<SEC-DOCUMENT>0000950103-20-021156.txt : 20201030
<SEC-HEADER>0000950103-20-021156.hdr.sgml : 20201030
<ACCEPTANCE-DATETIME>20201030161210
ACCESSION NUMBER:		0000950103-20-021156
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20201030
FILED AS OF DATE:		20201030
DATE AS OF CHANGE:		20201030

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MILLICOM INTERNATIONAL CELLULAR SA
		CENTRAL INDEX KEY:			0000912958
		STANDARD INDUSTRIAL CLASSIFICATION:	RADIO TELEPHONE COMMUNICATIONS [4812]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-38763
		FILM NUMBER:		201277470

	BUSINESS ADDRESS:	
		STREET 1:		2, RUE DU FORT
		CITY:			BOURBON
		STATE:			N4
		ZIP:			L-1249
		BUSINESS PHONE:		3524571451

	MAIL ADDRESS:	
		STREET 1:		2, RUE DU FORT
		CITY:			BOURBON
		STATE:			N4
		ZIP:			L-1249
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>dp139825_6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>
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<P STYLE="margin: 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 6-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: -6.85pt"><B>REPORT OF FOREIGN
PRIVATE ISSUER</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: -6.85pt"><B>PURSUANT TO RULE
13a-16 OR 15d-16 OF THE</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: -6.85pt"><B>SECURITIES EXCHANGE
ACT OF 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">For the month of October, 2020.</P>

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<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>


<P STYLE="margin: 0"></P>

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<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Commission File Number: 001-38763</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 24pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>MILLICOM INTERNATIONAL <BR>
CELLULAR S.A.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(<I>Exact Name of Registrant as Specified
in Its Charter</I>)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>2, Rue du Fort Bourbon,</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>L-1249 Luxembourg</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Grand Duchy of Luxembourg</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>(Address of principal executive office)</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Indicate by check mark whether the registrant
files or will file annual reports under cover of Form&nbsp;20-F or Form 40-F:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="width: 50%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 29%; font-size: 10pt; text-align: center">Form 20-F</TD>
    <TD STYLE="width: 14%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#9746;</P></TD>
    <TD STYLE="width: 15%; font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 28%; font-size: 10pt; text-align: center">Form 40-F</TD>
    <TD STYLE="text-align: center; width: 14%">
&#9744;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
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    <TD STYLE="text-align: center">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Indicate by check mark if the registrant
is submitting the Form 6-K in paper as permitted by Regulation&nbsp;S-T&nbsp;Rule&nbsp;101(b)(1):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="width: 50%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 29%; font-size: 10pt; text-align: center">Yes</TD>
    <TD STYLE="text-align: center; width: 14%">
&#9744;</TD>
    <TD STYLE="width: 15%; font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 28%; font-size: 10pt; text-align: center">No</TD>
    <TD STYLE="width: 14%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#9746;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Indicate by check mark if the registrant
is submitting the Form 6-K in paper as permitted by Regulation&nbsp;S-T&nbsp;Rule&nbsp;101(b)(7):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="width: 50%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 29%; font-size: 10pt; text-align: center">Yes</TD>
    <TD STYLE="text-align: center; width: 14%">
&#9744;</TD>
    <TD STYLE="width: 15%; font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 28%; font-size: 10pt; text-align: center">No</TD>
    <TD STYLE="width: 14%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#9746;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">MILLICOM INTERNATIONAL CELLULAR S.A.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">INDEX TO FURNISHED MATERIAL</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Item<BR>
______<BR>
<BR>
</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">1.</TD><TD>Press release dated October 30, 2020</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">2.</TD><TD>Management Report and Unaudited Interim Condensed Consolidated Financial Statements for the three-and nine-months periods ended
September 30, 2020</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Item
1</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B></B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="padding-left: 50pt; background-color: rgb(0,6,64); text-align: left; width: 50%; vertical-align: middle"><P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 18pt; color: #CBF8FF"><B>Earnings
                           Release</B></FONT></P>


<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #CBF8FF"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Q3
2020</FONT></P>

</TD>
    <TD STYLE="background-color: rgb(0,6,64); text-align: center; width: 50%"><IMG SRC="image_001.jpg" ALT="">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"></FONT></P>

<P STYLE="text-align: left; font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640">Luxembourg, October&nbsp;30, 2020</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640">&nbsp;</P>

<P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: #000640"><B>Getting Back On Track</B></P>

<P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: #000640">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="color: #000640"><B>Group </B></FONT><B>highlig<FONT STYLE="color: #000640">hts
Q3 2020</FONT></B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><I>The financial highlights discussed and summarized in the table
below are presented on an IFRS basis and therefore do not include the fully consolidated results from our Guatemala and Honduras
joint ventures.</I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #474747"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>The Group has continued to prioritize employee and customer safety and has remained committed to providing reliable connectivity
in support of our communities during the pandemic.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #474747"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>The improved performance that began in June continued throughout the third quarter, with robust customer growth and most operating
and financial metrics improving sequentially in Q3 compared to Q2 2020.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #474747"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>Revenue of $1,026 million in Q3 improved from $970 million in Q2, driven by improved performance in Mobile, while operating
profit increased to $97 million from $93 million.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #474747"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>Healthy cash flow generation and continued focus on debt reduction.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top; background-color: #000640">
    <TD STYLE="padding: 2pt; width: 41%; border-top: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Financial highlights ($ millions)</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 9%; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q3 2020</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 10%; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q3 2019</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 10%; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>% change</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 10%; border-top: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>9M 2020</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 10%; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>9M 2019</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 10%; border-top: black 1pt solid; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>% change</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; vertical-align: top; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Revenue</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1,026</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1,097</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(6.5)%</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">3,083</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">3,186</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(3.2)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; vertical-align: top; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Operating Profit</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">97</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">176</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(45.2)%</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">323</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">446</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(27.6)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; vertical-align: top; border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Net Loss attributable to owners</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(51)</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(131)</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(61.3)%</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(288)</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(73)</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">NM</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><B>Latin America segment highlights<FONT STYLE="font-size: 12pt"><SUP>1</SUP></FONT>
&ndash; Q3 2020</B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><I>Our Latin America (&ldquo;Latam&rdquo;) segment includes our
Guatemala and Honduras joint ventures as if they were fully consolidated. These highlights and the table that follows include non-IFRS
measures. See page 20 for a description of these measures and for reconciliations to the nearest equivalent IFRS measures.</I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #474747"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><B>&bull;</B></TD><TD>Demand for the majority of our services improved during the quarter, as governments have gradually eased the lockdowns aimed
at containing the virus.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #474747"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><B>&bull;</B></TD><TD>Record customer net additions in both Mobile (1.7 million) and Cable (157,000), driven in part by the reconnection of many
customers who had temporarily benefited from our lifeline services.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #474747"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><B>&bull;</B></TD><TD>Service revenue increased by $48 million sequentially to $1,318 million in Q3 compared to $1,270 million in Q2 2020, driven
by a significant improvement in prepaid mobile in every country.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #474747"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><B>&bull;</B></TD><TD>On a year-on-year basis, service revenue declined 3.1% organically, improving from a 6.8% decline in Q2.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #474747"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><B>&bull;</B></TD><TD>EBITDA increased by $37 million sequentially to $581 million in Q3 compared to $544 million in Q2, reflecting the higher service
revenue as well as lower bad debt.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #474747"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><B>&bull;</B></TD><TD>OCF was $362 million in the quarter, and at $1,142 million year-to-date is in line with our revised 2020 target of about $1.4
billion and similar to 2019.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom; background-color: #000640">
    <TD STYLE="padding: 2pt; width: 40%; border-top: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Latam segment highlights ($ millions)</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 10%; border-top: black 1pt solid; border-left: black 2.25pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q3 2020</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 10%; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q3 2019</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 10%; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B><I>% change</I></B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 10%; border-top: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>9M 2020</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 10%; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>9M 2019</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 10%; border-top: black 1pt solid; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B><I>% change</I></B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; vertical-align: top; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Revenue</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1,445</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1,500</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(3.7)%</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">4,309</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">4,387</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(1.8)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; vertical-align: top; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Service Revenue</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1,318</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1,383</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(4.7)%</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">3,984</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">4,072</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(2.2)%</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: black 1pt solid; padding: 2pt 2pt 2pt 0.25in; vertical-align: top"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>Organic growth</I></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000040"><I>(3.1)%</I></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000040"><I>1.0%</I></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000040"><I>(4.1) pt</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000040"><I>(3.3)%</I></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000040"><I>2.2%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000040"><I>(5.5) pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; vertical-align: top; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">EBITDA</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000040">581</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000040">619</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(6.1)%</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000040">1,725</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000040">1,782</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000040">(3.2)%</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: black 1pt solid; padding: 2pt 2pt 2pt 0.25in; vertical-align: top"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>Organic growth</I></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000040"><I>(5.6)%</I></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000040"><I>0.7%</I></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000040"><I>(6.3) pt</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000040"><I>(5.4)%</I></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000040"><I>2.2%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000040"><I>(7.6) pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; vertical-align: top; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">EBITDA Margin</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000040">40.2%</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000040">41.3%</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000040"><I>(1.0) pt</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000040">40.0%</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000040">40.6%</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000040"><I>(0.6) pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; vertical-align: top; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Capex</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000040">220</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000040">247</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000040">(11.2)%</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: top; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000040">583</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000040">639</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(8.8)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; vertical-align: top; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">OCF (EBITDA &ndash; Capex)</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000040">362</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000040">372</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000040">(2.7)%</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: top; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000040">1,142</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000040">1,143</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(0.1)%</FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 2pt 2pt 2pt 0.25in; vertical-align: top"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>Organic growth</I></FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: top; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000040"><I>(1.0)%</I></FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: top; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000040"><I>10.0%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000040"><I>(11.0) pt</I></FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: top; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000040"><I>(2.7)%</I></FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: top; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000040"><I>7.8%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000040"><I>(10.5) pt</I></FONT></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;</P>


<P STYLE="margin: 0"></P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 3pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 15%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->




<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: gray"><B><I><SUP>1</SUP></I></B><I> Service revenue, EBITDA,
EBITDA margin, Capex, OCF and Organic growth are non-IFRS measures. See page 20 for a description of these measures and for reconciliations
to the nearest equivalent IFRS measures. 2019 EBITDA and OCF numbers have been re-presented as a result of a change in cost allocation.
Please refer to our Q1 2020 Earnings Release for a description and reconciliation of this re-presentation.</I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: gray"></P>


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<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><B>Millicom Chief Executive Officer Mauricio
Ramos commented:</B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282"><FONT STYLE="background-color: white">&quot;During
the third quarter, we continued to follow the crisis management playbook we implemented in March, which prioritizes employee and
customer safety and retention, keeps our communities connected, and protects cash flow, while also investing to support long term
strategic initiatives, such as network investment, digital transformation and expansion of our mobile financial services offering.
</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282"><FONT STYLE="background-color: white">The
recovery that began in June continued throughout the third quarter. Lockdowns eased in most of our markets, driving record levels
of customer additions in our prepaid mobile and residential cable businesses, and revenue increased compared to the second quarter.
These trends are encouraging; we are confident that we can achieve our revised 2020 target of generating about $1.4 billion of
OCF, and we have reduced our net debt by about $240 million since the end of March. </FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282"><FONT STYLE="background-color: white">Our
operating and financial performance still remains below pre-COVID levels, especially in postpaid mobile and B2B, and the countries
where we operate continue to face unprecedented health and macroeconomic challenges. As a result, we continue to follow a prudent
approach in our planning for the year ahead. That said, we remain bullish about the long term growth potential we see in our markets,
and we continue to invest to capture that opportunity.&quot; </FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><B>Subsequent events</B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">On October 15, 2020 Millicom
entered into a 5-year, $600 million ESG-linked revolving credit facility with a syndicate of 11 banks. This facility will be used
to refinance Millicom's existing multi-currency revolving credit facility which was to mature in 2022 and for general corporate
purposes.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">On October 27, 2020, Millicom
completed the issuance of its 4.5% $500 million senior notes due on 2031 in a private offering, following its proposed offering
announcement (dated October 19, 2020). The proceeds were used to redeem our 6.0% senior notes due 2025 (the &ldquo;2025 Notes&rdquo;)
at a redemption price equal to 103% of the principal amount, plus accrued and unpaid interest. Pursuant to the notice of the redemption
delivered of October 19, 2020, the 2025 Notes were redeemed on October 29, 2020.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><B>COVID-19 - Qualitative and quantitative assessment
on business activities, financial situation and economic performance </B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">On March 11, 2020, the World
Health Organization declared the coronavirus outbreak a pandemic. Most countries globally, including a majority of the countries
where we operate, reacted by implementing severe restrictions on travel and public gatherings, including the closing of offices,
businesses, schools, retail stores and other public venues, and by instituting curfews or quarantines. These restrictions, as well
as the dangers posed by the virus, produced a significant reduction in mobility and a severe disruption in global economic activity,
the effect of which was felt in our markets beginning in mid-March 2020.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282"><B>Impact on our markets
and business </B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">Most governments in our
markets implemented restrictions beginning in mid-March, and these were generally maintained throughout April, with some gradual
relaxation of measures beginning in late May and June. Countries continued to gradually re-open during the third quarter of 2020,
and we saw increased mobility in most of our markets. The reopening of the economies had a significant impact in our prepaid mobile
business, which began to recover in May and has continued to see gradual improvement since then. In postpaid mobile, the pace of
recovery has been much slower.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">Our residential cable business
has proven more resilient; revenue growth has decelerated but remained positive since the onset of the pandemic, and we have reconnected
many customers who had temporarily benefited from our free &quot;lifeline&quot; services. Finally, revenue from our business-to-business
&quot;B2B&quot; customers remained depressed in Q3, as many small and mid-sized businesses struggle to cope with the health and
economic crises.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282"><B>Impact on our outlook</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">Although customer acquisition
and revenue improved in Q3 relative to Q2, our operational and financial performance remain well below pre-COVID levels. Meanwhile,
elevated health and macro risks persist and continue to pressure our business, and we do not expect to fully recover pre-COVID
levels of activity in the short term. However, mobility restrictions have made our network infrastructure and our broadband services
in particular more essential than ever, and we continue to believe that the long-term opportunity we have been pursuing has been
enhanced by recent events. We are leaving unchanged our medium term goals to deliver mid-single-digit organic service revenue growth,
mid-to-high single-digit organic EBITDA growth, and around 10% OCF organic growth for the Latam segment.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282"><B>Management action </B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">Since the beginning of the
pandemic, we have implemented cost and capex reduction programs aimed at maintaining operating cash flow approximately flat year-on-year
at about $1.4 billion. We remain confident that we are on track to achieve this target.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640">&nbsp;</P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="padding-left: 50pt; background-color: rgb(0,6,64); text-align: left; width: 50%; vertical-align: middle"><P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 18pt; color: #CBF8FF"><B>Earnings Release</B></FONT></P><P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #CBF8FF"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Q3 2020</FONT></P></TD><TD STYLE="background-color: rgb(0,6,64); text-align: center; width: 50%"><IMG SRC="image_001.jpg" ALT="">&nbsp;</TD></TR></TABLE><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><B>Group Quarterly Financial Review - Q3 2020</P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="padding: 2pt; width: 46%; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: #44546A 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Income statement data (IFRS)</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="padding: 2pt; width: 9%; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q3 2020</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="padding: 2pt; width: 9%; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q3 2019</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="padding: 2pt; width: 9%; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B><I>% change</I></B></FONT></TD>
    <TD ROWSPAN="2" STYLE="padding: 2pt; width: 9%; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>9M 2020</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="padding: 2pt; width: 9%; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>9M 2019</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="padding: 2pt; width: 9%; border-left: #44546A 1pt solid; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B><I>% change</I></B></FONT></TD></TR>
<TR STYLE="background-color: #000640">
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: #44546A 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>$ millions (except EPS in $)</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Revenue</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-top: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>1,026</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-top: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>1,097</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-top: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(6.5)%</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-top: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>3,083</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-top: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>3,186</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-top: black 1pt solid; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(3.2)%</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Cost of sales</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(286)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(302)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(5.1)%</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(887)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(891)</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(0.4)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Gross profit</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>740</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>795</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(7.0)%</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>2,196</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>2,295</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(4.3)%</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Operating expenses</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(369)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(392)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(5.7)%</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(1,101)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(1,189)</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(7.5)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Depreciation</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(217)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(203)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">6.8%</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(660)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(612)</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">7.8%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Amortization</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(88)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(69)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">26.6%</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(244)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(191)</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">27.8%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Share of net profit in Guatemala and Honduras</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">22</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">46</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(52.5)%</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">101</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">137</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(26.4)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Other operating income (expenses), net</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">9</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(1)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">NM</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">31</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">7</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">NM</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Operating profit</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>97</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>176</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(45.2)%</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>323</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>446</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(27.6)%</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Net financial expenses</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(140)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(128)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">9.1%</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(448)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(392)</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">14.3%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Other non-operating income (expenses), net</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(10)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(127)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(91.9)%</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(147)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(82)</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">79.6%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Gains (losses) from other JVs and associates, net</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(17)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(107.4)%</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(31)</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(99.3)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Profit (loss) before tax</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(53)</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(96)</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(45.0)%</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(272)</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(59)</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>NM</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Net tax credit (charge)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(47)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(103.1)%</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(48)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(89)</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(46.5)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Profit (loss) for the period from continuing ops.</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(51)</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(143)</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(64.3)%</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(320)</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(148)</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>116.0%</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Non-controlling interests</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">9</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">16</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(47.7)%</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">40</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">15</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">NM</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Profit (loss) from discontinued operations</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(8)</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(4)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">86.8%</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(9)</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">60</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(115.3)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Net profit (loss) for the period</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(51)</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(131)</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(61.3)%</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(288)</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(73)</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>NM</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Weighted average shares outstanding (millions)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">101.20</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">101.15</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;%</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">101.16</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">101.13</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-bottom: #44546A 1pt solid; border-left: #44546A 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">EPS</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: #44546A 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(0.50)</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: #44546A 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(1.30)</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: #44546A 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(61.3)%</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: #44546A 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(2.85)</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: #44546A 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(0.73)</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-bottom: #44546A 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">NM</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">In Q3 2020, group revenue
decreased 6.5% ($71 million) year-on-year to $1,026 million due to the negative impact of the COVID-19 pandemic and the translation
impact of weaker currencies in Colombia and Paraguay, partially offset by increased revenue from the August 2019 acquisition of
mobile operations in Panama.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">Cost of sales declined 5.1%
year-on-year to $286 million, commensurate with the 6.5% decline in revenue and reflecting a higher proportion of low-margin equipment
sales in the revenue mix.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">Operating expenses declined
5.7% ($23 million) year-on-year to $369 million, largely reflecting reduced commercial activity, weaker foreign exchange rates,
and cost savings initiatives, partially offset by the impact of the acquired operation in Panama.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">Depreciation increased 6.8%
($14 million) year-on-year to $217 million due mostly to a $12 million adjustment, retroactive to January 2020, to useful lives
in Panama. Amortization increased 26.6% ($18 million) to $88 million in Q3 2020, due to $15 million of accelerated amortization
related to a brand in Panama which was discontinued in Q3.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>


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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 75%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="padding: 2pt; width: 42%; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Amortization Expense* ($ millions)</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 27%; border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q3 2020</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 31%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>9M 2020</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Licenses and Spectrum </FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(19)</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(48)</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Related to acquisitions</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(35)</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(114)</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Other items</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(34)</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(83)</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Total Amortization</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(88)</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(244)</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><I>*Amortization expense related to Guatemala
and Honduras was $34 million in Q3 2020 and $100 million in 9M 2020.</I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">Our share of profits in&nbsp;Guatemala
and Honduras&nbsp;was $22 million, down 52.5% ($24 million) year-on-year due mostly to one-time charges related to the proposed
redemption of the Comcel 2024 Notes in Guatemala.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">Other operating income of
$9 million in Q3 2020 increased from an expense of $1 million in Q3 2019 due primarily to the final purchase price adjustment and
an insurance reimbursement in Nicaragua. As a result of&nbsp;the above factors, operating profit&nbsp;was $97 million in Q3 2020,
down 45.2% year-on-year.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">Net financial expenses&nbsp;increased&nbsp;$12
million year-on-year to $140 million, mostly due to accrued interest related to our recent spectrum purchase in Colombia and to
lower interest income.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">Other non-operating expenses
of $10 million reflects a mark-to-market gain on our stake in Helios Towers, which was more than offset by foreign exchange losses.
This compares to expenses of $127 million in Q3 2019,&nbsp;which was affected by a $89 million reduction in equity investment value
as well as $40 million in foreign exchange losses in Q3 2019.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">Tax credit was $1 million
in&nbsp;Q3 2020, up from a charge of $47 million in Q3 2019, due to lower profitability in our operations and lower withholding
taxes, which reflects lower expected cash upstream.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">As a result of&nbsp;the
above factors, net&nbsp;loss&nbsp;from continuing operations was $51 million&nbsp;in the quarter, compared to a net loss of $143
million in&nbsp;Q3 2019. Non-controlling interests&nbsp;of $9 million in Q3 2020 compares to $16 million in Q3 2019 and reflect
our partners' share of net losses in our subsidiaries in Colombia and Panama.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">Net&nbsp;loss&nbsp;for the
period was $51 million,&nbsp;or $0.50&nbsp;per share, as compared to a net loss of $131 million ($1.30 per share) in Q3 2019.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">The weighted average number
of shares during the quarter was 101.20 million, an increase of 0.03% year-on-year related to our employee share-based compensation
plans. As of September 30, 2020, we had 101,739,217 shares outstanding, including 526,135 held in treasury.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>


