Millicom to sell remaining stake in Helios Towers

Rhea-AI Summary

Millicom has announced the sale of its entire stake in Helios Towers, comprising 76,451,874 shares, which is about 7.65% of Helios Towers’ issued share capital. The binding agreements have been signed with two institutional investors and the transaction is anticipated to close on June 2, 2021. This move completes Millicom's divestment from Helios Towers, as it focuses on its core business in emerging markets. The company's commitment to high-speed broadband and digital services remains strong.

Positive

• Millicom completes the divestment of its stake in Helios Towers, allowing a streamlined focus on core operations.
• The sale of 76,451,874 shares signifies a strategic shift, clearing the way for reinvestment in emerging markets.

Negative

• None.

Millicom to sell remaining stake in Helios Towers

Luxembourg, May 30, 2021 – Millicom announces today that its fully owned subsidiary, Millicom Holding B.V., has signed binding agreements with two institutional investors to sell its entire stake (76,451,874 ordinary shares) in Helios Towers plc (equivalent to approximately 7.65% of Helios Towers’ issued share capital). The transaction is subject to customary closing conditions and expected to close on June 2, 2021. With this transaction, Millicom will complete the divestment of its shares in Helios Towers plc.

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For further information, please contact

Press: Vivian Kobeh, Director Corporate Communications +1-786-628-5300 press@millicom.com   Yocasta Valdez, Group Manager Digital Media & Communications +1-305-929-5417 press@millicom.com

Investors: Michel Morin, VP Investor Relations +1-786-628-5270                                                                                                           investors@millicom.com   Sarah Inmon, Director Investor Relations +1-786-628-5303                                                                                                  investors@millicom.com

About Millicom
Millicom (NASDAQ U.S.: TIGO, Nasdaq Stockholm: TIGO_SDB) is a leading provider of fixed and mobile services dedicated to emerging markets in Latin America and Africa. Millicom sets the pace when it comes to providing high-speed broadband and innovation around The Digital Lifestyle® services through its principal brand, TIGO. As of December 31, 2020, Millicom operating subsidiaries and joint ventures employed more than 21,000 people and provided mobile services to approximately 55 million customers, with a cable footprint of more than 12 million homes passed. Founded in 1992, Millicom International Cellular S.A. is headquartered in Luxembourg.

 

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• PR_Millicom to sell remaining stake in Helios Towers_053021

FAQ

What is Millicom's recent announcement regarding Helios Towers?

Millicom announced the sale of its entire stake in Helios Towers, totaling 76,451,874 shares, expected to close on June 2, 2021.

How much of Helios Towers' issued share capital does Millicom own?

Millicom's stake in Helios Towers represents approximately 7.65% of the company's issued share capital.

What are the implications of Millicom selling its stake in Helios Towers?

The divestment allows Millicom to concentrate on its core operations and reinvest in emerging markets.