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Message: <blockquote data-quote="elabanda" data-source="post: 5695949" data-attributes="member: 55954">NEW YORK & STOCKHOLM--(Business Wire)--Millicom International Cellular S.A. ("Millicom") (Nasdaq Stock Market: MICC andStockholmsbörsen: MIC) (NASDAQ:MICC) (STO:MIC) today announces that it hasentered into an unconditional agreement for the sale of Tigo (Private) Limited,its Sri Lanka operation, to Etisalat for approximately $155 million in totalcash proceeds. The transaction values the Sri Lanka operation at an enterprisevalue of $207 million, which represents approximately 7.4x estimated 2009EBITDA. The transaction is not subject to any conditions and is expected toclose on or before October 20, 2009. Mikael Grahne, President and CEO of Millicom, commented: "We are very pleased tohave agreed to sell our Sri Lanka operations to Etisalat. Our management teamthere has performed very well in establishing a strong market position and Iwould like to thank all our employees in Sri Lanka for their contribution overthe years. "This agreement represents the final element of our recent divestment programand, upon completion of the previously announced transactions concerning ourCambodian and Laotian operations, will leave the Group well positioned to focuson the significant long term growth opportunities in Latin America and Africa."</blockquote>

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