Millicom International Cellular S.A. (``Millicom") (Nasdaq Stock
Market: MICC, Stockholmsborsen and Luxembourg Stock Exchange: MIC),
announces that it has won a tender for a 10 year license to operate a
GSM 900 wireless telephony network in the Republic of Chad, Central
Africa. The license terms and conditions will be finalized in
negotiations with the regulator in the coming months.
Chad has a population of 8.3 million people, with almost 67% of the
population below the age of 25 and mobile penetration of 1.4%. Millicom
will provide coverage in a number of cities including the capital city
N'Djamena.
Marc Beuls, President and CEO of Millicom International Cellular S.A.
said: ``We are delighted to have won the tender for this second license
in Chad in line with our strategy to widen our portfolio of countries in
Africa and enhance synergies in the region. Chad is at an early stage in
the development of its telecoms infrastructure and we look forward to
providing a range of services at competitive prices in this market from
2005 onwards."
Millicom International Cellular S.A. is a global telecommunications
investor with cellular operations in Asia, Latin America and Africa. It
currently has a total of 16 cellular operations and licenses in 15
countries. The Group's cellular operations have a combined population
under license of approximately 387 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., any Millicom International Cellular S.A members or
persons 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.