Millicom International Cellular: Completion of Sale of Millicom`s Sri Lanka Operation

Fri Oct 16, 2009 9:15am EDT

* Reuters is not responsible for the content in this press release.

NEW YORK & STOCKHOLM--(Business Wire)--
Millicom International Cellular S.A. ("Millicom") (Nasdaq Stock Market: MICC and
Stockholmsbörsen: MIC) today announces that the unconditional agreement for the
sale of Tigo (Private) Limited, its Sri Lanka operation, to Etisalat has now
closed. 

Millicom International Cellular S.A. is a global telecommunications group with
mobile telephony operations in 15 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 287 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. 

This information was brought to you by Cision http://www.cisionwire.com

Millicom International Cellular S.A., Luxembourg
Francois-Xavier Roger
Chief Financial Officer
Telephone: +352 27 759 327
or
Peregrine Riviere
Head of External Communications
Telephone: +352 691 750 098
or
Emily Hunt
Investor Relations
Telephone: +44 7879 426358
or
Visit our web site at http://www.millicom.com

Copyright Business Wire 2009

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