Creation of a new Tower Company in Tanzania

3rd December 2010

New York and Stockholm, 3 December 2010 – Millicom International Cellular S.A. (“Millicom”) (Nasdaq Stock Market: MICC and Stockholmsbörsen: MIC) today announces that its subsidiary, Millicom Tanzania Limited (“Tigo Tanzania”), has agreed to sell approximately 1,020 towers to Helios Towers Tanzania (“HTT”), a direct subsidiary of Helios Towers Africa (“HTA”). As a result of the transaction, Tigo Tanzania will receive at least $80 million of cash up front and will retain a significant minority interest in HTT.

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