NEW YORK, LONDAN, and BERTRANGE, Luxembourg, Jan. 9, 2004 (PRIMEZONE) --Millicom International Cellular S.A. ("Millicom") (Nasdaq:MICC) announces that on January 8, 2004, it filed a preliminary registration statement on Form F-3 with the U.S. Securities and Exchange Commission (the "SEC") in respect of its 2% Senior Convertible PIK Notes due 2006 (the "Notes") and the shares of Millicom common stock issuable upon conversion of the Notes. Certain selling security holders named in the prospectus contained in the registration statement are offering the Notes and the common stock issuable upon conversion of the Notes for resale. Millicom will not receive any proceedsfrom the resale of the Notes or underlying common stock by such holders.
The registration statement has not yet been reviewed by the SEC and, accordingly, the information in the registration statement is not yet complete and may be changed. Prior to the effectiveness of the registration statement, the Notes and the common stock issuable upon conversion of the Notes may not be offered, sold or otherwise transferred except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933, as amended (the "Securities Act") and applicable state securities laws.
The Notes were originally issued in May 2003 in an exchange offer and consent solicitation transaction exempt from the registration requirements of the Securities Act. The registration statement was filed to comply with Millicom's obligations under the indenture governing the Notes.
This communication shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
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.
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