BERTRANGE, Luxembourg, NEW YORK and LONDON, Dec. 27, 2002 (PRIMEZONE) -- Millicom International Cellular S.A. ("Millicom") (Nasdaq:MICC), the global telecommunications investor, today announced that on December 24, 2002, it entered into a share purchase agreement with Comcel SA of Columbia and its parent company American Movil to sell Millicom's shares in its Columbian operations, Celcaribe SA, to Comcel SA.
Marc Beuls Telephone: +352 27 759 101
President and Chief Executive Officer
Millicom International Cellular S.A.,
Jim Millstein Telephone: +1 212 632 6000
Peter Warner Telephone: +44 20 7588 2721
Andrew Best Telephone: +44 20 7321 5022
Investor Relations
Shared Value Ltd, London
Millicom 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. Millicom also has a 7.0% interest in Tele2 AB (Nasdaq:TLTOA), the leading alternative pan-European telecommunications company offering fixed and mobile telephony, data network and Internet services to over 16 million customers in 21 countries. Millicom's shares are traded on the Nasdaq Stock Market under the symbol MICC.
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