BERTRANGE, Luxembourg, Jan. 22, 2004 (PRIMEZONE) -- Millicom International Cellular S.A. ("Millicom") (Nasdaq:MICC) today announces that its Board of Directors has decided to start preparations in order to apply for a listing of its shares on the Stockholmsborsen stock exchange in Sweden. The listing is expected to become effective during the first half of 2004. The listing will be in addition to the listing of Millicom's shares on the NASDAQ National Market and the Luxembourg stock exchange.
Marc Beuls, President and CEO, commented: "We believe that a secondary listing in Stockholm will increase liquidity in Millicom's stock. European investors, particularly in the Nordic region, have expressed significant interest in Millicom as a result of their knowledge of the Kinnevik group and a listing in Stockholm will make it easier for such investors to trade Millicom shares and will provide greater market visibility."
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.
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 382 million people. In addition, MIC provides high-speed wireless data services in five countries.
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