicom is a leading telecom and media company dedicated to emerging markets in
Latin America and Africa. Millicom sets the pace when it comes to providing
innovative and customer-centric digital lifestyle services to the world’s
emerging markets. The Millicom Group employs more than 16,000 people and
provides mobile services to over 60 million customers. Founded in 1990, Millicom
International Cellular SA is headquartered in Luxembourg and listed on NASDAQ
OMX Stockholm under the symbol MIC. In 2014, Millicom generated revenue of USD
6.4 billion and EBITDA of USD 2.1 billion.