Mic announces terms of mandatory exchangeable bond offering
MIC ANNOUNCES TERMS OF MANDATORY EXCHANGEABLE BOND OFFERING New York, London and Luxembourg - July 18, 2003 - Millicom International Cellular S.A. ("Millicom" or "MIC") (Nasdaq: MICC), the global telecommunications investor, today announces that it has made an offering of approximately SEK 2,556 million (US$310 million) of secured notes mandatorily exchangeable into Series B shares of Tele2 AB. The Notes will be issued by MIC's subsidiary, Millicom Telecommunications S.A. and guaranteed by MIC. The Notes, which will mature in August 2006, carry a coupon of 5% and the exchange premium has