Millicom Confirms Expiration of Consent Solicitation
Millicom International Cellular S.A. has announced the expiration of its consent solicitations concerning several Senior Notes. These notes include the 6.625% due in 2026, 5.125% due in 2028, 6.250% due in 2029, 4.500% due in 2031, and 7.375% due in 2032. Holders of record for these notes, as of August 2, 2024, were invited to take part in the solicitation aimed at amending specific provisions of the related indentures.
Details of the Consent Solicitation
The purpose of the solicitation was to gather consents for the Proposed Amendments to the indentures that govern these Senior Notes. However, following the solicitation period, Millicom has decided that the Proposed Amendments will not be put into effect.
No Offer Made
This announcement serves to clarify that it does not constitute 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 remains dedicated to ensuring transparency with its stakeholders regarding these financial actions.
Contact Information
For those who require additional information or clarification, Millicom has made the following contact details available:
Press Inquiries
Sofía Corral, Director of Corporate Communications
Email: press@millicom.com
Investor Relations
Michel Morin, VP of Investor Relations
Email: investors@millicom.com
About Millicom
Millicom (NASDAQ U.S.: TIGO, Nasdaq Stockholm: TIGO_SDB) is a leading telecommunications provider in Latin America. Operating under the TIGO® and Tigo Business® brands, the company offers a wide range of digital services, including TIGO Money for mobile financial services, TIGO Sports for entertainment, and TIGO ONEtv for pay TV subscriptions. Additionally, Millicom provides high-speed data and voice services, along with business solutions such as cloud and security services.
As of mid-2024, Millicom employs around 15,000 people across its operations, delivering mobile and fiber-cable services to more than 45 million customers. The company has a significant fiber-cable footprint, reaching approximately 14 million homes. Established in 1990, Millicom's 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, you can reach Sofía Corral, Director of Corporate Communications, via email at press@millicom.com.
What financial instruments were included in Millicom's solicitation?
The consent solicitations included several series of Senior Notes, specifically those 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, recognized for its extensive services across mobile, fixed, and various digital platforms.
How many customers does Millicom serve?
Millicom serves over 45 million customers through its comprehensive digital networks and fiber-cable services.