<!-- Field: Page; Sequence: 7; Value: 1 -->
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    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #000640"><B>Cash Flow</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #000640"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="padding: 2pt; width: 55%; border-left: #000640 1pt solid; border-bottom: #44546A 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Cash flow data ($ millions)</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 7%; border-bottom: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q3 2020</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 7%; border-bottom: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q3 2019</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 9%; border-bottom: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B><I>% change</I></B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 7%; border-left: black 1pt solid; border-bottom: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>9M 2020</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 7%; border-bottom: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>9M 2019</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 8%; border-bottom: #44546A 1pt solid; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B><I>% change</I></B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: #000640 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Operating free cash flow*</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #000640 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>183</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #000640 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>150</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #000640 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>22.0%</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #000640 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>400</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #000640 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>252</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-left: #000640 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>58.8%</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: #000640 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Finance charges paid, net</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #000640 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(109)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #000640 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(90)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #000640 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">21.4%</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #000640 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(305)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #000640 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(245)</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-left: #000640 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">24.5%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: #000640 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Lease interest payments, net</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #000640 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(37)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #000640 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(36)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #000640 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">3.1%</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #000640 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(111)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #000640 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(103)</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-left: #000640 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">8.3%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: #000640 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Free cash flow*</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #000640 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>36</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #000640 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>24</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #000640 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>53.0%</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #000640 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(16)</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #000640 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(95)</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-left: #000640 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(83.6)%</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: #000640 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Dividends and advances from Guatemala and Honduras</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #000640 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">9</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #000640 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">76</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #000640 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(88.5)%</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #000640 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">67</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #000640 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">181</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-left: #000640 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(63.0)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: #000640 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Dividends and advances to non-controlling interests</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #000640 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(3)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #000640 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #000640 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">NM</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #000640 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(5)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #000640 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(12)</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-left: #000640 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(60.3)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-bottom: #000640 1pt solid; border-left: #000640 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Equity free cash flow*</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: #000640 1pt solid; border-left: #000640 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>42</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: #000640 1pt solid; border-left: #000640 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>100</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: #000640 1pt solid; border-left: #000640 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(57.6)%</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: #000640 1pt solid; border-left: #000640 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>46</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: #000640 1pt solid; border-left: #000640 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>73</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-bottom: #000640 1pt solid; border-left: #000640 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(36.6)%</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><I>* Non-IFRS measures. See page 20 for a description
of these measures. Please refer to page 27 of this Earnings Release or to Note 5 of our Unaudited Interim Condensed Consolidated
Financial Statements for the reconciliation of Operating free cash flow to the nearest IFRS measures. In prior years, equity free
cash flow was calculated by including the results of Guatemala and Honduras as if fully consolidated. On that same comparable basis,
equity free cash flow was $298 million in 9M 2020 and $143 million in 9M 2019.</I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray"><I>Given seasonal variations,
commentary in this section emphasizes year-to-date rather than quarterly performance.</I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">During 9M 2020, operating
free cash flow (OFCF), defined as EBITDA, less cash capex (excluding spectrum and licenses), working capital, other non-cash items
and taxes paid, was $400 million, an increase of $148 million compared to $252 million in 9M 2019. Factors that contributed to
the increase include a $87 million decrease in cash capex (excluding spectrum and licenses), a $101 million favorable movement
in working capital, and a $35 million reduction in taxes paid, partially offset by an $11 million decrease in EBITDA, which was
impacted by the pandemic. The change in working capital reflects many items, including more favorable terms from suppliers and
for value-added taxes in some countries, as well as the adverse effect of acquisitions on working capital in 2019.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">The $148 million increase
in OFCF in 9M 2020 was partially offset by a $60 million increase in finance charges paid due to higher gross debt to fund acquisitions
and by an $8 million increase in lease interest payments related to the acquired entities. As a result, free cash flow (FCF) of
negative $16 million in 9M 2020 improved by $80 million compared to the negative $95 million of FCF reported in 9M 2019.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">Dividends and advances received
from our joint ventures in Guatemala and Honduras were $67 million, down $114 million year-on-year compared to $181 million in
9M 2019. The decline reflects our decision to prioritize the reduction of gross debt in Guatemala. Meanwhile, dividends paid to
non-controlling interests (in Colombia, Panama and Tanzania) was $5 million, down from $12 million, reflecting lower net profit
from which to pay dividends at these entities.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">As a result, Equity Free
Cash Flow (EFCF) for 9M 2020 was $46 million, as compared to $73 million in 9M 2019. For the quarter, EFCF was $42 million in Q3
2020, down from $100 million in <FONT STYLE="background-color: white">Q3 2019, with the decline entirely due to the lower d</FONT>ividends
and advances received from Guatemala and Honduras, as noted above.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="padding-left: 50pt; background-color: rgb(0,6,64); text-align: left; width: 50%; vertical-align: middle"><P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 18pt; color: #CBF8FF"><B>Earnings Release</B></FONT></P><P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #CBF8FF"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Q3 2020</FONT></P></TD><TD STYLE="background-color: rgb(0,6,64); text-align: center; width: 50%"><IMG SRC="image_001.jpg" ALT="">&nbsp;</TD></TR></TABLE><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt"></P></DIV>
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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><B>Debt</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="padding: 2pt; border-top: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Debt information </B></FONT></TD>
    <TD COLSPAN="3" STYLE="padding: 2pt; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Gross Debt</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Cash</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Net</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Leases</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding: 2pt; border-top: black 1pt solid; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Financial Obligations</B></FONT></TD></TR>
<TR STYLE="background-color: #000640">
    <TD STYLE="padding: 2pt; width: 30%; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>($ millions)</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 8%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>USD</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 8%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>LCY</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 8%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Total</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 8%; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt; width: 8%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Debt</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 8%; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt; width: 11%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Gross</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 11%; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Net*</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-left: black 1pt solid; padding: 2pt 2pt 2pt 0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Bolivia</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">309</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">309</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">47</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">262</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">40</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">349</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">302</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: black 1pt solid; padding: 2pt 2pt 2pt 0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Colombia</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">272</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">473</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">745</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">125</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">620</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">291</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1,035</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">911</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: black 1pt solid; padding: 2pt 2pt 2pt 0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Costa Rica</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">13</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">106</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">119</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">8</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">111</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">4</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">123</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">116</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: black 1pt solid; padding: 2pt 2pt 2pt 0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">El Salvador**</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">118</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">118</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">31</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">87</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">110</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">228</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">197</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: black 1pt solid; padding: 2pt 2pt 2pt 0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Panama**</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">919</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">919</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">102</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">817</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">108</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1,027</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">925</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: black 1pt solid; padding: 2pt 2pt 2pt 0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Paraguay</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">558</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">149</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">707</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">93</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">615</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">74</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">781</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">688</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: black 1pt solid; padding: 2pt 2pt 2pt 0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Nicaragua</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">9</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(9)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">130</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">130</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">120</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Latin America</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">842</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">2,074</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">2,917</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">415</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">2,502</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">758</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">3,674</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">3,259</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Africa</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">166</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">42</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">208</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">15</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">193</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">210</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">418</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">403</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Corporate</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">2,744</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">37</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">2,780</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">714</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">2,067</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">25</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">2,805</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">2,091</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Group (IFRS)</B></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>3,752</B></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>2,153</B></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>5,905</B></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>1,144</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>4,761</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>992</B></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>6,897</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>5,753</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Guatemala and Honduras</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1,013</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">291</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1,304</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">359</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">945</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">297</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1,601</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1,242</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Underlying (non-IFRS)</B></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>4,765</B></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>2,444</B></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>7,209</B></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>1,503</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>5,705</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>1,289</B></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>8,498</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>6,995</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Proportionate (non-IFRS) </FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">4,196</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1,910</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">6,105</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1,268</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">4,838</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">993</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">7,098</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">5,831</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><I>* Net Debt and Net financial obligations are
non-IFRS measures. See page 20 for a description of non-IFRS measures and for reconciliations to the nearest equivalent IFRS measures
Cash includes term deposits of $1 million as of September 30, 2020.</I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><I>** El Salvador's official unit of currency
is the&nbsp;U.S.&nbsp;dollar, while Panama uses the&nbsp;U.S. dollar&nbsp;as legal tender. Our local debt in both countries is
therefore denominated in U.S. dollars but presented as local currency (LCY) in this table. </I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray"><I>In order to provide a more
complete picture of the Group's financial situation, this section discusses gross debt, leases, cash, and net debt on an underlying
basis, a non-IFRS measure that includes Guatemala and Honduras as if fully consolidated. </I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">As of September 30, 2020,
underlying gross debt was $7,209 million, a reduction of $48 million during the quarter. Our underlying gross debt includes Guatemala
and Honduras, which had $1,304 million of gross debt as of September 30, 2020, an increase of $7 million during the quarter. Approximately
59% of underlying gross debt at September 30, 2020 was in Latam, 3% in Africa, and the remaining 39% at the corporate level. In
terms of mix, 34% was in local currency or swapped for local currency, and 77% was at fixed rates or swapped for fixed rates, while
the average effective interest rate was 5.8%, and the average maturity was 5.3 years. We continue to favor holding a majority of
our debt locally and target 40% in local currency and an average maturity greater than 5 years.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">Our underlying cash position
reached $1,503 million as of September 30, 2020, an increase of $25 million compared to $1,478 million as of June 30, 2020, and
77% of our underlying cash balance was held in U.S. dollars. As a result, our underlying net debt was $5,705 million as of September
30, 2020, a decrease of $72 million during the quarter, reflecting healthy equity free cash flow generation across the Group and
consistent with our goal to accelerate net debt reduction.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">In addition, as of September
30, 2020, we had underlying lease liabilities of $1,289 million, which represented 15% of underlying gross financial obligations.
Including these lease liabilities, underlying net financial obligations were $6,995 million as of September 30, 2020, a reduction
of $97 million during the quarter.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">Proportionate leverage<SUP>2</SUP>,
which captures our proportional ownership in each country as well as lease obligations, was 3.29x as of September 30, 2020. This
is largely unchanged from 3.24x as of June 30, 2020, as the net debt reduction largely offset the erosion in EBITDA caused by the
pandemic and weaker foreign currency exchange rates in Colombia and Paraguay. Excluding the impact of leases, proportionate leverage
would have been 3.16<SUP>3</SUP>.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">On September 28, 2020, our
Guatemala joint venture communicated its intent to redeem its $800 million Notes and to prepay the outstanding principal amount
in full on November 18, 2020. Guatemala will fund this prepayment with a mix of cash, new local currency bank loans totaling approximately
$284 million, and shareholder loans. On October 27, 2020, Millicom completed the issuance of its 4.5% $500 million senior notes
due on 2031, the proceeds of which were used to redeem our 6.0% Notes due 2025. Finally, on October 29, 2020, we announced the
planned prepayment of a $300 million bank facility that is due in 2024. The prepayment will be funded with cash. As a result of
these transactions, both underlying gross debt and underlying cash are expected to decline meaningfully in Q4 2020. Proforma for
these pending transactions, the average maturity of our debt would increase by more than one year to 6.4 years, and the average
cost of our debt would decline to 5.7%.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><B>Operating segment performance</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray"><I>Our management determines
operating and reportable segments based on the reports that are used by the chief operating decision maker to make strategic and
operational decisions from both a business and geographic perspective. The Millicom Group&rsquo;s risks and rates of return for
its operations are predominantly affected by operating in different geographical regions. The Millicom Group has businesses in
two main regions, Latin America and Africa, which constitute our two segments.</I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray"><I>Our Latin America segment
includes the results of Guatemala and Honduras as if they were fully consolidated, as this reflects the way our management reviews
and uses internally reported information to make decisions about operating matters and to provide increased transparency to investors
on those operations. Our Africa segment does not include our joint venture in Ghana because our management does not consider it
to be a strategic part of the group.</I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray"><I>Please refer to Note 5 of
our Unaudited Interim Condensed Consolidated Financial Statements for more details on our segments.</I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray"><I>The information contained
herein can also be accessed electronically in the Financial &amp; Operating Data Excel file published at www.millicom.com/investors
alongside this earnings release.</I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #000640"><B>Segment information</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #000640">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">We manage our operations
and report our results under two segments, Latam and Africa, and we provide additional information on each of the largest countries
within our Latam segment. We allocate corporate costs to each segment based on their contribution to underlying revenue, and only
unusual costs, such as the M&amp;A-related fees remain unallocated.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>


<P STYLE="margin: 0"></P>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: gray"><B><I><SUP>2</SUP></I></B><I> Proportionate leverage
is a non-IFRS measure calculated using last twelve-month EBITDA, proforma for acquisitions and disposals. Refer to page 20 for
a description of non-IFRS measures and for reconciliations to the nearest equivalent IFRS measures.</I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: gray"><I></I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: gray"><B><I><SUP>3</SUP></I></B><I> Calculated by excluding
leases from net financial obligations and by reducing EBITDA to reflect lease repayments.</I>&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: gray"></P>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><B>Latin America segment</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #000640"><B><I>Business units</I></B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #000640">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">We discuss our Latam results
under two principal business units:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">1. Mobile, including mobile
data, mobile voice, and mobile financial services (MFS) to consumer, business and government customers;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">2. Cable and other fixed,
including broadband, Pay TV, content, and fixed voice services for residential (Home) customers, as well as voice, data and value-added
services and solutions to business and government customers.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">On occasion, we also discuss
our performance by customer type, with B2B referring to our business and government customers, while B2C includes residential and
personal consumer groups.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 9pt; text-indent: -9pt; color: #000640"><B><I>Market environment</I></B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 9pt; text-indent: -9pt; color: #000640">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">Economic activity recovered
slightly in our markets in Q3 2020 as compared to Q2 2020, as countries continued to ease the lockdowns implemented at the beginning
of the pandemic. Currencies were mostly stable in our markets during the quarter. The Colombian peso appreciated 2.6% in Q3 2020
compared to Q2 2020, but it remained 11.5% weaker year-on-year. In contrast, the Paraguayan guarani depreciated 4.2% during the
quarter, and the currency has now depreciated 10.3% year-on-year. Currencies in our other markets were largely stable in Q3 2020
and over the past year.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #000640"><B>Latam segment - Key Performance
Indicators</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #000640">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="padding: 2pt; width: 39%; border-top: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Key Performance Indicators (&lsquo;000)</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 10%; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q3 2020</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 10%; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q2 2020</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 10%; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q1 2020</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 10%; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q4 2019</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 10%; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q3 2019</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 11%; border-top: black 1pt solid; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q3 2020 vs Q3 2019</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Mobile customers</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">39,483</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">37,777</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">39,449</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">39,846</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">38,588</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">2.3%</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: black 1pt solid; padding: 2pt 2pt 2pt 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>Of which 4G customers</I></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">16,330</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">14,290</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">14,876</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">15,398</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">13,535</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">20.6%</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: black 1pt solid; padding: 2pt 2pt 2pt 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>Of which postpaid subscribers</I></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">4,773</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">4,636</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">5,078</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">5,134</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">5,018</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(4.9)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Mobile ARPU ($)</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">6.8</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">6.4</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">7.0</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">7.2</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">7.0</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(4.2)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Total homes passed</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">12,106</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">11,976</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">11,929</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">11,842</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">11,635</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">4.0%</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: black 1pt solid; padding: 2pt 2pt 2pt 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>Of which HFC homes passed</I></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">11,762</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">11,630</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">11,570</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">11,460</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">11,213</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">4.9%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">HFC customer relationships</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">3,630</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">3,484</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">3,531</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">3,456</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">3,393</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">7.0%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">HFC revenue generating units</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">7,343</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">7,056</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">7,143</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">6,948</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">6,773</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">8.4%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Home ARPU ($)</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">27.7</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">27.6</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">28.7</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">29.0</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">29.2</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(5.1)%</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">Lockdowns continued to ease
in our markets during Q3 2020, allowing us to re-open the vast majority of our stores and distribution channels for most of the
period. Moreover, increased mobility drove improved demand for our mobile service during the quarter, especially in the prepaid
segment of the market, where w<FONT STYLE="background-color: white">e added a</FONT> record 1.6 million customers and recovered
levels achieved prior to COVID-19. In postpaid, we added 138,000 subscribers in Q3, one of our strongest quarterly performances
ever, but our postpaid customer base still remains well below pre-COVID levels. We ended Q3 2020 with 39.5 million customers, an
increase of 1.7 million during the quarter, mainly from Colombia, Bolivia and Guatemala. Mobile ARPU declined 4.2% year-on-year
to $6.8, due to (1) weaker currencies in Colombia and Paraguay and, (2) the impact of COVID-19 in most markets, especially in Bolivia,
Honduras, and Panama, where the lockdowns were most severe. Excluding the impact of currencies, ARPU was down less than 1% on average.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">Our mobile financial services
(MFS) business has performed well during the pandemic. MFS customers in Latin America have grown 18% year-on-year to 4.9 million,
and revenue increased 22% year-on-year to approximately $13 million in Q3. The rapid growth of our MFS business is consistent with
the acceleration we have seen in the the adoption of digital tools year-to-date. Since Q1 2020, digital collections have increased
52% and now represent 33% of our total collections, digital prepaid reloads have grown 63%, while digital new sales have increased
84% in the last six months and represented 30% of new subscriptions during Q3.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">In Home, we continued to
expand our network and added 132,000 new HFC homes-passed in the quarter, marking a slowdown from historical levels closer to 250,000
per quarter, as we continue to focus our efforts instead on increasing the penetration rate in our existing footprint. Customer
relationships increased by 157,000 to end the quarter at 4.5 million, our largest organic quarterly increase ever, driven by robust
demand for broadband. Home ARPU decre<FONT STYLE="background-color: white">ased 5.1% year-on-year to $27.7 due entirely to the
decline in foreign exchange rates in Colombia and Paraguay, as ARPU rose in most countries in </FONT>local currency terms.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><B>Latam segment financial results</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="padding: 2pt; width: 32%; border-top: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B><I>Latam Financial Highlights*</I></B></FONT></TD>
    <TD ROWSPAN="2" STYLE="padding: 2pt; width: 13%; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q3 2020</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="padding: 2pt; width: 11%; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q3 2019</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="padding: 2pt; width: 11%; border-top: black 1pt solid; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B><I>% change</I></B></FONT></TD>
    <TD ROWSPAN="2" STYLE="padding: 2pt; width: 11%; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>9M 2020</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="padding: 2pt; width: 11%; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>9M 2019</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="padding: 2pt; width: 11%; border-top: black 1pt solid; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B><I>% change</I></B></FONT></TD></TR>
<TR STYLE="background-color: #000640">
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>($m, unless otherwise stated)</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Revenue</FONT></TD>
    <TD STYLE="padding: 2pt; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1,445</FONT></TD>
    <TD STYLE="padding: 2pt; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1,500</FONT></TD>
    <TD STYLE="padding: 2pt; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(3.7)%</FONT></TD>
    <TD STYLE="padding: 2pt; border-top: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">4,309</FONT></TD>
    <TD STYLE="padding: 2pt; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">4,387</FONT></TD>
    <TD STYLE="padding: 2pt; border-top: black 1pt solid; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(1.8)%</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: black 1pt solid; padding: 2pt 2pt 2pt 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>Organic growth</I></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(2.2)%</I></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>2.2%</I></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000040"><I>(4.4) pt</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(2.9)%</I></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>2.7%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000040"><I>(5.6) pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>Service revenue</I></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1,318</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1,383</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(4.7)%</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">3,984</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">4,072</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(2.2)%</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: black 1pt solid; padding: 2pt 2pt 2pt 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>Organic growth</I></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(3.1)%</I></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>1.0%</I></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000040"><I>(4.1) pt</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(3.3)%</I></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>2.2%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000040"><I>(5.5) pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&nbsp;&nbsp;Mobile</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">790</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">819</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(3.5)%</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">2,383</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">2,398</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(0.6)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Of which mobile data</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">445</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">428</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">3.9%</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1,323</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1,244</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">6.3%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>&nbsp;&nbsp;Cable and other fixed services</I></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">513</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">553</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(7.1)%</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1,558</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1,637</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(4.8)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">EBITDA</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">581</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">619</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(6.1)%</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1,725</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1,782</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(3.2)%</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: black 1pt solid; padding: 2pt 2pt 2pt 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>Organic growth</I></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(5.6)%</I></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>0.7%</I></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000040"><I>(6.3) pt</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(5.4)%</I></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>2.2%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000040"><I>(7.6) pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">EBITDA margin</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">40.2%</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">41.3%</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000040"><I>(1.0) pt</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">40.0%</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">40.6%</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000040"><I>(0.6) pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Capex</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">220</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">247</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(11.2)%</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">583</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">639</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(8.8)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">OCF</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">362</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">372</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(2.7)%</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1,142</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1,143</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(0.1)%</FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 2pt 2pt 2pt 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>Organic growth</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(1.0)%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>10.0%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000040"><I>(11.0) pt</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(2.7)%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>7.8%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000040"><I>(10.5) pt</I></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><I>* Service revenue, EBITDA, EBITDA margin,
Capex, OCF and organic growth are Non-IFRS measures. Capex is defined as capital expenditures excluding spectrum, license costs
and finance lease capitalizations. See page 20 for a description of non-IFRS measures and for reconciliations to the nearest equivalent
IFRS measures. 2019 EBITDA has been re-presented as a result in the change in cost allocation.</I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">In Q3 2020, revenue in our
Latam segment declined 3.7% year-on-year to $1.4 billion, while service revenue fell 4.7% to $<FONT STYLE="background-color: white">1,318
million</FONT>. This represents an increase of $48 million compared to $1,270 million in Q2 2020, as economic and business activity
gradually recovered during the third quarter. On a year-on-year basis, the decline in service revenue reflects the impact of the
pandemic and weaker FX rates, partially offset by contributions from our mobile acquisition in Panama in 2019. Adjusting for currency
and acquisitions, and including the mobile acquisition in both periods, organic service revenue growth declined 3.1% year-on-year,
a sequential improvement from the 6.8% decline reported in Q2 2020, driven mostly by improved performance in our prepaid mobile
business.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">By country, organic service
revenue growth for the quarter was negative in every country except Guatemala, where service revenue grew 3.9%. The most affected
countries were Bolivia (-10.6%), Panama (-9.4%) and Honduras (-6.0%), correlated to the severity of the health crisis and related
lockdowns, while Colombia (-0.2%), and El Salvador <FONT STYLE="background-color: white">(-2.6%) p</FONT>erformed relatively better.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282"><FONT STYLE="background-color: white">By
business unit, organic service revenue growth in Mobile B2C declined 3.8% (4.3% organically) year-on-year, an improvement from
the 11.0% organic drop reported in Q2 2020, as prepaid improved along with the gradual easing of the lockdowns in most of our markets.
Cable revenue declined 7.1% (2.0% organically), reflecting a high single-digit organic decline in fixed B2B services, partially
offset by 1.2% organic growth in our Home business. Revenue from telephone and equipment sales declined 8.2% year-on-year to $126
million, as customers continued to delay handset replacements. </FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">EBITDA for our Latam segment
was $581 million in Q3 2020, representing a decline of 6.1% year-on-year, but an increase of 6.8% or $37 million as compared to
Q2 2020, as activity levels gradually recovered. On an organic basis, EBITDA declined 5.6%, as cost savings partially offset the
lower revenue. Guatemala and Colombia reported positive organic EBITDA growth, while Honduras and Panama suffered the most, by
far, with EBITDA down 15.7% and 15.6%, respectively, year-on-year in the quarter.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282"><FONT STYLE="background-color: white">Capex
in Latin America was $220 million in the quarter. In mobile, we added more than 600 points of presence to our 4G network, as we
continued to roll out infrastructure to take advantage of newly-acquired 700 MHz spectrum in Colombia and AWS spectrum in El Salvador.
We ended the quarter with more than 13,800 points of presence, implying an increase of 14% year-on-year, excluding the effect of
acquisitions. At the end of Q3 2020, our 4G networks covered approximately 73% of the population (approximately 120 million in
our markets), up from 68% at Q3 2019, and we have continued to invest to support our strategic mobile network investment projects
in Colombia, El Salvador, Nicaragua, and Panama. </FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282"><FONT STYLE="background-color: white">OCF,
measured as EBITDA minus Capex, decreased 2.7% year-on-year to $362 million in Q3 2020. On an organic basis, OCF declined 1.0%.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><B>Latam segment performance by country - Q3
2020 </B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-top: black 1pt solid; border-left: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="padding: 2pt; border-top: black 1pt solid; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q3 2020</B></FONT></TD>
    <TD COLSPAN="4" STYLE="padding: 2pt; border-top: black 1pt solid; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>9M 2020</B></FONT></TD></TR>
<TR STYLE="background-color: #000640">
    <TD STYLE="padding: 2pt; width: 20%; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>$ millions</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 10%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Revenue</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 10%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Service Revenue</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 10%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>EBITDA</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 10%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>EBITDA Margin</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 10%; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Revenue</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 10%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Service Revenue</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 10%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>EBITDA</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 10%; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>EBITDA Margin</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Bolivia</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">143</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">141</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">57</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">39.5%</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">433</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">427</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">159</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">36.7%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Colombia</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">332</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">311</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">111</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">33.6%</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">990</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">931</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">340</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">34.3%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">El Salvador</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">96</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">84</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">32</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">33.4%</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">279</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">253</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">93</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">33.2%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Guatemala</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">380</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">314</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">191</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">50.3%</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1,105</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">938</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">568</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">51.4%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Honduras</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">137</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">128</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">61</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">44.1%</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">402</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">380</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">179</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">44.6%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Panama</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">144</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">139</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">63</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">43.7%</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">435</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">422</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">192</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">44.2%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Paraguay</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">132</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">124</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">62</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">47.1%</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">409</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">385</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">189</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">46.3%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Others*</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">81</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">78</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">4</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">n/a</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">256</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">247</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">5</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">n/a</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Latam Segment</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>1,445</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>1,318</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>581</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>40.2%</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>4,309</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>3,984</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>1,725</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>40.0%</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><I>* &lsquo;Others&rsquo; includes Costa Rica,
Nicaragua, inter-company eliminations, and regional costs.</I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640">&nbsp;</P>


