FULL CONSOLIDATION OF OPERATIONS IN HONDURAS

New York and Stockholm, 1 July 2010 - Millicom International Cellular S.A.
(“Millicom”) (Nasdaq Stock Market: MICC and Stockholmsbörsen: MIC) today
announces that Millicom and its local partner in Honduras have reached an
agreement that gives Millicom full control of Celtel, its Honduran subsidiary. 
As a result of this agreement, Celtel will now be fully consolidated into the
Millicom Group financial statements from Q3 2010.  Previously, the results of
the Honduras operations were proportionately consolidated. 

Under the revised shareholders' agreement, the local partner has granted
Millicom an unconditional call option for his 33% stake for the next five
years.  Millicom has granted a put option for the same duration to the local
partner in the event of a change of control of Millicom. 

While having no impact on reported net profit or Millicom's overall financial
exposure to Honduras, the pro forma impact of this change on the Group
financial statements for the year to December 2009 is to increase revenues by
6%, EBITDA by 7% and operating free cash flow by 9%. 

As an appendix to our Q2 2010 earnings release on 20 July 2010, we will provide
the pro forma Group income statements for the four quarters of 2009 and Q1 and
Q2 2010, restated to reflect the full consolidation of Honduras. These will
also be available to download in Excel format at www.millicom.com. 



CONTACTS


Francois-Xavier Roger
Chief Financial Officer
Telephone:  +352 27 759 327

Peregrine Riviere	
Head of External Communications
Telephone:  +352 691 750 098

Emily Hunt
Investor Relations
Telephone:  +44 7779 018539

Millicom International Cellular S.A., Luxembourg

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


Millicom International Cellular S.A. is a global telecommunications group with
mobile telephony operations in 14 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 266 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.