Millicom (Tigo) comments on shareholder communication
24 May 2024 - 6:30AM
Millicom (Tigo) comments on shareholder
communication
Luxembourg, May 23, 2024 – The
Board of Directors of Millicom International Cellular S.A.
(“Millicom”) confirms that it received today a non-binding
expression of interest from one of its shareholders, Atlas Luxco
S.à.r.l (“Atlas”). Consistent with the prior press release
filed this morning by Atlas, and with the Form 13D filed by Atlas
later today, the letter indicates that Atlas is
exploring financing options to support a potential all-cash
tender offer for all outstanding shares in Millicom at a price of
US$24 per share, and its SEK equivalent per
SDR.
The Board of Directors will carefully review any
offer, should one be made. There is no certainty that a
transaction will materialize nor as to the terms, timing or form of
any potential transaction.
-END-
For further information, please contact:
Press: |
Investors: |
Sofia Corral, Director Corporate Communications
press@millicom.com |
Michel Morin, VP Investor Relations investors@millicom.com |
About MillicomMillicom (NASDAQ
U.S.: TIGO, Nasdaq Stockholm: TIGO_SDB) is a leading provider of
fixed and mobiletelecommunications services in Latin America.
Through our TIGO® and Tigo Business® brands, we provide a wide
range of digital services and products, including TIGO Money for
mobile financial services, TIGO Sports for local entertainment,
TIGO ONEtv for pay TV, high-speed data, voice, and
business-to-business solutions such as cloud and security. As of
March 31, 2024, Millicom, including its Honduras Joint Venture,
employed approximately 15,500 people, and provided mobile and
fiber-cable services through its digital highways to more than 45
million customers, with a fiber-cable footprint over 14 million
homes passed. Founded in 1990, Millicom International Cellular S.A.
is headquartered in Luxembourg.
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