<!-- Field: Page; Sequence: 14; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; color: #808285"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->12<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="padding-left: 50pt; background-color: rgb(0,6,64); text-align: left; width: 50%; vertical-align: middle"><P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 18pt; color: #CBF8FF"><B>Earnings Release</B></FONT></P><P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #CBF8FF"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Q3 2020</FONT></P></TD><TD STYLE="background-color: rgb(0,6,64); text-align: center; width: 50%"><IMG SRC="image_001.jpg" ALT="">&nbsp;</TD></TR></TABLE><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><B>SOUTH AMERICA</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><B>Colombia</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="padding: 2pt; vertical-align: bottom; width: 38%; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid">&nbsp;</TD>
    <TD STYLE="padding: 2pt; width: 10%; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q3 2020</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 11%; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q3 2019</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 10%; border-top: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B><I>% change</I></B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 10%; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>9M 2020</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 10%; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>9M 2019</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 11%; border-top: black 1pt solid; border-right: #44546A 1pt solid; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B><I>% change</I></B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Mobile customers ('000)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">9,147</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">8,915</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">2.6%</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">9,147</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">8,915</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">2.6%</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: black 1pt solid; padding: 2pt 2pt 2pt 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Of which, 4G customers ('000)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">3,468</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">3,053</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">13.6%</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">3,468</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">3,053</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">13.6%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Home customer relationships* ('000)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1,731</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1,711</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1.2%</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1,731</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1,711</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1.2%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">HFC customer relationships ('000)</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1,449</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1,342</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">7.9%</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1,449</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1,342</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">7.9%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Revenue ($ millions)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">332</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">375</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(11.4)%</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">990</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1,144</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(13.4)%</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: black 1pt solid; padding: 2pt 2pt 2pt 0.25in; vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>Organic growth</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(0.3)%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>1.8%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(2.1) pt</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(1.2)%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>1.7%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(2.9) pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Service revenue ($ millions)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">311</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">351</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(11.4)%</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">931</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1,074</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(13.3)%</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: black 1pt solid; padding: 2pt 2pt 2pt 0.25in; vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>Organic growth</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(0.2)%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>1.7%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(1.9) pt</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(1.0)%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>1.7%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(2.7) pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">EBITDA ($ millions)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">111</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">122</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(8.9)%</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">340</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">380</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(10.6)%</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: black 1pt solid; padding: 2pt 2pt 2pt 0.25in; vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>Organic growth</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>2.6%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(2.2)%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>4.8 pt</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>2.3%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>1.9%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>0.4 pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">EBITDA margin</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">33.6%</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">32.7%</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">0.9 pt</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">34.3%</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">33.2%</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1.1 pt</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><I>* Home Customer Relationships includes (1)
HFC (2) DTH (3) Others.</I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282"><FONT STYLE="background-color: white">The
lockdown in Colombia continued during most of the third quarter and ended on September 1, although restrictions on large gatherings
remained in effect throughout the quarter. During Q3 2020, demand for our Home services was strong; we added 58,000 HFC customer
relationships in the quarter, growing our HFC customer base above pre-COVID levels and by 7.9% year-on-year. Year-to-date, we have
added 82,000 HFC customer relationships, even though we have added only 62,000 homes passed to our HFC network, as we have focus
our sales efforts on increasing penetration of our existing footprint.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282"><FONT STYLE="background-color: white">In
Mobile, net subscriber additions of 444,000 reflected a healthy rebound from net subscriber losses recorded in the previous two
quarters. As a result, our mobile customer base increased 2.6% year-on-year. During the quarter, we have continued to invest to
expand our mobile network and utilize the recently-acquired 700 MHz spectrum, where we have upgraded 1,070 sites and expanded our
coverage by 22%. </FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282"><FONT STYLE="background-color: white">Service
revenue declined 11.4% during the quarter, impacted by the 11.5% depreciation of the Colombian peso. Excluding this currency effect,
organic service revenue was essentially flat, as mid single-digit growth in Home business was offset by declines in our Mobile
and B2B businesses. The decline in mobile reflects the ongoing impact of the pandemic, as well as lower wholesale revenue resulting
from the disconnection of a large customer during Q3 2019. Excluding revenue from this wholesale customer, mobile service revenue
would have grown</FONT> less than 1%.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282"><FONT STYLE="background-color: white">EBITDA
decreased 8.9% in U.S. dollar terms and increased 2.6% organically to $111 million. The increase in organic EBITDA reflects a $5
million one-off related to bad debt associated to a wholesale contract in Q3 2019. Excluding this item, organic EBITDA growth would
have been negative 1.4%. EBITDA margin improved 0.9 percentage point to 33.6% in Q3 2020 compared to 32.7% in Q3 2019. </FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="padding-left: 50pt; background-color: rgb(0,6,64); text-align: left; width: 50%; vertical-align: middle"><P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 18pt; color: #CBF8FF"><B>Earnings Release</B></FONT></P><P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #CBF8FF"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Q3 2020</FONT></P></TD><TD STYLE="background-color: rgb(0,6,64); text-align: center; width: 50%"><IMG SRC="image_001.jpg" ALT="">&nbsp;</TD></TR></TABLE><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt"></P></DIV>
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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #000640"><B>Paraguay</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #000640">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="padding: 2pt; vertical-align: bottom; width: 40%; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid">&nbsp;</TD>
    <TD STYLE="padding: 2pt; width: 10%; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q3 2020</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 10%; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q3 2019</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 10%; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B><I>% change</I></B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 10%; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>9M 2020</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 10%; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>9M 2019</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 10%; border-top: black 2.25pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B><I>% change</I></B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Mobile customers ('000)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">3,599</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">3,343</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">7.7%</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">3,599</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">3,343</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">7.7%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Home customer relationships* ('000)</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">446</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">436</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">2.2%</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">446</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">436</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">2.2%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Revenue ($ millions)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">132</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">155</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(14.9)%</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">409</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">460</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(11.1)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>Organic growth</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(4.6)%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(2.9)%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(1.7) pt</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(3.7)%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(2.9)%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(0.7) pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Service revenue ($ millions)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">124</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">146</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(15.2)%</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">385</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">434</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(11.2)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>Organic growth</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(5.0)%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(1.9)%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(3.1) pt</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(3.9)%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(1.1)%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(2.8) pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">EBITDA ($ millions)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">62</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">76</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(18.6)%</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">189</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">222</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(14.5)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>Organic growth</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(8.7)%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(4.7)%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(4.0) pt</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(7.4)%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(6.9)%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(0.5) pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">EBITDA margin %</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">47.1%</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">49.2%</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(2.1) pt</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">46.3%</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">48.2%</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(1.9) pt</I></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><I>* Home Customer Relationships includes (1)
HFC (2) DTH (3) Others.</I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282"><FONT STYLE="background-color: white">Paraguay
continued with its phased opening process during Q3 2020, although major cities such as Asuncion maintained more stringent restrictions
than the rest of the country. During Q3 2020, we added 197,000 mobile customers to end Q3 2020 with 3.6 million, an increase of
7.7% year-on-year. In Home, we added 35,000 customer relationships in the quarter, recovering slightly more than the 32,000 we
had lost in Q2, due to increased demand for both broadband and Pay TV, as live national soccer league matches returned to our Tigo
Sports channel.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282"><FONT STYLE="background-color: white">Service
revenue declined 15.2% year-on-year, impacted by the 10.3% depreciation of the Paraguayan guarani. On an organic basis, service
revenue declined 5.0%, largely due to a prior year favorable one off of $5 million in respect of a revenue accrual in Q3 2019.
Excluding this impact, service revenue would have declined low single digits on an organic basis. </FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282"><FONT STYLE="background-color: white">EBITDA
decreased 18.6% in dollar terms and 8.7% organically in the quarter, impacted by $4 million favorable adjustments in Q3 2019. Excluding
this impact EBITDA would have declined 2.9% on an organic basis, commensurate with the revenue decline.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>


<!-- Field: Page; Sequence: 16; Value: 1 -->
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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="padding-left: 50pt; background-color: rgb(0,6,64); text-align: left; width: 50%; vertical-align: middle"><P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 18pt; color: #CBF8FF"><B>Earnings Release</B></FONT></P><P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #CBF8FF"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Q3 2020</FONT></P></TD><TD STYLE="background-color: rgb(0,6,64); text-align: center; width: 50%"><IMG SRC="image_001.jpg" ALT="">&nbsp;</TD></TR></TABLE><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt"></P></DIV>
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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #000640"><B>Bolivia</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #000640">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="padding: 2pt; vertical-align: bottom; width: 35%; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid">&nbsp;</TD>
    <TD STYLE="padding: 2pt; width: 11%; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q3 2020</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 11%; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q3 2019</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 10%; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B><I>% change</I></B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 11%; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>9M 2020</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 11%; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>9M 2019</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 11%; border-top: black 1pt solid; border-right: #44546A 1pt solid; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B><I>% change</I></B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Mobile customers (&lsquo;000)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">3,713</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">3,638</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">2.1%</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">3,713</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">3,638</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">2.1%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Home customer relationships* (&lsquo;000)</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">532</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">494</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">7.6%</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">532</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">494</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">7.6%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Revenue ($ millions)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">143</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">161</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(11.2)%</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">433</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">480</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(9.9)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>Organic growth</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(11.2)%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>1.3%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(12.5) pt</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(9.9)%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>5.8%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(15.7) pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Service revenue ($ millions)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">141</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">158</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(10.6)%</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">427</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">468</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(8.8)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>Organic growth</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(10.6)%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>1.9%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(12.5) pt</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(8.8)%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>6.2%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(15.0) pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">EBITDA ($ millions)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">57</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">64</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(11.6)%</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">159</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">192</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(17.1)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>Organic growth</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(11.6)%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>1.3%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(12.9) pt</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(17.1)%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>8.5%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(25.6) pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">EBITDA margin %</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">39.5%</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">39.7%</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(0.2) pt</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">36.7%</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">39.9%</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(3.2) pt</I></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><I>* Home Customer Relationships includes (1)
HFC (2) DTH (3) Others.</I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282"><FONT STYLE="background-color: white">During
Q3 2020 Bolivia continued to relax their strict quarantine measures across the country, although major cities, including La Paz,
maintained restrictions throughout most of Q3, and only began to allow weekend activities in mid-September. </FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282"><FONT STYLE="background-color: white">During
the quarter, our prepaid business began to show signs of recovery, which helped drive Mobile customer net additions of 342,000,
recovering a majority of the 409,000 mobile customers that were lost in Q2. Similarly in Home, we added 37,000 customer relationships
in the quarter, largely offsetting the 40,000 that were lost in Q2, and we ended Q3 with 532,000 customers, up 7.6% year-on-year.
</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282"><FONT STYLE="background-color: white">Service
revenue declined 10.6% year-on-year in the quarter, as continued growth in Cable was insufficient to offset a double-digit drop
in Mobile reflecting increased pricing pressure in the market. As a result of the lower revenue, EBITDA declined 11.6% year-on-year,
and the margin decreased 0.2 percentage points to 39.5% in Q3 2020 from 39.7% in Q3 2019.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><B>CENTRAL AMERICA</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><B>Guatemala</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="padding: 2pt; vertical-align: bottom; width: 37%; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid">&nbsp;</TD>
    <TD STYLE="padding: 2pt; width: 9%; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q3 2020</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 10%; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q3 2019</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 11%; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B><I>% change</I></B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 11%; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>9M 2020</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 11%; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>9M 2019</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 11%; border-top: black 1pt solid; border-right: #44546A 1pt solid; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B><I>% change</I></B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Mobile customers ('000)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">10,904</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">10,648</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">2.4%</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">10,904</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">10,648</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">2.4%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Home customer relationships* ('000)</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">586</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">509</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">15.2%</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">586</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">509</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">15.2%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Revenue ($ millions)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">380</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">359</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">5.8%</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1,105</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1,057</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">4.6%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>&nbsp;&nbsp;Organic growth</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>6.3%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>7.3%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(1.0) pt</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>4.6%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>7.6%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(3.0) pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Service revenue ($ millions)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">314</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">304</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">3.5%</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">938</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">917</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">2.4%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>&nbsp;&nbsp;Organic growth</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>3.9%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>3.2%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>0.7 pt</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>2.3%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>5.9%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(3.6) pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">EBITDA ($ millions)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">191</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">186</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">2.8%</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">568</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">563</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">0.8%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>&nbsp;&nbsp;Organic growth</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>3.2%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>4.0%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(0.8) pt</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>0.8%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>6.1%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(5.3) pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">EBITDA margin %</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">50.3%</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">51.8%</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(1.5) pt</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">51.4%</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">53.3%</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(1.9) pt</I></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><I>* Home Customer Relationships includes (1)
HFC (2) DTH (3) Others.</I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640">&nbsp;</P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282"><FONT STYLE="background-color: white">Guatemala
began to lift restrictions in the country related to COVID-19 in late July, although a curfew remained in effect in many municipalities
around the country. Overall during Q3 2020, restrictions on mobility were less severe in Guatemala than in our other markets. Our
mobile customer base increased by 328,000 in Q3, improving significantly after two consecutive quarters of declines. </FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282"><FONT STYLE="background-color: white">Meanwhile,
demand for our residential cable services has remained very strong. We added 36,000 customer relationships during the quarter,
our highest quarterly net addition performance since 2018. We ended Q3 2020 with 586,000 customer relationships, an increase of
15.2% year-on-year. </FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282"><FONT STYLE="background-color: white">Improved
performance in prepaid Mobile and continued strength in Home led to service revenue growth of 3.5% year-on-year. EBITDA increased
2.8% year-on-year, roughly in line with service revenue growth, and the margin remained very healthy at 50.3%.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #000640"><B>Honduras</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #000640"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="padding: 2pt; vertical-align: bottom; width: 35%; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid">&nbsp;</TD>
    <TD STYLE="padding: 2pt; width: 11%; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q3 2020</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 10%; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q3 2019</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 11%; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B><I>% change</I></B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 11%; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>9M 2020</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 11%; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>9M 2019</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 11%; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B><I>% change</I></B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Mobile customers ('000)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">4,353</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">4,529</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(3.9)%</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">4,353</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">4,529</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(3.9)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Home customer relationships* ('000)</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">174</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">172</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1.4%</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">174</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">172</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1.4%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Revenue ($ millions)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">137</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">147</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(6.3)%</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">402</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">442</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(8.9)%</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: black 1pt solid; padding: 2pt 2pt 2pt 0.125in; vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>&nbsp;&nbsp;Organic growth</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(6.2)%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>4.0%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(10.2) pt</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(8.1)%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>4.5%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(12.6) pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Service revenue ($ millions)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">128</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">136</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(6.1)%</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">380</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">411</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(7.7)%</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: black 1pt solid; padding: 2pt 2pt 2pt 0.125in; vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>&nbsp;&nbsp;Organic growth</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(6.0)%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>2.0%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(8.0) pt</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(6.9)%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>2.5%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(9.4) pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">EBITDA ($ millions)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">61</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">72</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(15.8)%</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">179</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">208</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(13.8)%</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: black 1pt solid; padding: 2pt 2pt 2pt 0.125in; vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>&nbsp;&nbsp;Organic growth</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(15.7)%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(1.9)%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(13.8) pt</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(13.0)%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>4.5%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(17.5) pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">EBITDA margin %</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">44.1%</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">49.1%</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(5.0) pt</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">44.6%</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">47.1%</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(2.5) pt</I></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><I>* Home Customer Relationships includes (1)
HFC (2) DTH (3) Others.</I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282"><FONT STYLE="background-color: white">Honduras
began to lift COVID-19 related restrictions during Q3 2020, allowing transit on weekends beginning in late August, while a curfew
remained in effect through September. The strict lockdown conditions in Honduras have limited the pace of recovery in our mobile
business; we added 74,000 mobile customers during the quarter, which compares to the 309,000 customer losses in Q2. Consequently,
we ended the quarter with 4.4 million mobile customers, a decline of 3.9% year-on-year. Our Home business rebounded more rapidly,
as we added 9,000 customer relationships in the quarter, roughly offsetting the loss of 11,000 customers experienced in Q2. </FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282"><FONT STYLE="background-color: white">Service
revenue decreased 6.1% year-on-year, reflecting a 0.1% depreciation of the Honduran lempira and an organic decline of 6.0%, a significant
improvement from the 12.4% drop reported in Q2. The lower revenue caused EBITDA to decrease 15.8% year-on-year, and 15.7% organically,
and the EBITDA margin declined 5.0 percentage points to 44.1%, compared to the very robust EBITDA margin of 49.1% reported in Q3
2019.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #000640"><B>Panama</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #000640">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="padding: 2pt; vertical-align: bottom; width: 36%; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid">&nbsp;</TD>
    <TD STYLE="padding: 2pt; width: 10%; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q3 2020</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 11%; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q3 2019</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 11%; border-top: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>% change</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 10%; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>9M 2020</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 11%; border-top: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>9M 2019</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 11%; border-top: black 1pt solid; border-right: #44546A 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>% change</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Mobile customers ('000)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1,838</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1,744</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">5.4%</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1,838</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1,744</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">5.4%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Home customer relationships* ('000)</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">453</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">442</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">2.4%</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">453</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">442</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">2.4%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Revenue ($ millions)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">144</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">116</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">23.8%</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">435</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">315</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">n/a</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: black 1pt solid; padding: 2pt 2pt 2pt 0.125in; vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>&nbsp;&nbsp;Organic growth</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(8.5)%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(2.9)%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(5.6) pt</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(9.3)%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>0.2%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>n/a</I></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Service revenue ($ millions)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">139</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">115</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">20.9%</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">422</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">314</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">n/a</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: black 1pt solid; padding: 2pt 2pt 2pt 0.125in; vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>&nbsp;&nbsp;Organic growth</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(9.4)%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(2.9)%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(6.5) pt</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(9.0)%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>0.2%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>n/a</I></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">EBITDA ($ millions)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">63</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">59</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">7.3%</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">192</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">150</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">n/a</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: black 1pt solid; padding: 2pt 2pt 2pt 0.125in; vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>&nbsp;&nbsp;Organic growth</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(15.6)%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>5.0%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(20.6) pt</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(10.1)%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>5.7%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>n/a</I></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">EBITDA margin %</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">43.7%</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">50.5%</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(6.7) pt</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">44.2%</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">47.6%</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(3.4) pt</I></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><I>* Home Customer Relationships includes (1)
HFC (2) DTH (3) Others. ** Q3 2020 organic growth rates pertain to both the fixed and mobile operations and are calculated using
the 2019 financials of Telefonica Moviles Panama S.A., which was acquired in August 2019. Q3 2019 organic growth rates are calculated
using the 2018 financials as reported by Cable Onda to the Panama Stock Exchange.</I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282"><FONT STYLE="background-color: white">In
Panama, the COVID-19 infection rate remained among the highest in the world on a per capita basis. As a result, the government
has had to maintain strict mobility restrictions throughout the third quarter. The economic impact of the restrictions has been
severe, as unemployment reached 25% during Q3 2020, and many economists expect GDP to contract by more than 10% in 2020. </FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282"><FONT STYLE="background-color: white">Despite
these external challenges, we experienced robust customer growth during our Q3. In Mobile, net additions were 163,000, more than
offsetting the loss of 100,000 customers reported in Q2, even as we re-branded the mobile business to our flagship Tigo brand.
Additionally, we have continued to invest in modernizing our network, and we have upgraded 800 sites since our acquisition one
year ago. In Home, we added 14,000 customer relationships, a quarterly record, while ARPU improved sequentially relative to Q2.
Demand for residential broadband was particularly robust, and we added three times more customers in Q3 than in the full year 2019,
taking our customer base 12% higher year-on-year. </FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282"><FONT STYLE="background-color: white">Service
Revenue in Q3 2020 was $139 million, up from $115 million in Q3 2019 due to the acquisition of our mobile business in August 2019.
On an organic basis, service revenue decreased 9.4% year-on-year, an improvement from the 12.1% decline reported in Q2, as a Mobile
and Home performed sequentially better, while B2B remained weak. </FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282"><FONT STYLE="background-color: white">EBITDA
was $63 million, up from $59 million in Q3 2019 due to contribution from our acquired mobile business. On an organic basis, EBITDA
declined 15.6% year-on-year due mostly to the lower revenue, and the EBITDA margin decreased 6.7 percentage points year-on-year
to reach 43.7%. Although EBITDA has declined organically amidst the pandemic, the business has proven resilient, generating operating
cash flow of $160 million in the last twelve months, even as we continue to execute on our integration plans.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #000640"><B>El Salvador </B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #000640">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="padding: 2pt; vertical-align: bottom; width: 40%; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid">&nbsp;</TD>
    <TD STYLE="padding: 2pt; width: 10%; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q3 2020</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 10%; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q3 2019</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 10%; border-top: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B><I>% change</I></B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 10%; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>9M 2020</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 10%; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>9M 2019</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 10%; border-top: black 1pt solid; border-right: #44546A 1pt solid; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B><I>% change</I></B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Mobile customers ('000)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">2,533</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">2,475</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">2.3%</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">2,533</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">2,475</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">2.3%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Home customer relationships* ('000)</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">269</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">273</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(1.7)%</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">269</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">273</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(1.7)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Revenue ($ millions)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">96</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">95</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">0.2%</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">279</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">288</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(3.1)%</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: black 1pt solid; padding: 2pt 2pt 2pt 0.25in; vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>Organic growth</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>0.2%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(2.6)%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>2.8 pt</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(3.1)%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(5.2)%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>2.1 pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Service revenue</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">84</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">86</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(2.6)%</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">253</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">261</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(3.2)%</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: black 1pt solid; padding: 2pt 2pt 2pt 0.25in; vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>Organic growth</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(2.6)%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(4.9)%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>2.3 pt</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(3.2)%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(6.7)%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>3.5 pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">EBITDA ($ millions)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">32</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">35</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(9.1)%</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">93</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">100</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(7.4)%</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: black 1pt solid; padding: 2pt 2pt 2pt 0.25in; text-align: left; vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>Organic growth</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(9.1)%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>8.2%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(17.3) pt</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(6.5)%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(7.4)%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>0.9 pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">EBITDA margin %</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">33.4%</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">36.8%</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(3.4) pt</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">33.2%</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">34.8%</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(1.5) pt</I></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><I>* Home Customer Relationships includes (1)
HFC (2) DTH (3) Others.</I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282"><FONT STYLE="background-color: white">El
Salvador began slowly loosening restrictions related to COVID-19 in July and fully reopened the economy at the end of August. As
the lockdown eased, our prepaid business began to recover, and we added 117,000 customers during the quarter, offsetting the 113,000
decline in Q2. During the quarter, we have continued to invest in expanding our network, and we have upgraded 800 sites in order
to leverage our newly-acquired spectrum.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282"><FONT STYLE="background-color: white">In
Home, customer relationships decreased by 19,000,</FONT> as we introduced our lifeline service only on July 1, and we have yet
to re-connect enough of the customers still on this temporary service, which provides them with basic connectivity during the pandemic,
free of charge.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282"><FONT STYLE="background-color: white">Service
revenue of $84 million decreased 2.6% year-on-year, a notable improvement from a decline of 6.1% in Q2. EBITDA improved to $32
million from $25 million in Q2 but remained down 9.1% year-on-year, due to the lower revenue, higher service provider fees and
municipality taxes. The EBITDA margin declined 3.4 percentage points to 33.4%, due to the reduced revenue.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #000640"><B>Nicaragua &amp; Costa
Rica</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #000640">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="padding: 2pt; vertical-align: bottom; width: 28%; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid">&nbsp;</TD>
    <TD STYLE="padding: 2pt; width: 12%; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q3 2020</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 12%; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q3 2019</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 12%; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>% change</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 12%; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>9M 2020</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 12%; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>9M 2019</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 12%; border-top: black 1pt solid; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>% change</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Mobile customers ('000)</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">3,396</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">3,297</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">3.0%</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">3,396</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">3,297</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">3.0%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Revenue ($ millions)</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">86</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">96</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(10.6)%</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">271</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">215</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">26.1%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Service revenue ($ millions)</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">83</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">92</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(10.1)%</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">262</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">207</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">26.8%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">EBITDA ($ millions)</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">31</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">39</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(20.0)%</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">95</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">81</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">17.0%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">EBITDA margin %</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">36.7%</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">41.0%</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>-4.3 pt</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">35.2%</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">37.9%</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(2.7)pt</I></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282"><FONT STYLE="background-color: white">In
Nicaragua, the government has not implemented any measures aimed at restricting mobility, but we have nonetheless observed a reduction
in both mobility and business activity since March, and only a modest improvement from Q2 to Q3, as we added 42,000 mobile customers
in Q3, which compares to the 102,000 that we lost in Q2. In Home, we continued to add customers in Q3 2020, and our customer base
and revenue continue to grow rapidly from a small base. We have continued to invest in modernizing our mobile network, and we have
upgraded more than 1,100 sites since our acquisition just over one year ago.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="padding-left: 50pt; background-color: rgb(0,6,64); text-align: left; width: 50%; vertical-align: middle"><P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 18pt; color: #CBF8FF"><B>Earnings Release</B></FONT></P><P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #CBF8FF"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Q3 2020</FONT></P></TD><TD STYLE="background-color: rgb(0,6,64); text-align: center; width: 50%"><IMG SRC="image_001.jpg" ALT="">&nbsp;</TD></TR></TABLE><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282"><FONT STYLE="background-color: white">In
Costa Rica, the government implemented a controlled reopening beginning in early September, maintaining restrictions on large gatherings
at commercial venues. Contrary to trends seen in our other markets, service revenue weakened in Costa Rica during the third quarter,
as a result of customer losses that occurred in the first half of the year, due to the cancellation of live soccer matches due
to the pandemic and to the creation of a competing soccer channel, which has dampened demand for our Pay TV services. However,
during the third quarter, we reached an agreement to create a new non-exclusive soccer channel, coinciding with the resumption
of national soccer league play during the quarter. As a result, subscriber trends improved during Q3, but this was insufficient
to offset customer losses incurred during the first half of the year. </FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #000640"><B>Africa segment - Key
Performance Indicators</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #000640"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 75%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="padding: 2pt; width: 46%; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Key Performance Indicators (&lsquo;000)</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 18%; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q3 2020</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 18%; border-top: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q3 2019</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 18%; border-top: black 1pt solid; border-right: #44546A 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q3 2020 vs Q3 19</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Mobile customers</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">12,427</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">12,075</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-left: black 2.25pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">2.9%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">MFS customers</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">6,727</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">6,459</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-left: black 2.25pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">4.1%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Mobile ARPU ($)</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">2.4</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">2.6</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-bottom: black 1pt solid; border-left: black 2.25pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(7.5)%</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">Our Africa segment comprises
our Tanzania operations. During Q3 2020, our mobile customer base declined by 385,000, due to disconnections stemming from the
recently-implemented biometric customer registration system. Still, our customer base has increased 2.9% year-on-year to end the
period at 12.4 million, a solid performance in light of the pandemic and the implementation of new biometric registration system
beginning in Q1 2020.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">Meanwhile, the number of
customers that used mobile financial services (MFS) increased 4.1% to 6.7 million. As of September 30, 2020, our MFS customers
represent approximately 54% of our Mobile customer base. ARPU declined 7.5%, due mostly to a reduction in regulated interconnection
rates which occurred in January 2020.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #000640"><B>Africa segment financial
results</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #000640">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray"><I>Please refer to Note 5 of
our Unaudited Interim Condensed Consolidated Financial Statements for more details on our segments.</I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="padding: 2pt; width: 34%; border-top: black 1pt solid; border-right: #44546A 1pt solid; border-bottom: black 1pt solid; border-left: #44546A 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Africa Financial Highlights*</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="padding: 2pt; width: 11%; border-top: black 1pt solid; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q3 2020</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="padding: 2pt; width: 11%; border-top: black 1pt solid; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q3 2019</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="padding: 2pt; width: 11%; border-top: black 1pt solid; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B><I>% change</I></B></FONT></TD>
    <TD ROWSPAN="2" STYLE="padding: 2pt; width: 11%; border-top: black 1pt solid; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>9M 2020</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="padding: 2pt; width: 11%; border-top: black 1pt solid; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>9M 2019</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="padding: 2pt; width: 11%; border-top: black 1pt solid; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B><I>% change</I></B></FONT></TD></TR>
<TR STYLE="background-color: #000640">
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>($m, unless otherwise stated)</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Revenue</FONT></TD>
    <TD STYLE="padding: 2pt; border-top: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">94</FONT></TD>
    <TD STYLE="padding: 2pt; border-top: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">98</FONT></TD>
    <TD STYLE="padding: 2pt; border-top: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(4.5)%</FONT></TD>
    <TD STYLE="padding: 2pt; border-top: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">269</FONT></TD>
    <TD STYLE="padding: 2pt; border-top: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">284</FONT></TD>
    <TD STYLE="padding: 2pt; border-top: black 1pt solid; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(5.2)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Service revenue</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">94</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">98</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(4.5)%</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">269</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">284</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(5.1)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">EBITDA</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">32</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">39</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(16.7)%</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">91</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">84</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">8.6%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">EBITDA margin %</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">34.4%</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">39.4%</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(5.0) pt</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">33.7%</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">29.5%</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>4.3 pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Capex</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">11</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">7</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">55.7%</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">28</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">22</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #44546A 1pt solid; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">31.0%</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><I>* Service revenue, EBITDA and Capex are non-IFRS
measures. See page 20 for a description of non-IFRS measures and for reconciliations to the nearest equivalent IFRS measures. 2019
EBITDA has been re-presented as a result in the change in cost allocation. 2019 numbers have been restated to exclude Chad. </I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640">&nbsp;</P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">In Tanzania, the government
implemented mobility restrictions that were not as strict as in our other markets, these restrictions were lifted in the second
quarter, although the local economy was negatively affected during the quarter. Service revenue declined 4.5% in Q3 2020 due to
a decline in ARPU during the quarter, caused by lower levels of mobility, <FONT STYLE="background-color: white">a 50% cut to regulated
interconnection rates, and by lower data pricing due to competition. Encouragingly, service revenue of </FONT>$94 million in Q3
2020 marks a meaningful improvement compared to $86 million in Q2 and $89 million in Q1 of 2020 driven by higher MFS customers
and increased usage in Q3.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282"><FONT STYLE="background-color: white">EB</FONT>ITDA
declined 16.7% year-on-year due to the drop in revenue as well as a bad debt charge related to the B2B segment. On a sequential
basis, EBITDA improved to $32 million in Q3 2020 from $29 million in Q2 and $30 million in Q1, consistent with the improved revenue
trend seen during the third quarter. The EBITDA margin improved to 34.4% in Q3 from 33.6% in Q2 2020.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">Capex was $11 million in
the quarter and $28 million for the first nine months of the year, compared to $22 million in the first nine months of 2019.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><B>Corporate Responsibility highlights &ndash;
Q3 2020 </B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #000640"><B>Responsible Leadership
in Action: adapting our programs to the Covid-19 pandemic</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #000640"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">We continue our work with
NGO and government partners to help local communities meet the challenges and opportunities presented by COVID-19 through the digital
transformation of our flagship programs, while providing the resources that communities need during the crisis.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #000640"><B>Digital tools for teachers
and businesses </B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #000640"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">Our Maestr@s Conectad@s
(Connected Teachers) program was expanded to Guatemala, Nicaragua and Paraguay, joining Bolivia, where the program was first implemented.
The response from teachers has been very positive, with thousands enrolling in the first week of the launch. We are currently in
conversations with AHYU &ndash; the organization which trains teachers on online education &ndash; to expand the program to all
our Latam operations in 2021. We will also continue to work with Ministries of Education to ensure our actions support national
efforts to continue virtual education and prepare students and teachers for an eventual return to the classroom.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">We signed an Addendum to
our agreement with UNICEF to confirm our commitment and plan to benefit children throughout our Latam region during this crisis.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">Additionally, Tigo Business
has launched a series of webinars at no cost for SMEs across the Latam region to support them with the adoption of digital tools
for growth, efficiency and security during times of crisis. The webinars are available to our more than 300,000 B2B customers.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><B>Health, safety and environment </B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #828282">As in the previous months, Millicom&rsquo;s Executive
Team and the Health &amp; Safety function have continued working hand-in-hand with country operations to ensure the safety of our
people as well as service continuity for the communities we serve throughout the COVID-19 pandemic.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #828282">&nbsp;</P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">We continue to implement
and adapt workplace health &amp; safety measures in line with the guidelines from the World Health Organization and the U.S. Center
for Disease Control at all our critical sites and operations region-wide as the situation evolves. The vast majority of our employees
continue to work remotely from the safety of their homes.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">We began preparations in
all our countries of operation for external audits to meet re-certification of ISO Health &amp; Safety (ISO 45001) and Environmental
(ISO 14001) Standards. Due to COVID-19 and travel restrictions, these audits will be conducted virtually by a certified third party
during October/November 2020.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #000640"><B>Diversity and Inclusion</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #000640"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">We have continued making
progress on our Diversity &amp; Inclusion (D&amp;I) initiative. Between Q2 and Q3 of this year, we reached important milestones,
such as executive team approval for our D&amp;I Strategic Framework. The strategy focuses on building leadership accountability
for creating an inclusive work environment, reducing bias in internal processes, developing and advancing our talent, and increasing
affiliation of diverse employees.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">To achieve these objectives,
we are working on a change management and communication strategy aimed at raising awareness of the most common issues that are
barriers to inclusive behaviors, which included messages from our top executives at our latest CEO Townhall, a video from our COO
on the importance and value of D&amp;I, as well as in country townhalls, strategy and functional business meetings.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">Simultaneously, we have
reviewed our internal processes to reduce bias and are implementing a number of practices aimed at building more transparency and
bias-free practices in our recruiting activities, such as gender-neutral job descriptions, diverse panel of interviewers, diverse
slate of candidates, and feedback to internal candidates that have reached final stage but were not selected.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">To embed the Framework throughout
our organization, an education program is currently underway, to develop inclusive leadership behaviors with a target of 250 leaders
for 2020. We will continue to roll out the program over the next couple of years. We will provide a more detailed account of our
2020 D&amp;I journey in our 2020 Annual Report, scheduled to be published in the first quarter of 2021.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #000640"><B>Responsible supply chain
management</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #000640"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">We are currently adapting
our Supplier CR Training program to a virtual model for 2021, with the objective of reaching more suppliers and improving our selection
processes for suppliers that may present higher risks and tailoring specific trainings to those risks. This modality will enhance
our public commitment to train 100% of our supplier base with over $1M in spend by 2023.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">Our CR and Procurement teams
are currently evaluating how we integrate our suppliers&acute; CR scores into our supplier management processes to optimize the
ways in which we monitor and leverage corrective action plans for suppliers and to improve the assessment of our business partners&rsquo;
CR risk management.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><B>Compliance and anti-corruption program </B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">During Q3, the Legal and
Ethics &amp; Compliance Departments were merged to create one Legal, Ethics and Compliance function. This change allows Millicom
to continue its strong and continuous focus on compliance, while leveraging increased synergies across these functions.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">We continued our focus on
risk-based efforts, training, and communications. We also launched our annual mandatory Compliance E-Learning and Conflicts of
Interest campaigns to all Company employees and contracted staff. Full engagement of local CEOs, global heads of function, and
Millicom&rsquo;s CEO was key in obtaining high completion rates. This year, e-learning included traditional compliance topics such
as anti-corruption and gifts and hospitality, and a module on Anti-Money Laundering was added.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">As part of our Communications
strategy, we published a series of compliance key messages. This quarter, compliance explicit messaging came from our Executive
Team. Our Chief Human Resources Officer reminded all employees of the importance of our Speak Up culture, and our Chief Legal and
Compliance Officer reinforced our responsibility to avoid and disclose potential Conflicts of Interest. Other similar initiatives
included a virtual Coffee &amp; Learn session entitled &ldquo;Connections that Matter,&rdquo; which went over Ethics &amp; Compliance
communications and where to find these messages on the company intranet.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">Lastly, we started preparing
for this year&rsquo;s Corporate Compliance &amp; Ethics Week campaign, which will take place in November 2020.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #000640"><B>Conference call details</B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #000640"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">A presentation and conference
call to discuss these results will take place on October 30, 2020 at 13:00 (Stockholm) / 12:00 (London) / 08:00 (Miami). Please
dial in 5-10 minutes before the scheduled start time to register your attendance. Dial-in numbers for the call are as follows:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 25%; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: gray">Sweden:</FONT></TD>
    <TD STYLE="width: 25%; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: gray">+46 (0) 8566-19361&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="width: 25%; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: gray">Luxembourg:</FONT></TD>
    <TD STYLE="width: 25%; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: gray">+352-2786-6996</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: gray">UK:</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: gray">+44 (0) 2031-070289&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: gray">US:</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: gray">+1-914-987-7208</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">The access code is: 4064116.
A live audio stream, slides, and replay details can be accessed at www.millicom.com.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><B>Financial calendar</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><B>2021</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="padding: 2pt; width: 15%; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: #44546A 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Date</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 85%; border-top: black 1pt solid; border-right: #44546A 1pt solid; border-bottom: black 1pt solid; border-left: #44546A 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Event</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: gray">February 11</FONT></TD>
    <TD STYLE="padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: gray">Q4 2020 results and conference call</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: gray">April 29</FONT></TD>
    <TD STYLE="padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: gray">Q1 2021 results and conference call</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: gray">May 4</FONT></TD>
    <TD STYLE="padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: gray">2021 AGM</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: gray">July 29</FONT></TD>
    <TD STYLE="padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: gray">Q2 2021 results and conference call </FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: gray">October 28</FONT></TD>
    <TD STYLE="padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: gray">Q3 2021 results and conference call</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><B>For further information, please contact</B>&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Press:</B></FONT></TD>
    <TD STYLE="width: 50%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Investors:</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Vivian Kobeh, Corporate Communications Director</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Michel Morin, VP Investor Relations</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">+1 (786) 628-5300</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">+1 (786) 628-5270</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">press@millicom.com</FONT></TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">investors@millicom.com</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Sarah Inmon, Investor Relations Senior Manager</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">+1 (786) 628-5303</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">investors@millicom.com</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #000640">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #000640"><B>About Millicom</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #000640"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285">Millicom (NASDAQ U.S.: TIGO,
Nasdaq Stockholm: TIGO_SDB) is a leading provider of cable 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, 2019, Millicom operating subsidiaries and joint ventures employed more than
22,000 people and provided mobile services to approximately 52 million customers, with a cable footprint of more than 11 million
homes passed. Founded in 1992, Millicom International Cellular S.A. is headquartered in Luxembourg.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285">&nbsp;</P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="padding-left: 50pt; background-color: rgb(0,6,64); text-align: left; width: 50%; vertical-align: middle"><P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 18pt; color: #CBF8FF"><B>Earnings Release</B></FONT></P><P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #CBF8FF"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Q3 2020</FONT></P></TD><TD STYLE="background-color: rgb(0,6,64); text-align: center; width: 50%"><IMG SRC="image_001.jpg" ALT="">&nbsp;</TD></TR></TABLE><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #000640"><B>Forward-Looking Statements</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285">Statements included herein
that are not historical facts, including without limitation statements concerning future strategy, plans, objectives, expectations
and intentions, projected financial results, liquidity, growth and prospects, are forward-looking statements. Such forward-looking
statements involve a number of risks and uncertainties and are subject to change at any time. In the event such risks or uncertainties
materialize, Millicom&rsquo;s results could be materially adversely affected. In particular, there is uncertainty about the spread
of the COVID-19 virus and the impact it may have on Millicom's operations, the demand for Millicom's products and services, global
supply chains and economic activity in general. The risks and uncertainties include, but are not limited to, the following:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>global economic conditions and foreign exchange rate fluctuations as well as local economic conditions in the markets we serve;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>potential disruption due to diseases, pandemics, political events, piracy or acts by terrorists, including the impact of the
recent outbreak of the COVID-19 virus and the ongoing efforts throughout the world to contain it;&#9;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>telecommunications usage levels, including traffic and customer growth;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>competitive forces, including pricing pressures, the ability to connect to other operators&rsquo; networks and our ability
to retain market share in the face of competition from existing and new market entrants as well as industry consolidation;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>legal or regulatory developments and changes, or changes in governmental policy, including with respect to the availability
of spectrum and licenses, the level of tariffs, tax matters, the terms of interconnection, customer access and international settlement
arrangements;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>adverse legal or regulatory disputes or proceedings;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>the success of our business, operating and financing initiatives and strategies, including partnerships and capital expenditure
plans;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>the level and timing of the growth and profitability of new initiatives, start-up costs associated with entering new markets,
the successful deployment of new systems and applications to support new initiatives;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>relationships with key suppliers and costs of handsets and other equipment;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>our ability to successfully pursue acquisitions, investments or merger opportunities, integrate any acquired businesses in
a timely and cost-effective manner and achieve the expected benefits of such transactions;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>the availability, terms and use of capital, the impact of regulatory and competitive developments on capital outlays, the ability
to achieve cost savings and realize productivity improvements;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>technological development and evolving industry standards, including challenges in meeting customer demand for new technology
and the cost of upgrading existing infrastructure;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>the capacity to upstream cash generated in operations through dividends, royalties, management fees and repayment of shareholder
loans; and</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>other factors or trends affecting our financial condition or results of operations.&#9;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285">A further list and description
of risks, uncertainties and other matters can be found in Millicom&rsquo;s Registration Statement on Form 20-F, including those
risks outlined in &ldquo;Item 3. Key Information&mdash;D. Risk Factors,&rdquo; and in Millicom&rsquo;s subsequent U.S. Securities
and Exchange Commission filings, all of which are available at www.sec.gov. To the extent COVID-19 adversely affects Millicom's
business and financial results, it may also have the effect of heightening many of the risks described in its filings.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285">All forward-looking statements
attributable to us or any person acting on our behalf are expressly qualified in their entirety by this cautionary statement. Readers
are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof. Except to
the extent otherwise required by applicable law, we do not undertake any obligation to update or revise forward-looking statements,
whether as a result of new information, future events or otherwise.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285">&nbsp;</P>


