BERTRANGE, Luxembourg, Oct. 25, 2002 (PRIMEZONE) -- Millicom International Cellular S.A. ("MIC") (Nasdaq:MICC), the global telecommunications investor, today announces that Paktel, MIC's second cellular operation in Pakistan, has been granted a modification to its license and has been awarded GSM 900 spectrum.
Marc Beuls, MIC's President and CEO commented: "We are very pleased with this amendment to Paktel's license as the move to GSM will enable us to capitalise further on the substantial growth in the cellular market occuring in Pakistan. From our experience in our other operations in Asia and Africa we know that the migration from analogue to GSM spectrum will positively enhance both subscriber and revenue growth."
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 18 cellular operations and licenses in 17 countries. The Group's cellular operations have a combined population under license (excluding Tele2) of approximately 444 million people. In addition, MIC operates the world's largest GSM clearing house and has licenses to provide high-speed wireless data services in seven countries. MIC also has an 8.2% interest in Tele2 AB, the leading alternative pan-European telecommunications company offering fixed and mobile telephony, data network and Internet services to over 16 million people in 21 countries. The Company's shares are traded on the Nasdaq Stock Market under the symbol MICC.
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