Millicom merger with UNE receives first of three regulatory approvals from Colombian authorities

Stockholm, 16 April, 2014 – Millicom today announced that its proposed merger
with UNE in Colombia has been given conditional approval by the country’s
regulator for Industry and Commerce, the SIC.
The SIC’s approval includes conditions on use of spectrum, the terms of which
the company is reviewing.

The proposed merger is also being considered by two other regulatory bodies
concerned with television (the ANTV) and Finance (SIF) and expects their
decisions shortly to enable the transaction to take effect in Q2.
For more please visit: www.millicom.com or contact:

Press Enquiries:
Julian Eccles, VP, Corporate Communications
+44 7720 409374
press@millicom.com

Investor Enquiries:
Nicolas Didio, Director, Head of Investor Relations
+44 7795 385217
investors@millicom.com
About Millicom

Millicom is a leading international telecommunications and media company
dedicated to emerging markets in Latin America and Africa. Millicom sets the
pace when it comes to providing digital lifestyle services to the world’s
emerging markets, giving access to the world, primarily through mobile devices.
Operating in 15 countries, Millicom offers innovative and customer-centric
products. Millicom employs more than 10,000 people and provides mobile, cable,
broadband, TV content, online and financial services to over 50 million
customers. Founded in 1990, Millicom is headquartered in Luxembourg and listed
on NASDAQ OMX Stockholm under the symbol MIC. In 2013 Millicom generated revenue
of $5.16 billion and EBITDA of $1.9 billion.