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<P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #000640"><B>Non IFRS Measures</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285">This press release contains
financial measures not prepared in accordance with IFRS. These measures are referred to as &ldquo;non-IFRS&rdquo; measures and
include: non-IFRS service revenue, non-IFRS EBITDA, and non-IFRS Capex, among others defined below. Annual growth rates for these
non-IFRS measures are often expressed in organic constant currency terms to exclude the effect of changes in foreign exchange rates,
the adoption of new accounting standards such as IFRS 16, and are proforma for material changes in perimeter due to acquisitions
and divestitures. The non-IFRS financial measures are presented in this press release as Millicom&rsquo;s management believes they
provide investors with an additional information for the analysis of Millicom&rsquo;s results of operations, particularly in evaluating
performance from one period to another. Millicom&rsquo;s management uses non-IFRS financial measures to make operating decisions,
as they facilitate additional internal comparisons of Millicom&rsquo;s performance to historical results and to competitors' results,
and provides them to investors as a supplement to Millicom&rsquo;s reported results to provide additional insight into Millicom&rsquo;s
operating performance. Millicom&rsquo;s Remuneration Committee uses certain non-IFRS measures when assessing the performance and
compensation of employees, including Millicom&rsquo;s executive directors.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285">The non-IFRS financial measures
used by Millicom may be calculated differently from, and therefore may not be comparable to, similarly titled measures used by
other companies - refer to the section &ldquo;Non-IFRS Financial Measure Descriptions&rdquo; for additional information. In addition,
these non-IFRS measures should not be considered in isolation as a substitute for, or as superior to, financial measures calculated
in accordance with IFRS, and Millicom&rsquo;s financial results calculated in accordance with IFRS and reconciliations to those
financial statements should be carefully evaluated.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #000640"><B>Financial Measure Descriptions</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: #001F5F"><B>Service
revenue</B></FONT> <FONT STYLE="color: #808285">is revenue related to the provision of ongoing services such as monthly subscription
fees, airtime and data usage fees, interconnection fees, roaming fees, mobile finance service commissions and fees from other telecommunications
services such as data services, short message services and other value-added services excluding telephone and equipment sales.
</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: #001F5F"><B>EBITDA</B></FONT>
<FONT STYLE="color: #808285">is operating profit excluding impairment losses, depreciation and amortization, and gains/losses on
fixed asset disposals. </FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: #001F5F"><B>EBITDA Margin</B></FONT>
<FONT STYLE="color: #808285">represents EBITDA in relation to Revenue.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: #001F5F"><B>Proportionate
EBITDA</B></FONT> <FONT STYLE="color: #808285">is the sum of the EBITDA in every country where Millicom operates, including its
Guatemala and Honduras joint ventures, pro rata for Millicom&rsquo;s ownership stake in each country, less corporate costs that
are not allocated to any country and inter-company eliminations. </FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: #001F5F"><B>Organic
growth</B></FONT> <FONT STYLE="color: #808285">represents year-on-year growth excluding the impact of changes in FX rates, perimeter,
and accounting. Changes in perimeter are the result of acquisitions and divestitures. Results from divested assets are immediately
removed from both periods, whereas the results from acquired assets are included in both periods at the beginning (January 1) of
the first full calendar year of ownership.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: #001F5F"><B>Net debt</B></FONT>
<FONT STYLE="color: #808285">is Debt and financial liabilities less cash and pledged deposits.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: #001F5F"><B>Net financial
obligations</B></FONT> <FONT STYLE="color: #808285">is Net debt plus lease liabilities.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: #001F5F"><B>Proportionate
financial obligations</B></FONT> <FONT STYLE="color: #808285">is the sum of the net financial obligations in every country where
Millicom operates, including its Guatemala and Honduras joint ventures, pro rata for Millicom&rsquo;s ownership stake in each country.
</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: #001F5F"><B>Leverage</B></FONT>
<FONT STYLE="color: #808285">is the ratio of net financial obligations over LTM (last twelve month) EBITDA, proforma for acquisitions
made during the last twelve months.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: #001F5F"><B>Proportionate
leverage</B></FONT> <FONT STYLE="color: #808285">is the ratio of proportionate net financial obligations over LTM proportionate
EBITDA, proforma for acquisitions made during the last twelve months.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: #001F5F"><B>Capex</B></FONT>
<FONT STYLE="color: #808285">is balance sheet capital expenditure excluding spectrum and license costs and lease capitalizations.
</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: #001F5F"><B>Cash Capex</B></FONT>
<FONT STYLE="color: #808285">represents the cash spent in relation to capital expenditure, excluding spectrum and licenses costs.
</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: #001F5F"><B>Operating
Cash Flow (OCF)</B></FONT> <FONT STYLE="color: #808285">is EBITDA less Capex. </FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: #001F5F"><B>Operating
Free Cash Flow</B></FONT> <FONT STYLE="color: #808285">is OCF less changes in working capital and other non-cash items and taxes
paid. </FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: #001F5F"><B>Equity Free
Cash Flow</B></FONT> <FONT STYLE="color: #808285">is Operating Free Cash Flow less finance charges paid (net), less advances for
dividends to non-controlling interests, plus dividends received from joint ventures. </FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: #001F5F"><B>Operating
Profit After Tax</B></FONT> <FONT STYLE="color: #808285">displays the profit generated from the operations of the company after
statutory taxes. </FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: #001F5F"><B>Return on
Invested Capital (ROIC)</B></FONT> <FONT STYLE="color: #808285">is used to assess the Group&rsquo;s efficiency at allocating the
capital under its control to and is defined as Operating Profit After Tax, including Guatemala and Honduras as if fully consolidated,
divided by the average invested Capital during the period. </FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: #001F5F"><B>Average
Invested Capital</B></FONT> <FONT STYLE="color: #808285">is the capital invested in the company operation throughout the year and
is calculated with the average of opening and closing balances of the total assets minus current liabilities (excluding debt, joint
ventures, accrued interests, deferred and current tax, cash as well as investments and non-controlling interests), less assets
and liabilities held for sale.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: #001F5F"><B>Underlying</B></FONT>
<FONT STYLE="color: #808285">measures, such as</FONT> <FONT STYLE="color: #001F5F"><B>Underlying service revenue</B>, <B>Underlying
EBITDA</B>, <B>Underlying equity free cash flow</B>, <B>Underlying net debt, Underlying leverage,</B></FONT> <FONT STYLE="color: #808285">etc.,
include Guatemala and Honduras, as if fully consolidated.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: #001F5F"><B>Average
Revenue per User per Month (ARPU)</B></FONT> <FONT STYLE="color: #808285">for our Mobile customers is (x) the total mobile and
mobile financial services revenue (excluding revenue earned from tower rentals, call center, data and mobile virtual network operator,
visitor roaming, national third parties roaming and mobile telephone equipment sales revenue) for the period, divided by (y) the
average number of mobile subscribers for the period, divided by (z) the number of months in the period. We define ARPU for our
Home customers in our Latin America segment as (x) the total Home revenue (excluding equipment sales, TV advertising and equipment
rental) for the period, divided by (y) the average number of customer relationships for the period, divided by (z) the number of
months in the period. ARPU is not subject to a standard industry definition and our definition of ARPU may be different to other
industry participants.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #000640"><B><I>Please refer to our
2019 Annual Report for a complete list and description of non-IFRS measures. </I></B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #000640">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><B>Non-IFRS Reconciliations</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><B>Reconciliation from Reported Growth to Organic
Growth for the Latam segment<SUP>4</SUP></B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD ROWSPAN="2" STYLE="padding: 2pt; border-top: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Latam Segment ($ millions)</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding: 2pt; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B><U>Revenue</U></B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding: 2pt; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B><U>Service Revenue</U></B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding: 2pt; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B><U>EBITDA</U></B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding: 2pt; border-top: black 1pt solid; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B><U>OCF</U></B></FONT></TD></TR>
<TR STYLE="background-color: #000640">
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q3 2020</B></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q3 2019</B></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q3 2020</B></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q3 2019</B></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q3 2020</B></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q3 2019</B></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q3 2020</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q3 2019</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; width: 36%; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">A- Current period</FONT></TD>
    <TD STYLE="padding: 2pt; width: 8%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1,445</FONT></TD>
    <TD STYLE="padding: 2pt; width: 8%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1,500</FONT></TD>
    <TD STYLE="padding: 2pt; width: 8%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1,318</FONT></TD>
    <TD STYLE="padding: 2pt; width: 8%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1,383</FONT></TD>
    <TD STYLE="padding: 2pt; width: 8%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">581</FONT></TD>
    <TD STYLE="padding: 2pt; width: 8%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">619</FONT></TD>
    <TD STYLE="padding: 2pt; width: 8%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">362</FONT></TD>
    <TD STYLE="padding: 2pt; width: 8%; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">372</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">B- Prior year period</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1,500</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1,368</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1,383</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1,268</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">619</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">524</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">372</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">278</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">C- Reported growth (A/B)</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(3.7)%</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">9.7%</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(4.7)%</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">9.0%</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(6.1)%</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">18.0%</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(2.7)%</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">33.6%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">D- Accounting change impact</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">8.3%</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">15.7%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">E- Change in Perimeter impact</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">2.7%</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">12.7%</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">2.8%</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">13.4%</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">2.6%</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">14.1%</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">2.9%</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">16.2%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">F- FX impact</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(4.2)%</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(5.4)%</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(4.3)%</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(5.4)%</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(4.0)%</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(4.9)%</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(6.6)%</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(9.3)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">G- Other</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">0.1%</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">0.1%</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">0.9%</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(0.2)%</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">2.0%</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1.0%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">H- Organic Growth (C-D-E-F-G)</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(2.2)%</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">2.2%</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(3.1)%</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1.0%</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(5.6)%</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">0.7%</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(1.0)%</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">10.0%</FONT></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;</P>


