Africell Holding SAL acquires Millicom Sierra Leone
Africell Holding SAL, a member of Lintel group and Millicom International
Cellular SA ("Millicom") (Nasdaq Stock Market: MICC and Stockholmsbörsen: MIC)
yesterday (28th July 2009) signed an agreement regarding the acquisition of
Millicom (SL) Limited, Millicom's GSM operations in Sierra Leone. Completion of
the transaction is subject to certain regulatory approvals and procedures.
Africell Holding SAL, through its wholly owned subsidiary, Africell (Sierra
Leone) Limited, has been operating in Sierra Leone since 2005 and is the leading
mobile operator in Sierra Leone. This acquisition will contribute to domestic
consolidation, and further enhance Africell's market leadership in Sierra Leone.
Millicom (SL) Limited is operating as Tigo and had been classified as an asset
held for sale in Q4 2008 at group level.
CONTACTS
Africell:
Ziad Dalloul
Chairman & Chief Executive Officer
Elias Arwadi
Chief Operating Officer
Telephone: +961 3 601 803
Millicom:
Mikael Grahne
President & Chief Executive Officer
Francois-Xavier Roger
Chief Financial Officer
Telephone: +352 27 759 327
Peregrine Riviere
Head of External Communications
Millicom International Cellular S.A., Luxembourg
Telephone: +352 691 750 098
Andrew Best Telephone: +44 7798 576 378
Emily Bruning Telephone: +44 7879 426 358
Shared Value Ltd, London
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.
Africell Holding SAL acquires Millicom Sierra Leone
| Source: Millicom International Cellular S.A.