Millicom International Cellular S.A. Announces Results For The Quarter Ended March 31, 2003


BERTRANGE, Luxembourg, April 24, 2003 (PRIMEZONE) --


 - EBITDA Margin of 50%*
 - 20% increase in EBITDA to $69.0m (Q1 02: $57.7m)*
 - 11% increase in revenue to $138.8m (Q1 02: $124.8m)*
 - 36% increase in quarterly EBITDA in Asia from Q1 2002*
 - 25% increase in quarterly revenue in Asia from Q1 2002*

Millicom International Cellular (Nasdaq:MICC), the global telecommunications investor, today announces results for the quarter ended March 31, 2003.

Visit our web site at http://www.millicom.com

CONFERENCE CALL DETAILS

A conference call to discuss the results will be held at 16:00 Luxembourg time / 10:00 New York time, on Thursday, April 24, 2003. The dial-in number is: +44 20 8240 8245 and participants should quote Millicom International Cellular. A live audio stream of the conference call can also be accessed at www.millicom.com. Please dial in / log on 5 minutes prior to the start of the conference call to allow time forregistration. A recording of the conference call will be available for 48 hours, commencing shortly after the live call has finished, on +44 208288 4459, access code: 709272.


 APPENDICES

 - Consolidated statements of profit and loss for the three months
   ended March 31, 2003 and 2002

 - Consolidated balance sheets as at March 31, 2003 and December 31,
  2002

 - Consolidated statements of cashflows for the three months ended
   March 31, 2003 and 2002

 - Consolidated statements of changes in shareholders' equity for the
   three months ended March 31, 2003 and 2002

 - MIC quarterly analysis by region

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The following files are available for download:

http://www.waymaker.net/bitonline/2003/04/24/20030424BIT01130/wkr0001.doc

The full report

http://www.waymaker.net/bitonline/2003/04/24/20030424BIT01130/wkr0002.pdf

The full report



            

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