<P STYLE="margin: 0"></P>

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<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><SUP>4</SUP> <FONT STYLE="color: gray">See
<I>Note 5 of our Unaudited Interim Condensed Consolidated Financial Statements for details on our segments.</I></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"></P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="padding-left: 50pt; background-color: rgb(0,6,64); text-align: left; width: 50%; vertical-align: middle"><P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 18pt; color: #CBF8FF"><B>Earnings Release</B></FONT></P><P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #CBF8FF"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Q3 2020</FONT></P></TD><TD STYLE="background-color: rgb(0,6,64); text-align: center; width: 50%"><IMG SRC="image_001.jpg" ALT="">&nbsp;</TD></TR></TABLE><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt"></P></DIV>
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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD ROWSPAN="2" STYLE="padding: 2pt; border-top: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Latam Segment ($ millions)</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding: 2pt; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B><U>Revenue</U></B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding: 2pt; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B><U>Service Revenue</U></B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding: 2pt; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B><U>EBITDA</U></B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding: 2pt; border-top: black 1pt solid; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B><U>OCF</U></B></FONT></TD></TR>
<TR STYLE="background-color: #000640">
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>9M 2020</B></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>9M 2019</B></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>9M 2020</B></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>9M 2019</B></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>9M 2020</B></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>9M 2019</B></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>9M 2020</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>9M 2019</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; width: 36%; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">A- Current period</FONT></TD>
    <TD STYLE="padding: 2pt; width: 8%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">4,309</FONT></TD>
    <TD STYLE="padding: 2pt; width: 8%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">4,387</FONT></TD>
    <TD STYLE="padding: 2pt; width: 8%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">3,984</FONT></TD>
    <TD STYLE="padding: 2pt; width: 8%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">4,072</FONT></TD>
    <TD STYLE="padding: 2pt; width: 8%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1,725</FONT></TD>
    <TD STYLE="padding: 2pt; width: 8%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1,782</FONT></TD>
    <TD STYLE="padding: 2pt; width: 8%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1,142</FONT></TD>
    <TD STYLE="padding: 2pt; width: 8%; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1,143</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">B- Prior year period</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">4,387</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">4,104</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">4,072</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">3,807</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1,782</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1,558</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1,143</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">951</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">C- Reported growth (A/B)</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(1.8)%</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">6.9%</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(2.2)%</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">7.0%</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(3.2)%</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">14.4%</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(0.1)%</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">20.2%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">D- Accounting change impact</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">7.9%</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">13.0%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">E- Change in Perimeter impact</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">5.4%</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">9.9%</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">5.4%</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">10.5%</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">5.2%</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">10.9%</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">6.9%</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">9.9%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">F- FX impact</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(4.1)%</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(5.8)%</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(4.2)%</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(5.8)%</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(3.8)%</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(5.6)%</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(6.0)%</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(9.2)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">G- Other</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(0.1)%</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">0.1%</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(0.1)%</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">0.1%</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">0.8%</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(1.0)%</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1.7%</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(1.3)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">H- Organic Growth (C-D-E-F-G)</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(2.9)%</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">2.7%</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(3.3)%</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">2.2%</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(5.4)%</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">2.2%</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(2.7)%</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">7.8%</FONT></TD></TR>
</TABLE>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><B>Reconciliation from Reported Growth to Organic
Growth for the main Latam markets</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="padding: 2pt; width: 31%; border-top: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Service Revenue ($ millions)</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 8%; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q3 2020</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 8%; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q3 2019</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 8%; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Organic</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 7%; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>FX</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 11%; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Accounting</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 10%; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Perimeter</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 8%; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Other</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 9%; border-top: black 1pt solid; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Reported</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Guatemala</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">314</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">304</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">3.9%</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(0.4)%</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">3.5%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Colombia</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">311</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">351</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(0.2)%</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(11.2)%</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(11.4)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Paraguay</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">124</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">146</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(5.0)%</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(10.5)%</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">0.2%</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(15.2)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Honduras</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">128</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">136</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(6.0)%</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(0.3)%</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">0.2%</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(6.1)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Bolivia</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">141</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">158</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(10.6)%</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(10.6)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Panama</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">139</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">115</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(9.4)%</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">33.4%</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(3.1)%</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">20.9%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">El Salvador</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">84</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">86</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(2.6)%</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(2.6)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Nicaragua, Costa Rica &amp; Eliminations</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">78</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">88</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Latam*</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>1,318</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>1,383</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(3.1)%</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(4.3)%</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>&mdash;</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>2.8%</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>&mdash;</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(4.7)%</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: gray"><I>* Perimeter impact on Latam segment reflects
acquisition of mobile businesses in Panama and Nicaragua during 2019.</I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: gray">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="padding: 2pt; width: 27%; border-top: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>EBITDA ($ millions)</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 8%; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q3 2020</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 8%; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q3 2019</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 9%; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Organic</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 9%; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>FX</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 11%; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Accounting</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 10%; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Perimeter</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 9%; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Other</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 9%; border-top: black 1pt solid; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Reported</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Guatemala</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">191</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">186</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">3.2%</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(0.4)%</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">2.8%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Colombia</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">111</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">122</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">2.6%</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(11.5)%</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(8.9)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Paraguay</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">62</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">76</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(8.7)%</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(10.3)%</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">0.4%</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(18.6)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Honduras</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">61</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">72</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(15.7)%</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(0.6)%</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">0.5%</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(15.8)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Bolivia</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">57</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">64</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(11.6)%</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(11.6)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Panama</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">63</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">59</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(15.6)%</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">27.1%</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(4.2)%</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">7.3%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">El Salvador</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">32</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">35</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(9.1)%</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(9.1)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Nicaragua, Costa Rica, Corp Costs &amp; Eliminations</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">4</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">4</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Latam*</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>581</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>619</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(5.6)%</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(4.0)%</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>&mdash;</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>2.6%</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>0.9%</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(6.1)%</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: gray"><I>* Perimeter impact on Latam segment reflects
acquisition of mobile businesses in Panama and Nicaragua during 2019.</I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: gray">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><B>ARPU reconciliations </B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="padding: 2pt; width: 60%; border-top: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Latam Segment - Mobile ARPU Reconciliation</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 10%; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q3 2020</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 10%; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q3 2019</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 10%; border-top: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>9M 2020</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 10%; border-top: black 1pt solid; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>9M 2019</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Mobile service revenue ($m)</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">790</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">819</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">2,383</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">2,398</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>Mobile Service revenue ($m) from non Tigo customers ($m) *</I></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(7)</I></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(18)</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(26)</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(53)</I></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Mobile Service revenue ($m) from Tigo customers (A)</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">782</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">800</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">2,357</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">2,345</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Mobile customers - end of period (000)</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">39,483</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">38,588</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">39,483</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">38,588</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Mobile customers - average (000) (B) **</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">38,630</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">37,875</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">39,139</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">35,833</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Mobile ARPU (USD/Month) (A/B/number of months)</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">6.8</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">7.0</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">6.7</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">7.3</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: gray"><I>* Refers to TV advertising, production services,
MVNO, DVNO, equipment rental revenue, call center revenue, national roaming, equipment sales, visitor roaming, tower rental, DVNE,
and other non-customer driven revenue.</I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: gray"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: gray"><I>** Average QoQ for the quarterly view is the
average of the last quarter.</I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: gray">&nbsp;</P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="padding-left: 50pt; background-color: rgb(0,6,64); text-align: left; width: 50%; vertical-align: middle"><P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 18pt; color: #CBF8FF"><B>Earnings Release</B></FONT></P><P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #CBF8FF"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Q3 2020</FONT></P></TD><TD STYLE="background-color: rgb(0,6,64); text-align: center; width: 50%"><IMG SRC="image_001.jpg" ALT="">&nbsp;</TD></TR></TABLE><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt"></P></DIV>
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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="padding: 2pt; width: 60%; border-top: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Latam Segment - Home&nbsp;&nbsp;ARPU Reconciliation</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 10%; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q3 2020</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 10%; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q3 2019</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 10%; border-top: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>9M 2020</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 10%; border-top: black 1pt solid; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>9M 2019</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Home service revenue ($m)</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">371</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">386</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1,122</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1,143</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>Home service revenue ($m) from non Tigo customers ($m) *</I></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(8)</I></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(11)</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(23)</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>(28)</I></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Home service revenue ($m) from Tigo customers (A)</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">363</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">375</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1,099</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1,114</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Customer Relationships - end of period (000) **</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">4,453</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">4,316</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">4,453</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">4,316</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Customer Relationships - average (000)&nbsp;&nbsp;(B)</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">4,374</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">4,281</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">4,370</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">4,217</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Home ARPU (USD/Month) (A/B/number of months)</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">27.7</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">29.2</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">27.9</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">29.4</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: gray"><I>* TV advertising, production services, equipment
rental revenue, call center revenue, equipment sales and other non customer driven revenue.</I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: gray"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: gray"><I>** Represented by homes connected all technologies
(HFC + Other Technologies + DTH &amp; Wimax RGUs).</I>&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: gray"><I>*** Average QoQ for the quarterly view is the
average of the last quarter.</I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: gray">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><B>One-off Summary - Items above EBITDA only</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="padding: 2pt; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>2020</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding: 2pt; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q3 2020</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding: 2pt; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>9M 2020</B></FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="background-color: #000640">
    <TD STYLE="padding: 2pt; width: 18%; border-left: black 1pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>($ millions)</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 8%; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Revenue</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 8%; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>EBITDA</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 8%; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Revenue</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 8%; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>EBITDA</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 50%; border-bottom: black 1pt solid; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Comment (Q3 2020)</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">Latam</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-right: black 1pt solid; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">Nicaragua</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">(8)</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">Latam Total</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">(8)</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center">&nbsp;</TD></TR>
</TABLE>
<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="padding: 2pt; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>2019</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding: 2pt; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q3 2019</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding: 2pt; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>9M 2019</B></FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-top: black 1pt solid; border-right: black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="background-color: #000640">
    <TD STYLE="padding: 2pt; width: 18%; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>($ millions)</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 8%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Revenue</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 8%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>EBITDA</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 8%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Revenue</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 8%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>EBITDA</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 50%; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Comment (Q3 2019)</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Colombia</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>&mdash;</B></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(5)</B></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>&mdash;</B></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(9)</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Bad Debt related to wholesale</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Paraguay</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">5</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">4</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">10</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">6</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Revenue accrual and others</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Latam Total</B></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>5</B></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(1)</B></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>10</B></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(3)</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Africa</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>&mdash;</B></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>&mdash;</B></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>&mdash;</B></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(21)</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Corporate</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(11)</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(27)</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Acquisition and integraton costs</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Total</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>5</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(12)</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>10</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(51)</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-bottom: black 1pt solid">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><B>Foreign Exchange rates used to support FX
impact calculations in the above Organic Growth reconciliations</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-top: black 1pt solid; border-left: black 1pt solid">&nbsp;</TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-top: black 1pt solid; border-right: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="padding: 2pt; vertical-align: top; border-top: black 1pt solid; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B><U>Average FX rate (vs. USD)</U></B></FONT></TD>
    <TD COLSPAN="6" STYLE="padding: 2pt; vertical-align: top; border-top: black 1pt solid; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B><U>End of period FX rate (vs. USD)</U></B></FONT></TD></TR>
<TR STYLE="background-color: #000640">
    <TD STYLE="padding: 2pt; vertical-align: bottom; width: 19%; border-left: black 1pt solid">&nbsp;</TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; width: 6%">&nbsp;</TD>
    <TD STYLE="padding: 2pt; width: 7%; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q3 20</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 7%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q2 20</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 8%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>QoQ</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 7%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q3 19</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 8%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>YoY</B></FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; width: 1%; border-left: black 1pt solid">&nbsp;</TD>
    <TD STYLE="padding: 2pt; width: 7%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q3 20</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 7%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q2 20</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 8%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>QoQ</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 7%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q3 19</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 8%; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>YoY</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Bolivia</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">BOB</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">6.91</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">6.91</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">0.0%</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">6.91</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">0.0%</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-left: black 1pt solid">&nbsp;</TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">6.91</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">6.91</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">0.0%</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">6.91</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">0.0%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Colombia</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">COP</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">3,784</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">3,881</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">2.6%</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">3,348</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(11.5)%</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-left: black 1pt solid">&nbsp;</TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">3,879</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">3,759</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(3.1)%</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">3,462</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(10.7)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Costa Rica</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">CRC</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">594</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">580</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(2.4)%</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">577</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(2.8)%</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-left: black 1pt solid">&nbsp;</TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">607</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">583</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(3.8)%</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">584</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(3.8)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Guatemala</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">GTQ</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">7.73</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">7.70</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(0.4)%</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">7.70</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(0.4)%</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-left: black 1pt solid">&nbsp;</TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">7.79</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">7.70</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(1.1)%</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">7.74</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(0.6)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Honduras</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">HNL</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">24.66</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">24.87</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">0.8%</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">24.64</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(0.1)%</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-left: black 1pt solid">&nbsp;</TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">24.53</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">24.80</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1.1%</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">24.71</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">0.7%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Nicaragua</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">NIO</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">34.47</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">34.21</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(0.7)%</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">33.33</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(3.3)%</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-left: black 1pt solid">&nbsp;</TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">34.60</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">34.34</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(0.7)%</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">33.53</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(3.1)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Paraguay</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">PYG</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">6,921</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">6,630</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(4.2)%</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">6,205</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(10.3)%</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-left: black 1pt solid">&nbsp;</TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">6,990</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">6,807</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(2.6)%</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">6,380</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(8.7)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Ghana</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">GHS</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">5.78</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">5.79</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">0.1%</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">5.42</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(6.2)%</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-left: black 1pt solid">&nbsp;</TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">5.79</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">5.79</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">0.0%</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">5.41</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(6.6)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Tanzania</FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">TZS</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">2,317</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">2,311</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(0.3)%</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">2,297</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(0.9)%</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-bottom: black 1pt solid; border-left: black 1pt solid">&nbsp;</TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">2,319</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">2,315</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(0.2)%</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">2,294</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(1.1)%</FONT></TD></TR>
</TABLE>

<!-- Field: Page; Sequence: 30; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; color: #808285"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->28<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="padding-left: 50pt; background-color: rgb(0,6,64); text-align: left; width: 50%; vertical-align: middle"><P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 18pt; color: #CBF8FF"><B>Earnings Release</B></FONT></P><P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #CBF8FF"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Q3 2020</FONT></P></TD><TD STYLE="background-color: rgb(0,6,64); text-align: center; width: 50%"><IMG SRC="image_001.jpg" ALT="">&nbsp;</TD></TR></TABLE><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><B>Reconciliation Net financial obligations to
EBITDA to Proportionate net financial obligations to EBITDA as of September 30, 2020 and December 31, 2019</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="padding: 2pt; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Debt Information - September 30, 2020</B></FONT></TD>
    <TD COLSPAN="3" STYLE="padding: 2pt; border-top: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B><U>Financial obligations</U></B></FONT></TD>
    <TD STYLE="padding: 2pt; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B><U>EBITDA</U></B></FONT></TD>
    <TD STYLE="padding: 2pt; border-top: black 1pt solid; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B><U>Leverage</U></B></FONT></TD></TR>
<TR STYLE="background-color: #000640">
    <TD STYLE="padding: 2pt; width: 45%; border-left: black 1pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>$ millions</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 11%; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Gross</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 11%; border-left: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Cash</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 11%; border-left: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Net</B></FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; width: 11%; border-left: black 1pt solid; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="padding: 2pt; width: 11%; border: black 1pt solid; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Millicom Group (IFRS)</B></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>6,897</B></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>1,144</B></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>5,753</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>1,520</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">3.79x</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Plus: Guatemala</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1,169</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">279</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">890</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">753</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Plus: Honduras</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">431</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">80</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">352</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">251</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Less: Corporate Costs</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(1)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(38)</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Underlying Millicom Group (Non-IFRS)</B></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>8,498</B></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>1,503</B></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>6,995</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>2,486</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>2.81x</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Less: 50% Minority Stake in Colombia</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">518</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">62</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">455</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">235</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Less: 45% Minority Stake in Guatemala</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">526</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">126</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">400</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">339</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Less: 33% Minority Stake in Honduras</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">144</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">27</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">117</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">84</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Less: 20% Minority Stake in Panama</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">205</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">20</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">185</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">53</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Less: 1.5% Minority Stake in Tanzania</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">6</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">6</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">2</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Proportionate Millicom Group (Non-IFRS)</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>7,098</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>1,268</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>5,831</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>1,774</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>3.29x</B></FONT></TD></TR>
</TABLE>
<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="padding: 2pt; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>December 31, 2019</B></FONT></TD>
    <TD COLSPAN="3" STYLE="padding: 2pt; border-top: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B><U>Financial obligations</U></B></FONT></TD>
    <TD STYLE="padding: 2pt; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B><U>EBITDA</U></B></FONT></TD>
    <TD COLSPAN="3" STYLE="padding: 2pt; border-top: black 1pt solid; border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B><U>Proforma</U></B></FONT></TD></TR>
<TR STYLE="background-color: #000640">
    <TD STYLE="padding: 2pt; width: 30%; border-left: black 1pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>$ millions</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 9%; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Gross</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 10%; border-left: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Cash</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 9%; border-left: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Net</B></FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; width: 9%; border-left: black 1pt solid; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="padding: 2pt; width: 14%; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Adjustments*</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 9%; border-left: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>EBITDA</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 10%; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Leverage</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Millicom Group (IFRS)</B></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>7,068</B></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>1,166</B></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>5,903</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>1,530</B></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">&mdash;</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Plus: Guatemala</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1,172</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">189</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">983</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">748</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Plus: Honduras</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">423</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">40</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">383</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">280</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Less: Corporate Costs</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(36)</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Underlying Millicom Group (Non-IFRS)</B></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>8,664</B></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>1,395</B></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>7,269</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>2,522</B></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>95</B></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>2,617</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>2.78x</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Less: 50% Minority Stake in Colombia</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">606</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">107</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">499</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">255</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Less: 45% Minority Stake in Guatemala</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">528</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">85</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">442</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">337</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Less: 33% Minority Stake in Honduras</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">141</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">13</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">128</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">93</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Less: 20% Minority Stake in Panama</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">208</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">12</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">196</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">45</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">13</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Less: 1.5% Minority Stake in Tanzania</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">6</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">6</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">2</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Proportionate Millicom Group (Non-IFRS)</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>7,175</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>1,177</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>5,998</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>1,791</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>82</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>1,873</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>3.20x</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray"><I>* Proforma adjusted EBITDA
related to mobile acquisitions in Panama.</I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">&nbsp;</P>


<!-- Field: Page; Sequence: 31; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; color: #808285"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->29<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="padding-left: 50pt; background-color: rgb(0,6,64); text-align: left; width: 50%; vertical-align: middle"><P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 18pt; color: #CBF8FF"><B>Earnings Release</B></FONT></P><P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #CBF8FF"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Q3 2020</FONT></P></TD><TD STYLE="background-color: rgb(0,6,64); text-align: center; width: 50%"><IMG SRC="image_001.jpg" ALT="">&nbsp;</TD></TR></TABLE><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><B>Debt maturity profile</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="padding: 2pt; width: 32%; border-top: black 1pt solid; border-left: black 1pt solid">&nbsp;</TD>
    <TD STYLE="padding: 2pt; width: 6%; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>2020</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 6%; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>2021</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 7%; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>2022</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 6%; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>2023</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 6%; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>2024</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 6%; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>2025</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 6%; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>2026</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 6%; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>2027</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 6%; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>2028</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 6%; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>2029</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 7%; border-top: black 1pt solid; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>&gt;2030</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">International Bonds</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">800</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">221</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">500</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">500</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">550</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">500</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">750</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">600</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>Floating MIC S.A. Sustain. Bond Due 2024*</I></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">221</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-left: black 1pt solid; padding: 2pt 2pt 2pt 0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>6.875% Comcel&nbsp;&nbsp;$800m Bond Due 2024</I></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">800</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-left: black 1pt solid; padding: 2pt 2pt 2pt 0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>6.000% MIC S.A. $500m Bond Due 2025</I></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">500</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-left: black 1pt solid; padding: 2pt 2pt 2pt 0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>6.625% MIC S.A. $500m Bond Due 2026</I></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">500</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-left: black 1pt solid; padding: 2pt 2pt 2pt 0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>5.875% Telecel $550m Bond Due 2027</I></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">550</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-left: black 1pt solid; padding: 2pt 2pt 2pt 0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>5.125% MIC S.A. $500m Bond Due 2028</I></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">500</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-left: black 1pt solid; padding: 2pt 2pt 2pt 0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>6.250% MIC S.A. $750m Bond Due 2029</I></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">750</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-left: black 1pt solid; padding: 2pt 2pt 2pt 0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>4.500% Cable Onda $600m Bond Due 2030</I></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">600</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Local Bonds (Colombia, Bolivia, Paraguay &amp; Panama)</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">44</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">46</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">102</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">104</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">200</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">102</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">4</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">2</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">14</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">59</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Bank and DFI </FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">7</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">102</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">91</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">367</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">792</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">406</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">25</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">115</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">43</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">114</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">46</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Total</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>807</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>146</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>137</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>469</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>1,118</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>1,106</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>627</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>669</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>545</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>879</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>706</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B><I>% of Total</I></B></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>11.2%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>2.0%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>1.9%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>6.5%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>15.5%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>15.3%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>8.7%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>9.3%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>7.6%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>12.2%</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>9.8%</I></FONT></TD></TR>
</TABLE>

