Millicom Statement following successful joint bid for 4G Licence in Colombia
Stockholm, 27 June 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.”
For further information, please visit www.millicom.com or contact:
Press Enquiries:
Julian Eccles, VP, Corporate Communications
+44 7720 409374
press@millicom.com
Investor Enquiries:
Justine Dimovic, Director, Head of Investor Relations
+352 27 759479
investors@millicom.com
Notes
The result of the bid process announced by the Colombian Government can be viewed here:
http://www.mintic.gov.co/index.php/prensa/noticias/2289-gobierno-adjudica-licencias-de-4g
About Millicom
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.
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