RESULTS FOR THE PERIOD ENDED SEPTEMBER 30, 2009

RESULTS FOR THE PERIOD ENDED SEPTEMBER 30, 2009

All figures presented exclude discontinued operations (Cambodia, Laos, Sri Lanka
and Sierra Leone), except where otherwise stated.  Historical figures have been
restated to provide a comparable base, where necessary.

Q3 key figures

•	Mobile customers up 20% versus Q3 08, bringing total customers to 31.9 million
•	Organic constant currency revenues up 9% versus Q3 08
•	Reported revenues up 7% to $856 million (Q3 08: $800 million)
•	EBITDA up 13% to $392 million (Q3 08: $346 million)
•	EBITDA margin of 45.8% (+2.6 percentage points versus Q3 08)
•	Net profit* of $143 million (Q3 08: $161 million)
•	Basic earnings per common share* of $1.31 (Q3 08: $1.49)
•	Free cash flow of $108 million (Q3 08: $1 million)

* Includes discontinued operations


Mikael Grahne, CEO of Millicom, commented: 

"It has been another encouraging quarter of growth in our business.  Despite the
continued challenges of the economic environment, we have maintained underlying
revenue growth rates close to the level of the first half.  We continue to grow
market share strongly, with the lower rate of customer intake reflecting the
high level of voice penetration in Central America and our increasing focus on
higher value customers.  Demand for 3G services in Latin America is growing
strongly, and we anticipate mobile broadband becoming mass market before long.

”Margins continue to be strong, reflecting excellent momentum in value-added
services, a rigorous approach to cost control, and improving critical mass in
Africa, where the EBITDA margin is up nearly four percentage points
year-on-year.  This, in turn, is making the Group increasingly cash generative. 
We are very confident of achieving our targets for EBITDA margin, capex and
operating free cash flow for 2009.

“We are progressing with our divestment program, with agreements signed for the
sale of our businesses in Sierra Leone, Cambodia and Laos.  Since the quarter
end, we also completed the disposal of our Sri Lankan operation. This process
will allow us to focus our management and financial resources on Latin America
and Africa, where we continue to see very attractive long term growth
opportunities. 

“As a result of our strong financial position, which will be further enhanced by
the growing cash flow generation of our business and the proceeds from our Asian
disposals, we are reviewing options for the uses of our cash.  We intend to
communicate the results of this review by our Q4 2009 results in February 2010.

“There are no signs of economic recovery as yet in our markets.  However, we are
gaining market share while improving margins and cash flow. We remain very
excited about the future, with penetration growth in Africa, and mobile
broadband in all our markets, providing us with attractive long term growth
potential.  We have the proven capabilities - a strong distribution platform,
market-leading innovation and first-rate operational control - to enable us to
exploit these opportunities profitably.”

Note: For tabular financial information and the full text of the statement,
please refer to the attached PDF or the Millicom website: www.millicom.com

Conference call details

A conference call to discuss the results will be held at 14.00 London / 15.00
Stockholm / 09.00 New York, on Tuesday, October 20, 2009.  The dial-in numbers
are: +44 (0)20 7138 0825, +46 (0)8 5352 6439 or +1 212 444 0481 and the pass
code is 4244528#.  Please go to our website at www.millicom.com for a copy of
the slides to be discussed during the call. A live audio stream of the
conference call can also be accessed at www.millicom.com.  Please dial in / log
on 5 minutes prior to the start of the conference call to allow time for
registration.  A recording of the conference call will be available for 7 days
after the conference call, commencing approximately 30 minutes after the live
call has finished, on: +44 (0)20 7111 1244 / +46 (0)8 5051 3897 or +1 347 366
9565, access code: 4244528#.

CONTACTS

Francois-Xavier Roger
Chief Financial Officer
Telephone:  +352 27 759 327

Peregrine Riviere
Head of External Communications
Telephone: +352 691 750 098

Emily Hunt	
Investor Relations
Telephone: +44 (0)7879 426358

Visit our web site at http://www.millicom.com


Millicom International Cellular S.A. is a global telecommunications group with
mobile telephony operations in 15 countries in Asia, Latin America and Africa.
It also operates cable and broadband businesses in five countries in Central
America.  The Group's mobile operations have a combined population under license
of approximately 287 million people.

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. employees or representatives 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.