Millicom International Cellular: Millicom Reports to Authorities Potential Improper Payments on Behalf of Its Guatemala Joint...
October 21 2015 - 3:48PM
Business Wire
Millicom (NASDAQ:MICC) (STO:MIC)
today announced that it has reported to law
enforcement authorities in the United States and Sweden
potential improper payments made on behalf of the company’s
joint venture in Guatemala.
A Special Committee of the Board of Directors made the decision
in connection with an independent investigation being
overseen by the Special Committee and conducted by
international law firm Covington & Burling LLP, with the
support of Millicom’s management team.
Millicom is committed to fully cooperating
with the authorities. It is not possible at this time to
predict the matter's likely duration or outcome.
Millicom is committed to the highest ethical business standards
and to full compliance with all applicable laws and regulations in
every market in which the company operates.
About Millicom
Millicom is a leading telecom and media company dedicated to
emerging markets in Latin America and Africa. Millicom sets the
pace when it comes to providing innovative and customer-centric
digital lifestyle services to the world’s emerging markets. The
Millicom Group employs more than 16,000 people and provides mobile
services to over 59 million customers. Founded in 1990, Millicom
International Cellular SA is headquartered in Luxembourg and listed
on NASDAQ OMX Stockholm under the symbol MIC. In 2014, Millicom
generated revenue of USD 6.4 billion and EBITDA of USD 2.1
billion.
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Press Enquiries:Tabitha Aldrich-Smith, Interim
Communications DirectorTel: +352 277 59084 (Luxembourg)+44 7971 919
610press@millicom.comorInvestor Relations:Nicolas Didio,
Director, Head of Investor RelationsTel: +352 277 59125
(Luxembourg)+44 203 249 2220investors@millicom.com
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