<!-- Field: Page; Sequence: 32; Value: 1 -->
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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="padding-left: 50pt; background-color: rgb(0,6,64); text-align: left; width: 50%; vertical-align: middle"><P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 18pt; color: #CBF8FF"><B>Earnings Release</B></FONT></P><P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #CBF8FF"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Q3 2020</FONT></P></TD><TD STYLE="background-color: rgb(0,6,64); text-align: center; width: 50%"><IMG SRC="image_001.jpg" ALT="">&nbsp;</TD></TR></TABLE><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><B>Capex Reconciliation</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="padding: 2pt; width: 53%; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Capex Reconciliation</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 12%; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q3 2020</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 11%; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q3 2019</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 12%; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>9M 2020</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 12%; border-left: black 1pt solid; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>9M 2019</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Consolidated:</B></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Additions to property, plant and equipment</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">149</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">173</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">388</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">459</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Additions to licenses and other intangibles</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">34</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">39</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">497</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">127</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>Of which spectrum and license costs</I></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>7</I></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>16</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>427</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>65</I></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Total consolidated additions</B></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>182</B></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>212</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>885</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>586</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>Of which capital expenditures related to corporate offices</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>1</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>2</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>6</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>6</I></FONT></TD></TR>
</TABLE>
<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="padding: 2pt; width: 53%; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Latin America Segment</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 12%; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q3 2020</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 11%; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q3 2019</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 12%; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>9M 2020</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 12%; border-left: black 1pt solid; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>9M 2019</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Additions to property, plant and equipment</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">188</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">221</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">499</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">565</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Additions to licenses and other intangibles</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">38</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">31</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">594</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">127</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>Of which spectrum and license costs</I></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>7</I></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>4</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>510</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>53</I></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Latin America Segment total additions (Underlying)</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">227</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">252</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1,093</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">692</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Capex excluding spectrum and license costs</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>220</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>247</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>583</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>639</B></FONT></TD></TR>
</TABLE>
<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="padding: 2pt; width: 53%; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Africa Segment</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 12%; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q3 2020</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 11%; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q3 2019</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 12%; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>9M 2020</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 12%; border-left: black 1pt solid; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>9M 2019</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Additions to property, plant and equipment</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">11</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">7</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">28</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">22</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Additions to licenses and other intangibles</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">12</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">12</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>Of which spectrum and license costs</I></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>&mdash;</I></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>12</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>&mdash;</I></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>12</I></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Africa Segment total additions</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">11</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">19</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">28</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">34</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Capex excluding spectrum and license costs</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>11</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>7</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>28</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>22</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><B>Operating Free Cash Flow Reconciliation</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="padding: 2pt; width: 64%; border-top: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Cash Flow Data</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 9%; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q3 2020</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 9%; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q3 2019</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 9%; border-top: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>9M 2020</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 9%; border-top: black 1pt solid; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>9M 2019</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Net cash provided by operating activities</B></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>201</B></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>209</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>525</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>532</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Purchase of property, plant and equipment</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(138)</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(177)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(440)</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(526)</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Proceeds from sale of property, plant and equipment</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">5</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">9</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">6</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">21</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Purchase of intangible assets and licenses</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(35)</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(41)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(201)</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(144)</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Proceeds from sale of intangible assets</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Net purchase/proceeds for property, plant and equipment and intangible assets</B></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(169)</B></FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(209)</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(636)</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(650)</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(Less) Proceeds from sale of towers part of tower sale and leaseback transactions</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(9)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(21)</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(Less) Purchase of spectrum and licenses</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">4</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">32</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">95</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">43</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(Less) Finance charges paid, net</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">147</FONT></TD>
    <TD STYLE="padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">126</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">416</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">347</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Operating free cash flow</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>183</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>150</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>400</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>252</B></FONT></TD></TR>
</TABLE>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="padding-left: 50pt; background-color: rgb(0,6,64); text-align: left; width: 50%; vertical-align: middle"><P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 18pt; color: #CBF8FF"><B>Earnings Release</B></FONT></P><P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #CBF8FF"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Q3 2020</FONT></P></TD><TD STYLE="background-color: rgb(0,6,64); text-align: center; width: 50%"><IMG SRC="image_001.jpg" ALT="">&nbsp;</TD></TR></TABLE><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt"></P></DIV>
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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><B>Equity Free Cash Flow Reconciliation</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="text-indent: 0pt; padding: 2pt; width: 64%; border-top: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Cash Flow Data</B></FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; width: 9%; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q3 2020</B></FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; width: 9%; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q3 2019</B></FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; width: 9%; border-top: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>9M 2020</B></FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; width: 9%; border-top: black 1pt solid; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>9M 2019</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; padding: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Net cash provided by operating activities</B></FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black"><B>201</B></FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black"><B>209</B></FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black"><B>525</B></FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black"><B>532</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; padding: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Purchase of property, plant and equipment</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">(138)</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">(177)</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">(440)</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">(526)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; padding: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Proceeds from sale of property, plant and equipment</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">5</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">9</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">6</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">21</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; padding: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Proceeds from sale of towers part of tower sale and leaseback transactions</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">&mdash;</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">(9)</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">&mdash;</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">(21)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; padding: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Purchase of intangible assets</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">(35)</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">(41)</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">(201)</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">(144)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; padding: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Proceeds from sale of intangible assets</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">&mdash;</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">&mdash;</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">&mdash;</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">&mdash;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; padding: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Purchase of spectrum and licenses</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">4</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">32</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">95</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">43</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; padding: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Finance charges paid, net</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">147</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">126</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">416</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">347</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; padding: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Operating free cash flow</B></FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black"><B>183</B></FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black"><B>150</B></FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black"><B>400</B></FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black"><B>252</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; padding: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Interest (paid), net</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">(147)</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">(126)</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">(416)</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">(347)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; padding: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Free cash flow</B></FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black"><B>36</B></FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black"><B>24</B></FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black"><B>(16)</B></FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black"><B>(95)</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; padding: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Dividends received from joint ventures (Guatemala and Honduras)</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">9</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">76</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">67</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">181</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; padding: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Dividends paid to non-controlling interests</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">(3)</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">&mdash;</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">(5)</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">(12)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid; padding: 2pt; border-left: black 1pt solid; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Equity free cash flow</B></FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black"><B>42</B></FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black"><B>100</B></FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black"><B>46</B></FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black"><B>73</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><B>OCF (EBITDA- Capex) Reconciliation</B>&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 90%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="text-indent: 0pt; padding: 2pt; width: 48%; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Latam OCF Underlying</B></FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; width: 13%; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q3 2020</B></FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; width: 13%; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q3 2019</B></FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; width: 13%; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>9M 2020</B></FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; width: 13%; border-left: black 1pt solid; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>9M 2019</B></FONT></TD></TR>
<TR>
    <TD STYLE="text-indent: 0pt; padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Latam EBITDA</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">581</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">619</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1,725</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1,782</FONT></TD></TR>
<TR>
    <TD STYLE="text-indent: 0pt; padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(-) Capex (Ex. Spectrum)</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">220</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">247</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">583</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">639</FONT></TD></TR>
<TR>
    <TD STYLE="text-indent: 0pt; padding: 2pt; border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Latam OCF</B></FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>362</B></FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>372</B></FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>1,142</B></FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>1,143</B></FONT></TD></TR>
</TABLE>
<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 90%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="text-indent: 0pt; padding: 2pt; width: 48%; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Africa OCF</B></FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; width: 13%; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q3 2020</B></FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; width: 13%; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q3 2019</B></FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; width: 13%; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>9M 2020</B></FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; width: 13%; border-left: black 1pt solid; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>9M 2019</B></FONT></TD></TR>
<TR>
    <TD STYLE="text-indent: 0pt; padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Africa EBITDA</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">32</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">39</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">91</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">84</FONT></TD></TR>
<TR>
    <TD STYLE="text-indent: 0pt; padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(-) Capex (Ex. Spectrum)</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">11</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">7</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">28</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">22</FONT></TD></TR>
<TR>
    <TD STYLE="text-indent: 0pt; padding: 2pt; border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Africa OCF</B></FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>22</B></FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>32</B></FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>63</B></FONT></TD>
    <TD STYLE="text-indent: 0pt; padding: 2pt; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>62</B></FONT></TD></TR>
</TABLE>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><B><I>Guatemala and Honduras Financial Information
(unaudited)</I></B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray"><I>Until 2015, Millicom group
results included Guatemala and Honduras on a 100% consolidation basis. Since 2016, these businesses are treated as joint ventures
and are consolidated using the equity method. To aid investors to better track the evolution of the company&rsquo;s performance
over time, we provide the following indicative unaudited financial statement data for the Millicom group as if our Guatemala and
Honduras joint ventures had been fully consolidated.</I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="padding: 2pt; width: 44%; border: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Income statement data Q3 2020&nbsp;&nbsp;&nbsp;</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="padding: 2pt; width: 14%; border-top: black 1pt solid; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Millicom (IFRS)</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="padding: 2pt; width: 14%; border-top: black 1pt solid; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Guatemala and Honduras JVs</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="padding: 2pt; width: 14%; border-top: black 1pt solid; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Eliminations</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="padding: 2pt; width: 14%; border-top: black 1pt solid; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Underlying (non-IFRS)</B></FONT></TD></TR>
<TR STYLE="background-color: #000640">
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>($millions)</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Revenue </B></FONT></TD>
    <TD STYLE="padding: 2pt; border-top: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>1,026</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-top: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>512</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-top: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>&mdash;</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-top: black 1pt solid; border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>1,538</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Cost of sales</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(286)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(128)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(414)</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Gross profit</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>740</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>384</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>&mdash;</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>1,124</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Operating expenses</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(369)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(142)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(511)</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>EBITDA</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>371</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>242</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>&mdash;</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>613</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>EBITDA margin</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>36.1%</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>47.3%</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #44546A">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>39.8%</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Depreciation &amp; amortization</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(305)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(114)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(419)</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Share of net profit in joint ventures</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">22</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(22)</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Other operating income (expenses), net</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">9</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">8</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Operating profit</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>97</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>128</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(22)</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>202</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Net financial expenses</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(140)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(60)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(200)</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Other non-operating income (expenses), net</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(10)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(4)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(14)</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Gains (losses) from associates</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Profit (loss) before tax</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(53)</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>64</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(22)</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(11)</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Net tax credit (charge)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(23)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(21)</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Profit (loss) for the period</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(51)</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>41</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(22)</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(32)</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Non-controlling interests</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">9</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(19)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(10)</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Profit (loss) from discontinued operations</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(8)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(8)</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Net profit (loss) for the period</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(51)</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>22</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(22)</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(51)</B></FONT></TD></TR>
</TABLE>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="padding-left: 50pt; background-color: rgb(0,6,64); text-align: left; width: 50%; vertical-align: middle"><P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 18pt; color: #CBF8FF"><B>Earnings Release</B></FONT></P><P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #CBF8FF"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Q3 2020</FONT></P></TD><TD STYLE="background-color: rgb(0,6,64); text-align: center; width: 50%"><IMG SRC="image_001.jpg" ALT="">&nbsp;</TD></TR></TABLE><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt"></P></DIV>
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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="padding: 2pt; width: 44%; border: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Income statement data 9M 2020</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="padding: 2pt; width: 14%; border-top: black 1pt solid; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Millicom (IFRS)</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="padding: 2pt; width: 14%; border-top: black 1pt solid; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Guatemala and Honduras JVs</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="padding: 2pt; width: 14%; border-top: black 1pt solid; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Eliminations</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="padding: 2pt; width: 14%; border-top: black 1pt solid; border-right: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Underlying (non-IFRS)</B></FONT></TD></TR>
<TR STYLE="background-color: #000640">
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>($millions)&nbsp;&nbsp;</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Revenue </B></FONT></TD>
    <TD STYLE="padding: 2pt; border-top: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>3,083</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-top: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>1,494</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-top: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>&mdash;</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-top: black 1pt solid; border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>4,577</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Cost of sales</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(887)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(360)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(1,247)</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Gross profit</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>2,196</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>1,134</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>&mdash;</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>3,330</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Operating expenses</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(1,101)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(414)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(1,515)</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>EBITDA</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>1,096</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>719</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>&mdash;</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>1,815</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>EBITDA margin</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>35.5%</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>48.2%</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #44546A">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>39.7%</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Depreciation &amp; amortization</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(904)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(341)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(1,245)</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Share of net profit in joint ventures</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">101</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(101)</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Other operating income (expenses), net</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">31</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(1)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">30</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Operating profit</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>323</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>377</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(101)</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>600</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Net financial expenses</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(448)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(110)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(559)</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Other non-operating income (expenses), net</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(147)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(8)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(154)</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Gains (losses) from associates</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Profit (loss) before tax</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(272)</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>260</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(101)</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(113)</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Net tax credit (charge)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(48)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(73)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(120)</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Profit (loss) for the period</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(320)</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>187</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(101)</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(233)</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Non-controlling interests</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">40</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(86)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(46)</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Profit (loss) from discontinued operations</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(9)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(9)</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Net profit (loss) for the period</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(288)</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>101</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(101)</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(288)</B></FONT></TD></TR>
</TABLE>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="padding-left: 50pt; background-color: rgb(0,6,64); text-align: left; width: 50%; vertical-align: middle"><P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 18pt; color: #CBF8FF"><B>Earnings Release</B></FONT></P><P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #CBF8FF"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Q3 2020</FONT></P></TD><TD STYLE="background-color: rgb(0,6,64); text-align: center; width: 50%"><IMG SRC="image_001.jpg" ALT="">&nbsp;</TD></TR></TABLE><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt"></P></DIV>
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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="padding: 2pt; width: 55%; border-top: black 1pt solid; border-bottom: #00245D 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Balance Sheet data ($ millions)</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 15%; border-top: #00245D 1pt solid; border-bottom: #00245D 1pt solid; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Millicom IFRS</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 15%; border-top: #00245D 1pt solid; border-bottom: #00245D 1pt solid; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Guatemala and Honduras JVs</B></FONT></TD>
    <TD STYLE="padding: 2pt; width: 15%; border: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Underlying (non-IFRS)</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: #00245D 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Assets</B></FONT></TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-left: #00245D 1pt solid">&nbsp;</TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-left: #00245D 1pt solid">&nbsp;</TD>
    <TD STYLE="padding: 2pt; vertical-align: bottom; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: #00245D 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Intangible assets, net</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">3,375</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">2,853</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">6,227</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: #00245D 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Property, plant and equipment, net</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">2,559</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">861</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">3,421</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: #00245D 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Right of Use Assets</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">874</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">280</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1,154</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: #00245D 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Investments in joint ventures and associates</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">2,673</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(2,649)</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">25</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: #00245D 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Other non-current assets</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">348</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">55</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">403</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: #00245D 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Total non-current assets</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>9,829</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>1,400</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>11,229</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: #00245D 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Inventories, net</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">47</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">35</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">82</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: #00245D 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Trade receivables, net</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">338</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">91</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">429</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: #00245D 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Other current assets</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">801</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">331</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1,131</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: #00245D 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Restricted cash</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">170</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">18</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">188</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: #00245D 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Cash and cash equivalents</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1,144</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">359</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1,502</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: #00245D 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Total current assets</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>2,498</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>835</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>3,333</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: #00245D 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Assets held for sale</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">2</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">2</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: #00245D 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Total assets</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>12,330</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>2,234</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>14,564</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 2pt; border-left: #00245D 1pt solid">&nbsp;</TD>
    <TD STYLE="padding: 2pt; border-left: #00245D 1pt solid">&nbsp;</TD>
    <TD STYLE="padding: 2pt; border-left: #00245D 1pt solid">&nbsp;</TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-left: #00245D 1pt solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Equity and liabilities </B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-left: black 1pt solid; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Equity attributable to owners of the Company</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">2,059</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(42)</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">2,018</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Non-controlling interests</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">207</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">477</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">684</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Total equity </B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>2,266</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>436</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>2,702</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Debt and financing</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">6,668</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">746</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">7,413</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Other non-current liabilities</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1,195</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(81)</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1,114</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Total non-current liabilities </B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>7,863</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>665</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>8,528</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Debt and financing</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">230</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">855</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1,085</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Other current liabilities</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1,971</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">279</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">2,250</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Total current liabilities </B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>2,200</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>1,134</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>3,334</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Liabilities directly associated with assets held for sale</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Total liabilities </B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>10,063</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>1,799</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>11,862</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Total equity and liabilities </B></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>12,330</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>2,234</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>14,564</B></FONT></TD></TR>
</TABLE>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="padding-left: 50pt; background-color: rgb(0,6,64); text-align: left; width: 50%; vertical-align: middle"><P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 18pt; color: #CBF8FF"><B>Earnings Release</B></FONT></P><P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #CBF8FF"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Q3 2020</FONT></P></TD><TD STYLE="background-color: rgb(0,6,64); text-align: center; width: 50%"><IMG SRC="image_001.jpg" ALT="">&nbsp;</TD></TR></TABLE><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt"></P></DIV>
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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="padding: 2pt; width: 63%; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Cash Flow Data</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="padding: 2pt; width: 12%; border-top: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Millicom IFRS</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="padding: 2pt; width: 14%; border-top: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Guatemala and Honduras JVs</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="padding: 2pt; width: 11%; border-top: black 1pt solid; border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Underlying (non-IFRS)</B></FONT></TD></TR>
<TR STYLE="background-color: #000640">
    <TD STYLE="padding: 2pt; border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>($millions)</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: #00245D 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Profit (loss) before taxes from continuing operations</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-top: black 1pt solid; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(272)</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-top: black 1pt solid; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>159</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-top: black 1pt solid; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(113)</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: #00245D 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Profit (loss) for the period from discontinued operations</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(9)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(9)</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: #00245D 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Profit (loss) before taxes</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(281)</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>159</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(122)</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: #00245D 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Net cash provided by operating activities (incl. discontinued ops)</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>525</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>573</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>1,098</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: #00245D 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Net cash used in investing activities (incl. discontinued ops)</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(446)</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(361)</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(807)</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: #00245D 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Net cash from (used by) financing activities (incl. discontinued ops)</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(71)</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(80)</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(152)</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: #00245D 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Exchange impact on cash and cash equivalents, net</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(28)</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(2)</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(30)</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: #00245D 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Net (decrease) increase in cash and cash equivalents</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(20)</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>130</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>110</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: #00245D 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Cash and cash equivalents at the beginning of the period</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1,164</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">229</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1,393</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-left: #00245D 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Effect of cash in disposal group held for sale</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 2pt; border-bottom: #00245D 1pt solid; border-left: #00245D 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Cash and cash equivalents at the end of the period</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: #00245D 1pt solid; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>1,144</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-bottom: #00245D 1pt solid; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>359</B></FONT></TD>
    <TD STYLE="padding: 2pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>1,502</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #000640">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #000640"><B>Regulatory Statement</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #000640">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285"><FONT STYLE="font-size: 10pt"><I>This
information was prior to this release inside information and is information that Millicom is obliged to make public pursuant to
the EU Market Abuse Regulation. This information was submitted for publication, through the agency of the contact person set out
above, at 11:00 CET on October&nbsp;30, 2020.</I></FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285">&nbsp;&nbsp;</P>


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    <TD STYLE="padding-left: 50pt; background-color: rgb(0,6,64); text-align: left; width: 50%; vertical-align: middle"><P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 18pt; color: #CBF8FF"><B>&nbsp;</B></FONT></P>

</TD>
    <TD STYLE="background-color: rgb(0,6,64); text-align: center; width: 50%"><IMG SRC="image_001.jpg" ALT="">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 30pt Times New Roman, Times, Serif; margin: 0pt; text-align: right; color: rgb(0,58,102)"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: Black"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 30pt Times New Roman, Times, Serif; margin: 0pt 67.5pt 0pt 0; color: rgb(0,58,102)"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Unaudited
Interim Condensed Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 67.5pt 0pt 0; color: rgb(0,58,102)"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="font: 16pt Times New Roman, Times, Serif; margin: 0pt 67.5pt 0pt 0; color: rgb(0,58,102)"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>For
the three- and nine-month periods ended September 30, 2020 </B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 67.5pt 0pt 0; color: rgb(0,58,102)"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: rgb(0,58,102)"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">October&nbsp;30,
2020</FONT></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="padding-left: 20pt; background-color: rgb(0,6,64); text-align: left; width: 56%; vertical-align: middle"><P STYLE="font: 12pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: White">Unaudited Interim Condensed Consolidated Financial Statements<BR> for the three- and nine-month periods ended September 30, 2020&nbsp;</FONT></P></TD><TD STYLE="background-color: rgb(0,6,64); text-align: center; width: 44%"><IMG SRC="image_001.jpg" ALT="">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #39B8D4"></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #39B8D4"></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #39B8D4"></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #39B8D4"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt"></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #39B8D4"></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #39B8D4"><B>Unaudited interim condensed consolidated
statement of income for the three- and nine-month periods ended September 30, 2020</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #39B8D4"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="padding-right: 2pt; border-top: #A7A7A7 1pt solid; vertical-align: bottom; width: 42%; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>in millions of U.S dollars except per share data</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-top: #A7A7A7 1pt solid; vertical-align: bottom; width: 6%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Notes</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-top: #A7A7A7 1pt solid; width: 13%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Nine months ended September 30, 2020</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-top: #A7A7A7 1pt solid; width: 13%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Nine months ended September 30, 2019 (i)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-top: gray 1pt solid; width: 13%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Three months ended September 30, 2020</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-top: gray 1pt solid; width: 13%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Three months ended September 30, 2019 (i)</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Continuing Operations</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Revenue</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">5</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">3,083</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">3,186</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">1,026</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">1,097</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Cost of sales</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(887)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(891)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(286)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(302)</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Gross profit</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>2,196</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>2,295</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>740</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>795</B></FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Operating expenses</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(1,101)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(1,189)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(369)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(392)</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Depreciation</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">3</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(660)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(612)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(217)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(203)</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Amortization</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(244)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(191)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(88)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(69)</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Share of profit in the joint ventures in Guatemala and Honduras (ii)</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">15</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">101</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">137</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">22</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">46</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Other operating income (expenses), net</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">14</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">31</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">7</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">9</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(1)</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Operating profit</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">5</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>323</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>446</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>97</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>176</B></FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Interest and other financial expenses</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">10</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(457)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(407)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(141)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(135)</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Interest and other financial income</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">8</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">15</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">1</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">7</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Other non-operating (expenses) income, net</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">6</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(147)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(82)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(10)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(127)</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Profit (loss) from other joint ventures and associates, net</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(31)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">1</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(17)</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Profit (loss) before taxes from continuing operations</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(272)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(59)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(53)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(96)</B></FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Tax (charge) credit, net</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(48)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(89)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">1</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(47)</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Profit (loss) from continuing operations</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(320)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(148)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(51)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(143)</B></FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Profit (loss) from discontinued operations, net of tax</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">4</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(9)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">60</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(8)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(4)</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Net profit (loss) for the period</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; vertical-align: bottom; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(329)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(88)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: gray 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(59)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: gray 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(147)</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; border-bottom: gray 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; border-bottom: gray 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; border-bottom: gray 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; border-bottom: gray 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; border-bottom: gray 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; border-bottom: gray 1pt solid; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Attributable to:</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; background-color: white; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; background-color: white; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Owners of&nbsp;&nbsp;Millicom</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(288)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(73)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(51)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(131)</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Non-controlling interests</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; vertical-align: bottom; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(40)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(15)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: gray 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(9)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: gray 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(16)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; border-bottom: gray 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; border-bottom: gray 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; border-bottom: gray 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; border-bottom: gray 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; border-bottom: gray 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; border-bottom: gray 1pt solid; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(Loss)/Earnings per common share for net profit/ (loss) attributable to the owners of the Company:</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Basic and Diluted ($ per share) (iii)</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">7</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(2.85)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(0.73)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(0.50)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(1.30)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left"><I>(i)</I></TD><TD><I>Restated for finalization of purchase accounting for
Cable Onda acquisition (see note 3).</I></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left"><I>(ii)</I></TD><TD><I>Includes an $18 million charge related to early redemption
of bonds (see Note 10)</I></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left"><I>(iii)</I></TD><TD><I>There are no dilutive potential ordinary shares</I></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">The accompanying notes are an integral part
of these unaudited interim condensed consolidated financial statements</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>


