|[December 04, 2012]
Millicom International Cellular: Millicom renews its license in Colombia
STOCKHOLM --(Business Wire)--
Millicom International Cellular (News - Alert) S.A. ("Millicom")(NASDAQ:MICC)(STO:MIC)
today renewed its license in Colombia for a further 10 years.
Colombia Movil (an affiliate of Millicom) renewed its license for
another 10 years (up until February 2023). In February 2013, the company
will pay COP 93,000 million (approximately USD51m). The final
consideration to be paid for the renewal and 50 MHz of spectrum in the
1900 MHz spectrum band will be determined by the "Tribunal de
Arbitramiento" (Arbitrage Court) in the next 12-18 months.
Hans-Holger Albrecht, President and CEO of Millicom commented "We are
pleased to have renewed our license in Colombia today. Colombia is one
of the fastest growing markets for us and we look forward to continue
bringing innovative digital products and services to the people of
Colombia through this license renewal."
Millicom International Cellular S.A. i a global telecommunications
group with mobile telephony operations in 13 countries in Latin America
and Africa. It also operates various combinations of fixed telephony,
cable and broadband businesses in six countries in Latin America and
online and e-commerce services in a number of countries in Latin America
and Africa. The Group's mobile operations have a combined population
under license of approximately 273 million people.
This press release may contain certain "forward-looking statements" with
respect to Millicom's expectations and plans, strategy, management's
objectives, future performance, costs, revenues, earnings and other
trend information. It is important to note that Millicom's actual
results in the future could differ materially from those anticipated in
forward-looking statements depending on various important factors.
Please refer to the documents that Millicom has filed with the U.S.
Securities and Exchange Commission under the U.S. Securities Exchange
Act of 1934, as amended, including Millicom's most recent annual report
on Form 20-F, for a discussion of certain of these factors.
All forward-looking statements in this press release are based on
information available to Millicom on the date hereof. All written or
oral forward-looking statements attributable to Millicom International
Cellular S.A., and Millicom International Cellular S.A. employees or
representatives acting on Millicom's behalf are expressly qualified in
their entirety by the factors referred to above. Millicom does not
intend to update these forward-looking statements.
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