Millicom’s Colombian subsidiary signs agreement to sell and lease back towers to American Tower
Luxembourg 18 July, 2017 – Millicom International Cellular S.A. ("Millicom") announced today that its subsidiary Colombia Móvil S.A. E.S.P (“Tigo”) has agreed to sell approximately 1,200 wireless communications towers to a subsidiary of American Tower Corporation (“ATC”) in Colombia. As a result of the transaction, Tigo will receive approximately 448 billion COP, equivalent to US$147 million, in cash.As part of the transaction, Tigo and ATC have entered into a long-term agreement in local currency whereby ATC will lease to Tigo wireless communications towers to support its wireless