<!-- Field: Page; Sequence: 40; Options: NewSection; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: right; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="padding-left: 20pt; background-color: rgb(0,6,64); text-align: left; width: 56%; vertical-align: middle"><P STYLE="text-align: left; font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: White">Unaudited Interim Condensed Consolidated Financial Statements<BR> for the three- and nine-month periods ended September 30, 2020&nbsp;</FONT></P></TD><TD STYLE="background-color: rgb(0,6,64); text-align: center; width: 44%"><IMG SRC="image_001.jpg" ALT="">&nbsp;</TD></TR></TABLE><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #39B8D4"><B>Unaudited interim condensed consolidated
statement of comprehensive income for the three- and nine-month periods ended September 30, 2020 </B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #39B8D4"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; width: 60%; border-top: #A7A7A7 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>in millions of U.S dollars</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 10%; border-top: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Nine months ended September 30, 2020 </B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 10%; border-top: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Nine months ended September 30, 2019 (i)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 10%; border-top: gray 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Three months ended September 30, 2020</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 10%; border-top: gray 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Three months ended September 30, 2019 (i)</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Net profit (loss) for the period</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(329)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(88)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(59)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(147)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Other comprehensive income (to be reclassified to statement of income in subsequent periods), net of tax:</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Exchange differences on translating foreign operations</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(82)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(37)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(8)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(51)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Change in value of cash flow hedges, net of tax effects</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(4)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(18)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">2</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(7)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Other comprehensive income (not to be reclassified to statement of income in subsequent periods), net of tax:</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Total comprehensive income (loss) for the period</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(415)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(143)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: gray 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(66)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: gray 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(205)</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; border-bottom: gray 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; border-bottom: gray 1pt solid; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Attributable to</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Owners of the Company</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(356)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(121)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(54)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(180)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Non-controlling interests</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(59)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(23)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: gray 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(11)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(26)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-right: 2pt; border-bottom: gray 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; border-bottom: gray 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; border-bottom: gray 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; border-bottom: gray 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; border-bottom: gray 1pt solid; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Total comprehensive income for the period arises from:</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Continuing operations</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(407)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(203)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(57)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(201)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Discontinued operations</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(8)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">60</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(8)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(4)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left"><I>(i)</I></TD><TD><I>Restated for finalization of purchase accounting for
Cable Onda acquisition (see note 3).</I></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">The accompanying notes are an integral part
of these unaudited interim condensed consolidated financial statements</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="padding-left: 20pt; background-color: rgb(0,6,64); text-align: left; width: 56%; vertical-align: middle"><P STYLE="text-align: left; font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: White">Unaudited Interim Condensed Consolidated Financial Statements<BR> for the three- and nine-month periods ended September 30, 2020&nbsp;</FONT></P></TD><TD STYLE="background-color: rgb(0,6,64); text-align: center; width: 44%"><IMG SRC="image_001.jpg" ALT="">&nbsp;</TD></TR></TABLE><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #39B8D4"><B>Unaudited interim condensed consolidated
statement of financial position as at September 30, 2020</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #39B8D4"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; width: 74%; border-top: #A7A7A7 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>in millions of U.S dollars</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; width: 6%; border-top: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Notes</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 10%; border-top: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>September 30, 2020</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; width: 10%; border-top: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>December 31, 2019(i)</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>ASSETS</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>NON-CURRENT ASSETS</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Intangible assets, net</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">9</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">3,375</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">3,195</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Property, plant and equipment, net</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">8</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">2,559</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">2,899</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Right of use assets</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">874</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">1,012</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Investments in joint ventures</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">15</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">2,649</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">2,797</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Investments in associates</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">25</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">25</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Contract costs, net</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">4</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">5</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Deferred tax assets</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">227</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">200</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Derivative financial instruments</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">13</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">13</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Other non-current assets</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">12</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">104</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">104</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>TOTAL NON-CURRENT ASSETS</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>9,829</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>10,238</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>CURRENT ASSETS</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Inventories</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">47</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">32</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Trade receivables, net</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">2</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">338</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">371</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Contract assets, net</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">33</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">41</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Amounts due from non-controlling interests, associates and joint ventures</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">12</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">23</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">29</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Prepayments and accrued income</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">180</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">156</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Current income tax assets</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">91</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">119</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Supplier advances for capital expenditure</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">24</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">22</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Equity investments</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">14</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">260</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">371</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Other current assets</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">188</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">192</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Restricted cash</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">170</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">155</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Cash and cash equivalents</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">1,144</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">1,164</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>TOTAL CURRENT ASSETS</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>2,498</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>2,652</B></FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Assets held for sale</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">4</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">2</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">5</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-bottom: #A7A7A7 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>TOTAL ASSETS</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-bottom: #A7A7A7 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>12,330</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>12,895</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left"><I>(i)</I></TD><TD><I>Restated for finalization of purchase accounting for
Nicaragua and Panama acquisitions (see note 3).</I></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">The accompanying notes are an integral part
of these unaudited interim condensed consolidated financial statements</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="padding-left: 20pt; background-color: rgb(0,6,64); text-align: left; width: 56%; vertical-align: middle"><P STYLE="text-align: left; font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: White">Unaudited Interim Condensed Consolidated Financial Statements<BR> for the three- and nine-month periods ended September 30, 2020&nbsp;</FONT></P></TD><TD STYLE="background-color: rgb(0,6,64); text-align: center; width: 44%"><IMG SRC="image_001.jpg" ALT="">&nbsp;</TD></TR></TABLE><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #39B8D4"><B>Unaudited interim condensed consolidated
statement of financial position as at September 30, 2020 (continued)</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #39B8D4"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 2pt; width: 73%; border-top: #A7A7A7 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>in millions of U.S dollars</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 6%; border-top: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Notes</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 11%; border-top: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>September 30, 2020</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 10%; border-top: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>December 31, 2019(i)</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>EQUITY AND LIABILITIES</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>EQUITY</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Share capital and premium</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">630</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">633</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Treasury shares</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(30)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(51)</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Other reserves</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(617)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(544)</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Retained profits</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">2,365</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">2,222</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Profit (loss) for the period attributable to equity holders</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(288)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">149</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Equity attributable to owners of the Company</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>2,059</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>2,410</B></FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Non-controlling interests</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">207</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">271</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>TOTAL EQUITY</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>2,266</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>2,680</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>LIABILITIES</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>NON-CURRENT LIABILITIES</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Debt and financing</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">10</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">5,791</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">5,786</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Lease liabilities</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">10</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">876</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">988</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Derivative financial instruments</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">13</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">11</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">17</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Amounts due to non-controlling interests, associates and joint ventures</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">12</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">219</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">337</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Payables and accruals for capital expenditure</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">9</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">439</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">61</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Provisions and other non-current liabilities</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">302</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">322</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Deferred tax liabilities</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">223</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">285</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>TOTAL NON-CURRENT LIABILITIES</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>7,863</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>7,797</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>CURRENT LIABILITIES</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Debt and financing</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">10</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">114</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">186</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Lease liabilities</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">10</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">116</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">107</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Put option liability</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">13</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">268</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">264</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Payables and accruals for capital expenditure</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">228</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">348</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Other trade payables</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">267</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">289</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Amounts due to non-controlling interests, associates and joint ventures</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">12</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">117</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">161</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Accrued interest and other expenses</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">448</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">432</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Current income tax liabilities</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">84</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">75</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Contract liabilities</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">93</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">82</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Provisions and other current liabilities</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">468</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">474</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>TOTAL CURRENT LIABILITIES</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>2,200</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>2,417</B></FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Liabilities directly associated with assets held for sale</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">4</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>TOTAL LIABILITIES</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>10,063</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>10,215</B></FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-bottom: #A7A7A7 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>TOTAL EQUITY AND LIABILITIES</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-bottom: #A7A7A7 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>12,330</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>12,895</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left"><I>(i)</I></TD><TD><I>Restated for the finalization of purchase accounting
for Nicaragua and Panama acquisitions (see note 3).</I></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">The accompanying notes are an integral part
of these unaudited interim condensed consolidated financial statements</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>


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    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: right; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="padding-left: 20pt; background-color: rgb(0,6,64); text-align: left; width: 56%; vertical-align: middle"><P STYLE="text-align: left; font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: White">Unaudited Interim Condensed Consolidated Financial Statements<BR> for the three- and nine-month periods ended September 30, 2020&nbsp;</FONT></P></TD><TD STYLE="background-color: rgb(0,6,64); text-align: center; width: 44%"><IMG SRC="image_001.jpg" ALT="">&nbsp;</TD></TR></TABLE><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #39B8D4"><B>Unaudited interim condensed consolidated
statement of cash flows for the nine-month period ended September 30, 2020</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #39B8D4"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="padding-right: 4pt; vertical-align: bottom; width: 75%; border-top: #A7A7A7 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>in millions of U.S dollars</B></FONT></TD>
    <TD STYLE="padding-right: 4pt; width: 5%; border-top: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Notes</B></FONT></TD>
    <TD STYLE="padding-right: 4pt; vertical-align: top; width: 10%; border-top: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>September 30, 2020</B></FONT></TD>
    <TD STYLE="padding-right: 4pt; vertical-align: top; width: 10%; border-top: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>September 30, 2019 (i)</B></FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 4pt; padding-left: 9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Cash flows from operating activities (including discontinued operations)</B></FONT></TD>
    <TD STYLE="padding-right: 4pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 4pt; padding-left: 13.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Profit (loss) before taxes from continuing operations </FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 4pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(272)</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(59)</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 4pt; padding-left: 13.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Profit (loss) before taxes from discontinued operations</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">4</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(9)</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">62</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 4pt; padding-left: 9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Profit (loss) before taxes</B></FONT></TD>
    <TD STYLE="padding-right: 4pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(281)</B></FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>2</B></FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 4pt; padding-left: 9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Adjustments to reconcile to net cash:</B></FONT></TD>
    <TD STYLE="padding-right: 4pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 4pt; padding-left: 13.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Interest expense on leases</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 4pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">117</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">113</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 4pt; padding-left: 13.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Interest expense on debt and other financing</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 4pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">340</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">295</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 4pt; padding-left: 13.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Interest and other financial income</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 4pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(8)</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(15)</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 4pt; padding-left: 9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Adjustments for non-cash items:</B></FONT></TD>
    <TD STYLE="padding-right: 4pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 4pt; padding-left: 13.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Depreciation and amortization </FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">5</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">904</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">814</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 4pt; padding-left: 13.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Share of net profit in Guatemala and Honduras joint ventures</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 4pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(101)</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(137)</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 4pt; padding-left: 13.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(Gain) on disposal and impairment of assets, net </FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">4, 14</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(22)</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(81)</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 4pt; padding-left: 13.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Share based compensation&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 4pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">20</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">22</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 4pt; padding-left: 13.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Loss from other joint ventures and associates, net</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 4pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">31</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 4pt; padding-left: 13.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Other non-cash non-operating (income) expenses, net </FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">6</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">147</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">82</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Changes in working capital:</B></FONT></TD>
    <TD STYLE="padding-right: 4pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; text-align: center">&nbsp;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 4pt; padding-left: 9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Decrease (increase) in trade receivables, prepayments and other current assets, net</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 4pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(90)</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(143)</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 4pt; padding-left: 9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Increase (decrease) in inventories </FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 4pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(18)</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(6)</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 4pt; padding-left: 9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Increase (decrease) in trade and other payables, net</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 4pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">35</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(25)</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 4pt; padding-left: 9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Changes in contract assets, liabilities and costs, net</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 4pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">7</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(1)</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Total changes in working capital </B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="padding-right: 4pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(66)</B></FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(175)</B></FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 4pt; padding-left: 9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Interest paid on leases</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 4pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(111)</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(103)</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 4pt; padding-left: 9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Interest paid on debt and other financing</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 4pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(313)</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(257)</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 4pt; padding-left: 9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Interest received </FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 4pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">8</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">12</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 4pt; padding-left: 9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Taxes paid</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">5</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(108)</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(73)</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 4pt; padding-left: 9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Net cash provided by operating activities </B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="padding-right: 4pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>525</B></FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>532</B></FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 4pt; padding-left: 9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Cash flows from (used in) investing activities (including discontinued operations):</B></FONT></TD>
    <TD STYLE="padding-right: 4pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 4pt; padding-left: 9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Acquisition of subsidiaries, joint ventures and associates, net of cash acquired </FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">3</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">3</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(1,013)</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 4pt; padding-left: 9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Proceeds from disposal of subsidiaries and associates, net of cash disposed</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">4</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">10</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">110</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 4pt; padding-left: 9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Purchase of intangible assets and licenses </FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">9</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(201)</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(144)</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 4pt; padding-left: 9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Purchase of property, plant and equipment </FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">8</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(440)</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(526)</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 4pt; padding-left: 9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Proceeds from sale of property, plant and equipment </FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">8</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">6</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">21</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 4pt; padding-left: 9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Proceeds from disposal of equity investment, net of costs</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">14</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">91</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 4pt; padding-left: 9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Dividends and dividend advances received from joint ventures&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">15</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">67</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">181</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 4pt; padding-left: 9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Cash (used in) provided by other investing activities, net&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 4pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">19</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">14</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 4pt; padding-left: 9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Net cash used in investing activities </B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="padding-right: 4pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(446)</B></FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(1,357)</B></FONT></TD></TR>
</TABLE>

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    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: right; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->6<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="padding-left: 20pt; background-color: rgb(0,6,64); text-align: left; width: 56%; vertical-align: middle"><P STYLE="text-align: left; font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: White">Unaudited Interim Condensed Consolidated Financial Statements<BR> for the three- and nine-month periods ended September 30, 2020&nbsp;</FONT></P></TD><TD STYLE="background-color: rgb(0,6,64); text-align: center; width: 44%"><IMG SRC="image_001.jpg" ALT="">&nbsp;</TD></TR></TABLE><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt"></P></DIV>
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<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #39B8D4"><B>Unaudited interim condensed consolidated
statement of cash flows for the nine-month period ended September 30, 2020 (continued)</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #39B8D4"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 4pt; width: 75%">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; width: 5%">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; width: 10%">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; width: 10%">&nbsp;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 4pt; padding-left: 9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Cash flows from financing activities (including discontinued operations):</B></FONT></TD>
    <TD STYLE="padding-right: 4pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 4pt; padding-left: 9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Proceeds from debt and other financing </FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">10</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">810</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">2,106</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 4pt; padding-left: 9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Repayment of debt and other financing </FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">10</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(783)</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(923)</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 4pt; padding-left: 9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Lease capital repayment</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 4pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(83)</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(82)</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 4pt; padding-left: 9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Advances and dividends paid to non-controlling interests</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 4pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(5)</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(12)</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 4pt; padding-left: 9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Share repurchase program</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 4pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(10)</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 4pt; padding-left: 9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Dividends paid to owners of the Company</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 4pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(133)</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Net cash provided by (used in) financing activities</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="padding-right: 4pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(71)</B></FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>955</B></FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Exchange impact on cash and cash equivalents, net</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 4pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(28)</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(16)</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Net (decrease) increase in cash and cash equivalents </B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="padding-right: 4pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(20)</B></FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>114</B></FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 4pt; padding-left: 4.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Cash and cash equivalents at the beginning of the year</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 4pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">1,164</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">528</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 4pt; padding-left: 4.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Effect of cash in disposal group held for sale </FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">4</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(9)</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 4pt; border-bottom: #A7A7A7 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Cash and cash equivalents at the end of the period</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="padding-right: 4pt; vertical-align: bottom; border-bottom: #A7A7A7 1pt solid">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; border-bottom: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>1,144</B></FONT></TD>
    <TD STYLE="padding-right: 4pt; border-bottom: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>633</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left"><I>(i)</I></TD><TD><I>Restated for the finalization of purchase accounting
for Cable Onda acquisition (see note 3).</I></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">The accompanying notes are an integral part
of these unaudited interim condensed consolidated financial statements</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>


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    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: right; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->7<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="padding-left: 20pt; background-color: rgb(0,6,64); text-align: left; width: 56%; vertical-align: middle"><P STYLE="text-align: left; font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: White">Unaudited Interim Condensed Consolidated Financial Statements<BR> for the three- and nine-month periods ended September 30, 2020&nbsp;</FONT></P></TD><TD STYLE="background-color: rgb(0,6,64); text-align: center; width: 44%"><IMG SRC="image_001.jpg" ALT="">&nbsp;</TD></TR></TABLE><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #39B8D4"><B>Unaudited interim condensed consolidated
statements of changes in equity for the nine-month period ended September 30, 2020 and the nine-month period ended September 30,
2019</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #39B8D4">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2pt; width: 28%; border-top: #A7A7A7 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>in millions of U.S dollars</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 7%; border-top: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Number of shares (000&rsquo;s)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 7%; border-top: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Number of shares held by the Group (000&rsquo;s)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 6%; border-top: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Share capital</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 7%; border-top: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Share premium</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 8%; border-top: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Treasury shares</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 8%; border-top: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Retained profits(i)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 7%; border-top: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Other reserves</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 6%; border-top: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Total</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 9%; border-top: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Non- controlling interests</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 7%; border-top: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Total equity</B></FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Balance on December 31, 2018</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>101,739</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(914)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>153</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>482</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(81)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>2,525</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(538)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>2,542</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>251</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>2,792</B></FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Total comprehensive income for the period(i)</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(73)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(47)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(121)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(23)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(143)</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Dividends</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(268)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(268)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(268)</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Dividends to non controlling interests</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(1)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(1)</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Purchase of treasury shares</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(120)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(11)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">3</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(7)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(7)</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Share based compensation</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">22</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">22</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">1</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">23</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Issuance of shares under share-based payment schemes</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">437</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(2)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">39</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(12)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(24)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">1</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">1</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Balance on September 30, 2019 (ii)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; background-color: white; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>101,739</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; background-color: white; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(596)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; background-color: white; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>153</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; background-color: white; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>480</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; background-color: white; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(53)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; background-color: white; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>2,176</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; background-color: white; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(587)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; background-color: white; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>2,168</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; background-color: white; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>228</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; background-color: white; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>2,396</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Balance on December 31, 2019 (ii)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>101,739</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(581)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>153</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>480</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(51)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>2,372</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(544)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>2,410</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>271</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>2,680</B></FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Total comprehensive income for the period</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(288)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(66)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(355)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(59)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(414)</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Dividends</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Dividends to non controlling interests</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(5)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(5)</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Purchase of treasury shares (iii)</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(467)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(19)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">3</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(16)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(16)</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Share based compensation</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">19</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">19</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">1</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">20</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Issuance of shares under share-based payment schemes </FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">521</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(2)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">40</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(11)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(26)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">1</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">1</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Balance on September 30, 2020</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>101,739</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(526)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>153</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>478</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(30)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>2,076</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(617)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>2,059</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>207</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>2,266</B></FONT></TD></TR>
</TABLE>
<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: white"><I>(i)</I></FONT></TD><TD><FONT STYLE="color: #808285"><I>Retained profits &ndash; includes profit for the period attributable to equity holders, of
which at September 30, 2020, $305 million (2019: $306 million; 2018: $324 million) are not distributable to equity holders. </I></FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: white"><I>(ii)</I></FONT></TD><TD><FONT STYLE="color: #808285"><I>Restated for the finalization of purchase accounting for the latest acquisitions (see note
3).</I></FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: white"><I>(iii)</I></FONT></TD><TD><FONT STYLE="color: #808285"><I>During the nine-month period ended September 30, 2020, Millicom repurchased 350,000 shares
for a total amount of $10 million and withheld approximately 117,000 shares for settlement of tax obligations on behalf of employees
under share-based compensation plans.</I></FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">The accompanying notes are an integral part
of these unaudited interim condensed consolidated financial statements</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="padding-left: 20pt; background-color: rgb(0,6,64); text-align: left; width: 56%; vertical-align: middle"><P STYLE="text-align: left; font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: White">Unaudited Interim Condensed Consolidated Financial Statements<BR> for the three- and nine-month periods ended September 30, 2020&nbsp;</FONT></P></TD><TD STYLE="background-color: rgb(0,6,64); text-align: center; width: 44%"><IMG SRC="image_001.jpg" ALT="">&nbsp;</TD></TR></TABLE><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt"></P></DIV>
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<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #39B8D4"><B>Notes to the unaudited interim condensed
consolidated statements</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #39B8D4">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>1. GENERAL</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">Millicom International Cellular&nbsp;S.A. (the
&ldquo;Company&rdquo; or &ldquo;MIC SA&rdquo;), a Luxembourg Soci&eacute;t&eacute; Anonyme, and its subsidiaries, joint ventures
and associates (the &ldquo;Group&rdquo; or &ldquo;Millicom&rdquo;) is a provider of cable and mobile services dedicated to emerging
markets in Latin America and Africa. Millicom provides high speed broadband and innovation around The Digital Lifestyle&reg; services
through its principal brand, TIGO.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">On October&nbsp;29, 2020, the Board of Directors
authorized these unaudited interim condensed consolidated financial statements for issuance.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>2. SUMMARY OF ACCOUNTING POLICIES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #003A66"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><B><I>I.</I></B></TD><TD><B><I>Basis of presentation</I></B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">These interim condensed consolidated financial
statements of the Group are unaudited. They are presented in US dollars ($) and have been prepared in accordance with International
Accounting Standard (&ldquo;IAS&rdquo;) 34 &lsquo;Interim Financial Reporting&rsquo; as issued by the International Accounting
Standards Board and as adopted by the European Union. In the opinion of management, these unaudited interim condensed consolidated
financial statements reflect all adjustments that are necessary for a proper presentation of the results for interim periods. Millicom&rsquo;s
operations are not affected by significant seasonal or cyclical patterns.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">These unaudited interim condensed consolidated
financial statements should be read in conjunction with the audited consolidated financial statements for the period ended December
31, 2019. These financial statements are prepared in accordance with consolidation and accounting policies consistent with the
December 31, 2019 consolidated financial statements, except for the changes described below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">We have made rounding adjustments to reach some
of the figures included in these unaudited interim condensed consolidated financial statements. Accordingly, numerical figures
shown as totals in some tables may not be an arithmetic aggregation of the figures that preceded them and percentage calculations
using these adjusted figures may not result in the same percentage values as are shown in these unaudited interim condensed consolidated
financial statements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #003A66"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><B><I>II.</I></B></TD><TD><B><I>COVID-19 - Qualitative and quantitative assessment
on business activities, financial situation and economic performance</I></B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285">On March 11, 2020, the
World Health Organization declared the coronavirus outbreak a pandemic. Most countries globally, including a majority of the countries
where we operate, reacted by implementing severe restrictions on travel and public gatherings, including the closing of offices,
businesses, schools, retail stores and other public venues, and by instituting curfews or quarantines. These restrictions, as well
as the dangers posed by the virus, produced a significant reduction in mobility and a severe disruption in global economic activity,
the effect of which was felt in our markets beginning in mid-March 2020.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285"><B><I>Impact on our markets
and business </I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285">Most governments in our
markets implemented restrictions beginning in mid-March, and these were generally maintained throughout April, with some gradual
relaxation of measures beginning in late May and June. According to data compiled by the University of Oxford, the lockdowns in
the vast majority of our markets were among the most stringent in the world. As a result, many of our stores and distribution channels
were forced to close temporarily and a majority of our markets experienced very sharp reductions in mobility during the second
quarter. This produced an immediate and significant decline in our prepaid mobile business. Since then, most of the governments
in the countries in which we operate have gradually eased these restrictions and we have seen a corresponding increase in the mobility
of people. Our prepaid mobile business was affected much faster than postpaid, and recovery has also been significantly quicker.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285">&nbsp;</P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="padding-left: 20pt; background-color: rgb(0,6,64); text-align: left; width: 56%; vertical-align: middle"><P STYLE="text-align: left; font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: White">Unaudited Interim Condensed Consolidated Financial Statements<BR> for the three- and nine-month periods ended September 30, 2020&nbsp;</FONT></P></TD><TD STYLE="background-color: rgb(0,6,64); text-align: center; width: 44%"><IMG SRC="image_001.jpg" ALT="">&nbsp;</TD></TR></TABLE><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #003A66"><B>2. SUMMARY OF ACCOUNTING
POLICIES (Continued)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #003A66">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #003A66"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><B><I>II.</I></B></TD><TD STYLE="text-align: justify"><B><I>COVID-19 - Qualitative and quantitative assessment on business activities, financial situation
and economic performance (continued)</I></B></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285"><B><I>Impact of the crisis
on accounting matters </I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">As a consequence of this crisis, Millicom had
identified potential significant accounting implications in the following areas:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&bull;</TD><TD>Impairment of non-financial assets/goodwill/investments
in joint ventures</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; color: #808285">As a result of
this crisis, Millicom have noticed reduced economic activity across the countries where it operates, and its operations are suffering
lower revenues, EBITDA and margins, which might indicate potential impairments.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; color: #808285">In the third
quarter of the year, our operations have shown encouraging signs of recovery and are actually over performing the forecasts used
by management to carry out the impairment test as of June 30, 2020. The discount rates have also significantly decreased since
the declaration of the outbreak and they have gradually returned to pre-pandemic levels. There were therefore no such indicators
requiring management to carry out another impairment test for Q3.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; color: #808285">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD STYLE="text-align: justify">Impairment of trade receivables</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; color: #808285">During Q2 2020,
and as a result of worsening collections, the Group had recognised additional bad debt provisions for an amount of $32 million
compared to the level of provisions recorded during Q1 2020 (pre-pandemic level) and $33 million compared to Q2 2019. However,
collections have significantly improved during Q3 2020 and bad debt levels have returned to their pre-pandemic level comparing
to Q1 2020. As of September 30, 2020, the total bad debt provisions cover close to 100% of the receivables overdue by more than
90 days.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; color: #808285">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD STYLE="text-align: justify">Revenue recognition</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; color: #808285">For countries
previously restricted from disconnecting non paying customers, such as El Salvador and Bolivia, the Group established a policy
whereby operations stopped recognizing revenue after a certain number of invoices remained unpaid (usually 3 invoices - as these
customers would be disconnected after 3 unpaid invoices in normal circumstances). The Group believed it was unlikely that it would
collect the overdue invoiced amounts from these subscribers i.e. the 'Covid subscribers'. From that moment onwards after consideration
of the guidance under IFRS 15.13, for 'Covid subscribers' the Group had only recognized revenue up to an amount equal to the consideration
(cash) as and when received. Noteworthy, all our operations were finally allowed to apply a Lifeline product for non-paying customers,
with El Salvador and Bolivia being the latest to be able to apply it as from mid-2020.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; color: #808285">As mentioned
above, our markets and operations showed encouraging signs of recovery, and therefore any unrecognized revenue during Q3 has been
offset with the invoicing effect of prior unrecognized revenue. For the nine-month period ended September 30, 2020, the Group invoiced
but unrecognized revenue amounts to $4.2 million,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; color: #808285">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #003A66"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><B><I>III.</I></B></TD><TD><B><I>New and amended IFRS standards</I></B></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">The following changes to standards effective
for annual periods starting on January 1, 2020 have been adopted by the Group and did not have any significant impact on the Group&rsquo;s
accounting policies or disclosures and did not require retrospective adjustments:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>Amendments to the conceptual framework. The IASB has revised its conceptual framework.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>Amendments to IAS 1, &lsquo;Presentation of financial statements&rsquo;, and IAS 8, &lsquo;Accounting policies, changes in
accounting estimates and errors&rsquo;.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>Amendments to IFRS 9, IAS 39 and IFRS 7 - Interest Rate Benchmark Reform.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>Amendments to IFRS 3 - definition of a business. This amendment revises the definition of a business.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>Amendment to IFRS 16, 'Leases' - COVID 19 Rent Concessions - effective for annual periods starting on June 1, 2020. This amendment
provides an optional practical expedient for lessees from assessing whether a rent concession related to COVID-19 is a lease modification.
Lessees can elect to account for such rent concessions in the same way as they would if they were not lease modifications. In many
cases, this will result in accounting for the concession as variable lease payments in the period(s) in which the event or condition
that triggers the reduced payment occurs.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="padding-left: 20pt; background-color: rgb(0,6,64); text-align: left; width: 56%; vertical-align: middle"><P STYLE="text-align: left; font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: White">Unaudited Interim Condensed Consolidated Financial Statements<BR> for the three- and nine-month periods ended September 30, 2020&nbsp;</FONT></P></TD><TD STYLE="background-color: rgb(0,6,64); text-align: center; width: 44%"><IMG SRC="image_001.jpg" ALT="">&nbsp;</TD></TR></TABLE><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt"></P></DIV>
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<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>2. SUMMARY OF ACCOUNTING POLICIES (Continued)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">The following changes to standards not yet effective
are not expected to materially affect the Group:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>IFRS 17, &lsquo;Insurance contracts&rsquo; - effective for annual periods starting on January 1, 2023- IFRS 17 will not have
an impact for the Group. IFRS 17 has not been yet endorsed by the EU.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>Amendments to IFRS 4 'Insurance contracts' (deferral of effective date of IFRS 9) - effective for annual periods starting on
January 1, 2021- These amendments extend the effective date to apply IFRS 9 for insurance contracts to January 1, 2023 in order
to align with the effective date of IFRS 7. These amendments have not been endorsed by the EU and will not have an impact for the
Group.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>Amendments to IAS 1, 'Presentation of Financial Statements' - effective for annual periods starting on January 1, 2023- This
amendment clarifies that liabilities are classified as either current or non-current, depending on the rights that exist at the
end of the reporting period. The amendment also clarifies what IAS 1 means when it refers to the &lsquo;settlement&rsquo; of a
liability. This amendment has not yet been endorsed by the EU.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>Amendments to IFRS 9, IAS 39 and IFRS 7 - Interest Rate Benchmark Reform - Phase 2 - effective for annual periods starting
on January 1, 2021. The amendments address issues that arise during the reform of an interest rate benchmark, including the replacement
of one benchmark with an alternative one. The amendments are still subject to EU endorsement.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>Amendments to</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&#9702;</TD><TD>IFRS 3 'Business Combinations' - Reference to Conceptual Framework</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&#9702;</TD><TD>IAS 16 'Property, Plant and Equipment' - Proceeds before intended use</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&#9702;</TD><TD>IAS 37 'Provisions, Contingent Liabilities and Contingent Assets' - Cost of fulfilling a contract</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&#9702;</TD><TD>Annual improvements to IFRS Standards 2018-2020, affecting IFRS 1, IFRS 9, IFRS 16 and IAS 41</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; color: #808285">All of these amendments are effective
for annual periods starting on January 1, 2022. These amendments have not yet been endorsed by the EU.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; color: #808285">&nbsp;</P>


