Millicom International Cellular: Millicom Statement following successful
joint bid for 4G Licence in Colombia
LEUDELANGE, Sweden -- June 27, 2013
Millicom, the international telecommunications and media company
(Stockholmsbörsen: MIC) today welcomed the announcement by the Colombian
Government that the joint bid for a 4G Licence by Colombia Móvil (Tigo
Colombia) with partner ETB had been successful.
Tigo Colombia will contribute COP 177,749,967 (US$89m) as its 50% share of the
costs (of which COP 97,874,970 for spectrum) associated with the licence.
The company responded to the announcement by stating:
“Millicom welcomes the announcement that our joint bid with our partner ETB
was successful. This will allow us to continue offering even more innovation
and choice to consumers in Colombia in the years to come. We look forward to
beginning the work on 4G and creating a service that will transform lives and
the Colombian economy even more.”
The result of the bid process announced by the Colombian Governmentcan be
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 15 countries, Millicom offers innovative and
customer-centric products. The Millicom Group employs more than 10,000 people
and provides mobile services, access to the internet, content and financial
services to over 45 million customers. Founded in 1990, Millicom International
Cellular SA is headquartered in Luxembourg and listed on NASDAQ OMX Stockholm
under the symbol MIC. In 2012, Millicom generated revenue of $4.81 billion and
EBITDA of $ 2.07 billion.
This press release contains “forward-looking statements”, which are statements
that are not historical facts, including statements concerning the parties'
ability to complete the proposed transaction; the anticipated timing of the
proposed transaction; the expected benefits and costs of the proposed
transaction; management plans relating to the proposed transaction; any
statements of operations, including the execution of integration plans; any
statements of expectation or belief; and any statements of assumptions
underlying any of the foregoing. Any statement in this announcement that
expresses or implies any party's intentions, beliefs, expectations or
predictions (and the assumptions underlying them) is a forward-looking
statement. Forward-looking statements involve inherent risks, uncertainties
and assumptions which could cause actual results to differ materially from
those expressed or implied by such forward-looking statements and assumptions.
The forward-looking statements contained in this announcement are made as of
the date hereof, and each party expressly disclaims any obligation to update
or correct any forward-looking statements made herein due to the occurrence of
events after the issuance of this announcement. This announcement is for
informational purposes only and is not an offer to sell or the solicitation of
an offer to buy any securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful.
This information was brought to you by Cision http://news.cision.com
For further information, please visit www.millicom.com or contact:
Julian Eccles, VP, Corporate Communications
+44 7720 409374
Justine Dimovic,Director, Head of Investor Relations
+352 27 759479
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