Millicom International Agrees To $510 Million Amnet Purchase
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[July 22, 2008]

Millicom International Agrees To $510 Million Amnet Purchase

(InvesTrend Via Acquire Media NewsEdge)
July 22, 2008 (FinancialWire) Millicom International Cellular S.A.
(NASDAQ: MICC) (Current Market Cap. US$10.53 Bil.) has agreed to
acquire 100% of Amnet Telecommunications Holding Ltd. for an enterprise
value of $510 million. Completion of the acquisition, which is subject
to customary approvals, is expected within three months.
Amnet began operations in Central America in 1997 and is owned by
private investors. It is a leading provider of broadband and cable
television services in Costa Rica, Honduras, and El Salvador; provides
fixed telephony in El Salvador and Honduras; and provides corporate
data services in the above countries as well as Guatemala and
Nicaragua. Across its various markets and product offerings, it has in
excess of 350,000 corporate and residential customers.
Millicom International is a telecommunications group with mobile
telephony operations in Asia, Latin America and Africa. It currently
has mobile operations and licenses in 16 countries. The group s mobile
operations have a combined population under license of approximately
291 million people.
FinancialWire is a fully independent, proprietary news wire service of


Investrend Information (a division of Investrend Communications, Inc.).
FinancialWire news is written by professional journalists, dedicated
to pure journalistic standards. FinancialWire does not receive or
accept any compensation from any individual or subject company (or
representative thereof) for its news or opinions. All FinancialWire
news is available at http://www.financialwire.net . Please address any
inquiries to feedback@financialwire.net .
Free annual reports for companies mentioned in the news are available
at http://investrend.ar.wilink.com/?level=279 .

(Distributed for Investrend Communications, Inc. via M2 Communications
Ltd (www.m2.com))



Copyright ? 2008 M2 Communications Ltd.

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