Millicom Confirms Expiration of Consent Solicitation
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Millicom Confirms Expiration of Consent Solicitation
Millicom International Cellular S.A. announces the expiration of its consent solicitations regarding its various Senior Notes. These notes include the 6.625% due 2026, 5.125% due 2028, 6.250% due 2029, 4.500% due 2031, and 7.375% due 2032. The holders of record for these notes, as of August 2, 2024, were invited to participate in the solicitation which aimed to amend certain provisions of the related indentures.
Details of the Consent Solicitation
The solicitation was initiated to seek consents concerning the Proposed Amendments to the indentures governing these Senior Notes. However, after the solicitation period, Millicom has determined that the Proposed Amendments will not be implemented.
No Offer Made
This announcement clarifies that it does not represent an offer to sell or issue securities, nor does it solicit offers to purchase or subscribe for any of the Notes in any jurisdiction. Millicom is committed to maintaining transparency with its stakeholders regarding such financial actions.
Contact Information
For those seeking further insight or clarification, Millicom has provided contact details:
Press Inquiries
Sofía Corral, Director Corporate Communications
Email: press@millicom.com
Investor Relations
Michel Morin, VP Investor Relations
Email: investors@millicom.com
About Millicom
Millicom (NASDAQ U.S.: TIGO, Nasdaq Stockholm: TIGO_SDB) stands as a leading telecommunications provider in Latin America. The company operates under the brands TIGO® and Tigo Business®, delivering a diverse array of digital services, which encompass TIGO Money for mobile financial services, TIGO Sports for entertainment, and TIGO ONEtv for pay TV subscriptions. Additionally, Millicom offers high-speed data and voice services, as well as business solutions, including cloud and security
As of mid-2024, Millicom has employed approximately 15,000 individuals across its operations, providing mobile and fiber-cable services to over 45 million customers. The company boasts a considerable fiber-cable footprint, reaching about 14 million homes. Established in 1990, its headquarters is located in Luxembourg.
Frequently Asked Questions
What did Millicom announce regarding the consent solicitations?
Millicom announced the expiration of its consent solicitations for its Senior Notes and confirmed that the proposed amendments will not be made.
Who should be contacted for press inquiries at Millicom?
For press inquiries, Sofía Corral, Director Corporate Communications, can be contacted via email at press@millicom.com.
What financial instruments were included in Millicom's solicitation?
The consent solicitations included multiple series of Senior Notes, specifically due in 2026, 2028, 2029, 2031, and 2032.
What is Millicom's significance in the telecommunications industry?
Millicom is a prominent telecommunications provider in Latin America, known for extensive services across mobile, fixed, and various digital platforms.
How many customers does Millicom serve?
Millicom provides services to over 45 million customers through its extensive digital networks and fiber-cable services.
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