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2014-06-04

Millicom International Cellular: Millicom, Airtel and Zantel announce Africa's first mobile money interoperability agreement

Stockholm, 4 June, 2014 - The subsidiary of Millicom
(Stockholmsbörsen: MIC) in Tanzania, Tigo, joined with Airtel and
Zantel today to announce Africa's first agreement to allow their
customers in the country to send money to each other whether using
Tigo Pesa, Airtel Money or EzyPesa on their mobile handsets. The
service is expected to begin this month.

This is the first agreement in Africa to adopt interoperable mobile
money services, whereby one network allows another network's
customers to send money to its own clients. In the early years of
the mobile industry, such agreements were common for both voice calls
and SMS text messaging.

With this groundbreaking agreement, the potential number of customers
able to send money by mobile to each other in Tanzania, regardless of
network, will increase to over sixteen million.

Airtel, Zantel and Tigo welcomed today the recent statement by
Vodafone supporting the principle of such interoperability and looks
forward to concluding a similar agreement with Vodacom in Tanzania.

Hans-Holger Albrecht, Millicom's President and CEO commented, "We are
delighted to work with our counterparts to extend the mobile money
universe in Tanzania. With this agreement we can help make Tanzania a
global pioneer in digital financial inclusion. Interoperability will
be a catalyst for growth in the mobile money sector and is long
overdue. It's an example to operators in other countries."

Tigo has over 6.2 million customers in Tanzania overall and 3.4m users
of its Tigo Pesa mobile money service.

In February 2014, Millicom launched the world's first cross-border
mobile money service with currency conversion between Tanzania and
Rwanda.

For more please visit: www.millicom.com or contact:

Press Enquiries:
Julian Eccles, VP, Corporate Communications
+44 7720 409374
press@millicom.com

Investor Enquiries:
Nicolas Didio, Director of Investor Relations
+44 203 249 2220
investors@millicom.com

About Millicom

Millicom is a leading international telecommunications and media
company dedicated to emerging markets in Latin America and Africa.
Millicom sets the pace when it comes to providing digital lifestyle
services to the world's emerging markets, giving access to the world,
primarily through mobile devices. Operating in 15 countries, Millicom
offers innovative and customer-centric products. Millicom employs
more than 10,000 people and provides mobile, cable, broadband, TV
content, online and financial services to over 50 million customers.
Founded in 1990, Millicom is headquartered in Luxembourg and listed
on NASDAQ OMX Stockholm under the symbol MIC. In 2013 Millicom
generated revenue of $5.16 billion and EBITDA of $1.9 billion.

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http://news.cision.com/millicom-international-cellular/r/millicom--airte...
http://mb.cision.com/Main/950/9596486/252839.pdf

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