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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>3. ACQUISITION AND DISPOSAL OF SUBSIDIARIES,
JOINT VENTURES, ASSOCIATES AND OTHER NON-CONTROLLING INTERESTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285"><B><I>Acquisitions 2020</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">There were no acquisitions in 2020.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285"><B><I>Acquisitions 2019 </I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">On February 20, 2019, MIC S.A., Telefonica Centroamerica
and Telefonica S.A. entered into 3 separate share purchase agreements (the &ldquo;Telefonica CAM Acquisitions&rdquo;) pursuant
to which, subject to the terms and conditions contained therein, Millicom agreed to purchase 100% of the shares of Telefonica Moviles
Panama, S.A., a company incorporated under the laws of Panama, from Telefonica Centroamerica (the &ldquo;Panama Acquisition&rdquo;),
100% of the shares of Telefonica de Costa Rica TC, S.A., a company incorporated under the laws of Costa Rica, from Telefonica (the
&ldquo;Costa Rica Acquisition&rdquo;) and 100% of the shares of Telefonia Celular de Nicaragua, S.A., a company incorporated under
the laws of Nicaragua, from Telefonica Centroamerica (the &ldquo;Nicaragua Acquisition&rdquo;). The Telefonica CAM Acquisitions
Share Purchase Agreements contain customary representations and warranties and termination provisions. While Millicom completed
both acquisitions in Nicaragua and Panama, it announced on May 1, 2020 that it had terminated the Share Purchase Agreement in relation
to the Costa Rica Acquisition (see note 11). The aggregate purchase price for the Telefonica Panama and Nicaragua Acquisitions
was $1.08 billion, which have been subject to purchase price adjustments.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">The finalization of the purchase accounting
for the recent acquisitions had an effect on the following financial statements line items on the statement of financial position
as of December 31, 2019:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-top: #A7A7A7 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-top: #A7A7A7 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 2pt; border-top: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Impact of finalization/update of purchase accounting of</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-top: #A7A7A7 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-top: #A7A7A7 1pt solid; padding-left: 2pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; width: 43%; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(in millions of U.S dollars)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 15%; border-bottom: Black 1pt solid; padding-left: 2pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #003A66"><B>December 31, 2019</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #003A66">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #003A66"><B>As reported</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #003A66"></P></TD>
    <TD STYLE="padding-right: 2pt; width: 9%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Nicaragua</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 9%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Panama</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 14%; border-bottom: Black 1pt solid; padding-left: 2pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #003A66"><B>December 31, 2019</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #003A66">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #003A66"><B>Restated</B></P></TD>
    <TD STYLE="padding-right: 2pt; width: 10%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Reason for the change</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>STATEMENT OF FINANCIAL POSITION</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>ASSETS</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Intangible assets, net</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">3,219</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(4)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(20)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">3,195</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(i)</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Property, plant and equipment, net</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">2,883</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">17</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">2,899</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(ii)</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Right-of-use asset (non-current)</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">977</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">34</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">1,012</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(ii)</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Other current assets</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">181</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">4</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">7</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">192</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(iii)</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>LIABILITIES</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Lease liabilities (non-current)</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">967</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">22</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">988</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(ii)</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Lease liabilities (current)</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">97</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">11</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">107</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(ii)</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Deferred tax liabilities</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">279</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">6</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">285</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(iv)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; border-top: #A7A7A7 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; border-top: #A7A7A7 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; border-top: #A7A7A7 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; border-top: #A7A7A7 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; border-top: #A7A7A7 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; border-top: #A7A7A7 1pt solid; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>EQUITY</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Retained profits</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">2,222</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">2,222</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-bottom: #A7A7A7 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Non-controlling interests</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">271</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">271</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-bottom: #A7A7A7 1pt solid; padding-left: 2pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left"><I>(i)</I></TD><TD><I>Impact on goodwill resulting from the adjustments
explained below for Nicaragua and Panama.</I></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285; text-indent: 0.5in"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="background-color: white"><I>(ii)</I></FONT></TD><TD><I>See Panama section below. Mainly relates to lease
accounting policy alignment, final property, plant and equipment step-up and final purchase price adjustment.</I></TD>
</TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="background-color: white"><I>(iii)</I></FONT></TD><TD><FONT STYLE="background-color: white"><I>See Nicaragua
and Panama section below. Reflects the final price adjustment agreed for Nicaragua and Panama.</I></FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285; text-indent: 0.5in"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="background-color: white"><I>(iv)</I></FONT></TD><TD><FONT STYLE="background-color: white"><I>Deferred
tax impact of these previously explained adjustments.</I></FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">The impact of the finalization of Nicaragua
and Panama's purchase accounting on the 2019 Group statement of income is immaterial. Therefore, no adjustments were made in that
respect on comparative figures.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">Further details of Nicaragua and Panama acquisitions
are provided below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="padding-left: 20pt; background-color: rgb(0,6,64); text-align: left; width: 56%; vertical-align: middle"><P STYLE="text-align: left; font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: White">Unaudited Interim Condensed Consolidated Financial Statements<BR> for the three- and nine-month periods ended September 30, 2020&nbsp;</FONT></P></TD><TD STYLE="background-color: rgb(0,6,64); text-align: center; width: 44%"><IMG SRC="image_001.jpg" ALT="">&nbsp;</TD></TR></TABLE><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt"></P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>3. ACQUISITION AND DISPOSAL OF SUBSIDIARIES,
JOINT VENTURES, ASSOCIATES AND OTHER NON-CONTROLLING INTERESTS (Continued)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285"><I>Nicaragua Acquisition</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">This transaction closed on May 16, 2019 after
receipt of the necessary approvals and, since that date, Millicom holds all voting rights in Telefonia Celular de Nicaragua (&quot;Nicaragua&quot;)
and controls it. On the same day, Millicom paid a cash consideration of $437 million, which was adjusted to $430 million as of
December 31, 2019 and finally adjusted to $426 million. For the purchase accounting, Millicom determined the final fair values
of Nicaragua's identifiable assets and liabilities based on transaction and relative fair values. The purchase accounting has been
finalized by May 16, 2020 and has not materially changed since December 31, 2019, with the exception of the final price adjustment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">The final purchase accounting and differences
compared to the provisional fair values reported as at December 31, 2019 are shown below:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 94%; border-collapse: collapse; margin-left: 0.25in">
<TR>
    <TD STYLE="border-top: #828282 1pt solid; padding-right: 2pt; vertical-align: bottom; width: 53%; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="border-top: #828282 1pt solid; padding-right: 2pt; width: 19%; background-color: white; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Provisional Fair values (100%)</B></FONT></TD>
    <TD STYLE="border-top: #828282 1pt solid; padding-right: 2pt; width: 16%; background-color: white; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Final Fair values (100%)</B></FONT></TD>
    <TD STYLE="border-top: #828282 1pt solid; padding-right: 2pt; width: 12%; background-color: white; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Differences</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(in millions of U.S dollars)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Intangible assets (excluding goodwill) (i)</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">131</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">131</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Property, plant and equipment (ii)</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">149</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">149</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Right of use assets (iii)</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">131</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">131</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Other non-current assets</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">2</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">2</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Current assets (excluding cash) (iv)</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">23</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">23</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Trade receivables (v)</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">17</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">17</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Cash and cash equivalents</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">7</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">7</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Total assets acquired</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>459</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>459</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>&mdash;</B></FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Lease liabilities (iii)</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">131</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">131</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Other liabilities (vi)</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">118</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">118</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Total liabilities assumed</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>249</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>249</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>&mdash;</B></FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Fair value of assets acquired and liabilities assumed, net</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>210</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>210</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>&mdash;</B></FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Acquisition price</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">430</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">426</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(4)</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Goodwill</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>220</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>216</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(4)</B></FONT></TD></TR>
</TABLE>
<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.35in; text-align: left"><I>(i)</I></TD><TD><I>Intangible assets not previously recognized at
the date of acquisition, are mainly customer lists for an amount of $81 million, with estimated useful lives ranging from 4 to
10 years. In addition, a fair value step-up of $39 million on the spectrum held by Nicaragua has been recognized, with a remaining
useful life of 14 years.</I></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-indent: -9pt; color: #808285"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.35in; text-align: left"><I>(ii)</I></TD><TD><I>A fair value step-up of $39 million has been recognized
on property, plant and equipment, mainly on the core network ($25 million) and owned buildings ($8 million). The expected remaining
useful lives were estimated at 6-7 years on average.</I></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-indent: -9pt; color: #808285"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.35in; text-align: left"><I>(iii)</I></TD><TD><I>The Group measured the lease liability at the present
value of the remaining lease payments (as defined in IFRS 16) as if the acquired lease were a new lease at the acquisition date.
The right-of-use assets have been adjusted by $7 million to be measured at the same amount as the lease liabilities.</I></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-indent: -9pt; color: #808285"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.35in; text-align: left"><I>(iv)</I></TD><TD><I>Current assets include indemnification assets for
tax contingencies at fair value for an amount of $11 million - see (vi) below.</I></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; color: #808285"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.35in; text-align: left"><I>(v)</I></TD><TD><I>The fair value of trade receivables acquired was
$17 million.</I></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 40.5pt; text-indent: -4.5pt; color: #808285"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.35in; text-align: left"><I>(vi)</I></TD><TD><I>Other liabilities include the fair value of certain
possible tax contingent liabilities for $1 million and a deferred tax liability of $50 million resulting from the above adjustments</I></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-indent: -9pt; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285"><I>Panama Acquisition</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">This transaction closed on August 29, 2019 after
receipt of the necessary approvals and, since that date, Cable Onda, which is 80% owned by Millicom, holds all voting rights in
Telefonica Moviles Panama, S.A. (&quot;Panama&quot;) and controls it. On the same day, Cable Onda paid a cash consideration of
$594 million to acquire 100% of the shares of Panama, finally adjusted to $587 million during Q3 2020. The purchase consideration
also includes potential indemnifications from the sellers (including potential tax and litigation contingencies). No non-controlling
interests are recognized at acquisition date as Cable Onda acquired 100% of the shares of Panama. However, non-controlling interests
are recognized in Panama's results from the date of acquisition.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">For the purchase accounting, Millicom determined
the fair value of Panama's identifiable assets and liabilities based on transaction and relative fair values. During Q2 and Q3
2020, the Group completed the policy alignment and evaluation in respect of the right-of-use assets and lease liabilities, and
the property plant and equipment, as well as their related effect on the final valuation of the fixed assets. The related effects
of these adjustments are shown in the table below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="padding-left: 20pt; background-color: rgb(0,6,64); text-align: left; width: 56%; vertical-align: middle"><P STYLE="text-align: left; font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: White">Unaudited Interim Condensed Consolidated Financial Statements<BR> for the three- and nine-month periods ended September 30, 2020&nbsp;</FONT></P></TD><TD STYLE="background-color: rgb(0,6,64); text-align: center; width: 44%"><IMG SRC="image_001.jpg" ALT="">&nbsp;</TD></TR></TABLE><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt"></P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>3. ACQUISITION AND DISPOSAL OF SUBSIDIARIES,
JOINT VENTURES, ASSOCIATES AND OTHER NON-CONTROLLING INTERESTS (Continued)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">The updated provisional purchase accounting
and differences compared to the provisional fair values reported as at December 31, 2019 are shown below:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 94%; border-collapse: collapse; margin-left: 0.35in">
<TR>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; width: 51%; border-top: #828282 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; width: 20%; border-top: #828282 1pt solid; background-color: white; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Provisional Fair values (100%)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 18%; border-top: #828282 1pt solid; background-color: white; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Final Fair values (100%)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 11%; border-top: #828282 1pt solid; background-color: white; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Differences</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(in millions of U.S dollars)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Intangible assets (excluding goodwill) (i)</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">178</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">182</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">4</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Property, plant and equipment (ii)</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">110</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">127</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">17</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Right of use assets (iii)</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">47</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">81</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">34</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Other non-current assets</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">3</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">3</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Current assets (excluding cash)</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">23</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">23</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Trade receivables (iv)</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">21</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">21</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Cash and cash equivalents</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">10</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">10</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Total assets acquired</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>391</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>446</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>55</B></FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Lease liabilities</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">48</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">81</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">33</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Other debt and financing</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">74</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">74</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Other liabilities (v)</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">101</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">107</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">6</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Total liabilities assumed</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>224</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>262</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>39</B></FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Fair value of assets acquired and liabilities assumed, net</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">167</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">184</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">16</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Acquisition price</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">594</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">587</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(7)</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Goodwill</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>426</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>403</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(23)</B></FONT></TD></TR>
</TABLE>
<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.35in"><I>(i)</I></TD><TD><I>Intangible assets not previously recognized at the date of acquisition, are mainly customer lists for an amount of $55 million,
with estimated useful lives ranging from 3 to 17 years. In addition, a fair value step-up of $7 million on the spectrum held by
Panama has been recognized, with a remaining useful life of 17 years. Finally, a fair value step-up of $3&nbsp;million has been
recognised on certain software.</I></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.35in"><I>(ii)</I></TD><TD><I>A fair value step-up of $17&nbsp;million has been recognized on property, plant and equipment, mainly on the core network
($11&nbsp;million) and owned land and buildings ($4&nbsp;million). The expected remaining useful lives were estimated at 3 to 8
years.</I></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.35in"><I>(iii)</I></TD><TD><I>The accounting policy alignment resulted in an increase in the right-of-use assets and lease liabilities of approximately
$30&nbsp;million. Subsequently, the right-of-use assets have been adjusted by $4&nbsp;million to be measured at the same amount
as the lease liabilities.</I></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.35in; text-align: left"><I>(iv)</I></TD><TD><I>The fair value of trade receivables acquired was $21
million.</I></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.35in; text-align: left"><I>(v)</I></TD><TD><I>Other liabilities include a deferred tax liability
of $21 million resulting from the above adjustments</I></TD>
</TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285"><I>Cable Onda acquisition</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">The Group finalized Cable Onda's purchase accounting
in December 2019 by adjusting the provisional fair values mainly on tangible assets. The impact on the statement of income for
the three- and nine-month periods ended September 30, 2019 was mainly on depreciation as an additional charge was recorded for
$2 million and $6 million, respectively, compared to what the Group reported last year.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="padding-left: 20pt; background-color: rgb(0,6,64); text-align: left; width: 56%; vertical-align: middle"><P STYLE="text-align: left; font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: White">Unaudited Interim Condensed Consolidated Financial Statements<BR> for the three- and nine-month periods ended September 30, 2020&nbsp;</FONT></P></TD><TD STYLE="background-color: rgb(0,6,64); text-align: center; width: 44%"><IMG SRC="image_001.jpg" ALT="">&nbsp;</TD></TR></TABLE><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>4. DISCONTINUED OPERATIONS AND ASSETS HELD
FOR SALE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285"><I>Summary</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">Financial information relating to discontinued
operations for the three- and nine-month periods ended September 30, 2019 are set out below. The figures shown below are after
inter-company eliminations. 2019 figures include Chad only (9 months). There have been no significant movements in 2020 except
for those events disclosed at the bottom of the following tables.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 2pt; width: 76%; border-top: #A7A7A7 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Results from Discontinued Operations ($ millions)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 12%; border-top: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Nine months ended September 30, 2019</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 12%; border-top: gray 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Three months ended September 30, 2019</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Revenue</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">50</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Cost of sales</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(14)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Operating expenses</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(29)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Depreciation and amortization</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(11)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Other operating income (expenses), net</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Gain/(loss) on disposal of discontinued operations</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">74</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Other expenses linked to the disposal of discontinued operations</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(8)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(4)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Operating profit (loss)</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>64</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(4)</B></FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Interest income (expense), net</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(2)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Other non-operating (expenses) income, net</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Profit (loss) before taxes</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>62</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(4)</B></FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Credit (charge) for taxes, net</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(2)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Net profit/(loss) from discontinuing operations</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>60</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(4)</B></FONT></TD></TR>
</TABLE>
<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 2pt; width: 88%; border-top: #A7A7A7 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Cash flows from discontinued operations ($ millions)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 12%; border-top: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Nine months ended September 30, 2019</B></FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Cash from (used in) operating activities, net</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(8)</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Cash from (used in) investing activities, net</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">5</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Cash from (used in) financing activities, net</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">7</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-bottom: #A7A7A7 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Net cash inflows/(outflows)</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>5</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285"><I>Rwanda</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">On January 31, 2018, Millicom completed the
sale of its Rwanda operations to subsidiaries of Bharti Airtel Limited for cash consideration of $51 million. The consideration
included a deferred cash payment of $17 million, which was received in Q1 2020.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285"><I>Chad</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">In August 2020, the Group and the buyer of our
operations in Chad agreed on a final price adjustment of $8&nbsp;million. This price adjustment was disbursed in September 2020
and recorded under the results from discontinued operations in the Group's statement of income.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>5. SEGMENT INFORMATION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">Management determines operating and reportable
segments based on information used by the chief operating decision maker (CODM) to make strategic and operational decisions from
both a business and geographic perspective. The Group&rsquo;s risks and rates of return are predominantly affected by operating
in different geographical regions. The Group has businesses in two main regions: Latin America (&ldquo;Latam&rdquo;) and Africa.
The Latam figures below include Honduras and Guatemala as if they are fully consolidated by the Group, as this reflects the way
management reviews and uses internally reported information to make decisions. Honduras and Guatemala are shown under the Latam
segment. The joint venture in Ghana is not reported as if fully consolidated.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">As from January 1, 2020, Millicom is allocating
corporate costs to each segment based on their contribution to underlying revenue, and only non-recurring costs, such as the M&amp;A-related
fees incurred in 2019, will remain unallocated going forward. This change in presentation has no impact on Group EBITDA.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">In order to facilitate comparisons of September
30, 2020 figures with prior periods, comparative figures have been re-presented to conform with this new segment EBITDA reporting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">Revenue, operating profit (loss), EBITDA and
other segment information for the three- and nine-month periods ended September 30, 2020 and 2019, are as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="padding-right: 2pt; width: 39%; border-top: #A7A7A7 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Nine months ended September 30, 2020</B></FONT><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(in millions of U.S dollars)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 10%; border-top: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Latin America</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 9%; border-top: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Africa</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 10%; border-top: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Unallocated</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 12%; border-top: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Guatemala and Honduras(vii)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 10%; border-top: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Eliminations and&nbsp;&nbsp;</B></FONT><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Transfers</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 10%; border-top: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Total</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Mobile revenue </FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">2,383</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">263</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(1,078)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">1,568</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Cable and other fixed services revenue </FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">1,558</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">6</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(1)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(222)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">1,341</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Other revenue </FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">43</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">1</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(1)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(5)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">38</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Service revenue (i) </B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>3,984</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>269</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(2)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(1,304)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>&mdash;</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>2,947</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Telephone and equipment&nbsp;&nbsp;and other revenue (i) </FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">326</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(190)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">136</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Revenue </B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>4,309</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>269</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(2)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(1,494)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>&mdash;</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>3,083</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Operating profit (loss) </B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>565</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>23</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>11</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(377)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>101</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>323</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Add back:</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Depreciation and amortization </FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">1,170</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">67</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">8</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(341)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">904</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Share of profit in joint ventures in Guatemala and Honduras </FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(101)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(101)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Other operating income (expenses), net </FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(10)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(21)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(1)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(31)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>EBITDA (ii) </B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; background-color: white; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>1,725</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; background-color: white; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>91</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; background-color: white; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(2)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; background-color: white; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(719)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; background-color: white; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>&mdash;</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; background-color: white; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>1,096</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">EBITDA from discontinued operations </FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>EBITDA incl discontinued operations </B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; background-color: white; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>1,725</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; background-color: white; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>90</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; background-color: white; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(2)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; background-color: white; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(719)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; background-color: white; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>&mdash;</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; background-color: white; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>1,095</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Capital expenditure (iii) </FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(692)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(32)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(7)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">191</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(541)</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Changes in working capital and others (iv) </FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">14</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">2</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(24)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(38)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(46)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Taxes paid </FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(196)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(8)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(1)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">97</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(108)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Operating free cash flow (v) </B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; background-color: white; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>852</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; background-color: white; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>52</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; background-color: white; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(33)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; background-color: white; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(470)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; background-color: white; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>&mdash;</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; background-color: white; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>400</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Total Assets (vi)</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>13,185</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>915</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>4,338</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(5,241)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(868)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>12,330</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Total Liabilities</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>8,680</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>945</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>3,598</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(2,155)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(1,004)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>10,063</B></FONT></TD></TR>
</TABLE>

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    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: right; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->16<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="padding-left: 20pt; background-color: rgb(0,6,64); text-align: left; width: 56%; vertical-align: middle"><P STYLE="text-align: left; font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: White">Unaudited Interim Condensed Consolidated Financial Statements<BR> for the three- and nine-month periods ended September 30, 2020&nbsp;</FONT></P></TD><TD STYLE="background-color: rgb(0,6,64); text-align: center; width: 44%"><IMG SRC="image_001.jpg" ALT="">&nbsp;</TD></TR></TABLE><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt"></P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>5. SEGMENT INFORMATION (Continued)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="padding-right: 2pt; width: 39%; border-top: #A7A7A7 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Nine months ended September 30, 2019</B></FONT><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(in millions of U.S dollars)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 9%; border-top: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Latin America</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 10%; border-top: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Africa</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 10%; border-top: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Unallocated</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 12%; border-top: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Guatemala and Honduras (vii)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 10%; border-top: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Eliminations and transfers</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 10%; border-top: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Total</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Mobile revenue </FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">2,398</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">277</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(1,104)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">1,571</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Cable and other fixed services revenue </FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">1,637</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">7</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(206)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">1,438</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Other revenue </FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">37</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(5)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">32</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Service revenue (i) </B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>4,072</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>284</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>&mdash;</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(1,315)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>&mdash;</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>3,041</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Telephone and equipment revenue (i) </FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">315</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(170)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">145</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Revenue </B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>4,387</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>284</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>&mdash;</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(1,485)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>&mdash;</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>3,186</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Operating profit (loss) </B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>734</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>13</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(31)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(408)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>137</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>446</B></FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Add back:</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Depreciation and amortization </FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">1,057</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">72</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">6</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(331)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">803</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Share of profit in joint ventures in Guatemala and Honduras </FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(137)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(137)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Other operating income (expenses), net </FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(9)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(1)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">9</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(6)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(7)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>EBITDA (ii) </B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; background-color: white; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>1,782</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; background-color: white; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>84</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; background-color: white; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(15)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; background-color: white; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(744)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; background-color: white; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>&mdash;</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; background-color: white; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>1,106</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">EBITDA from discontinued operations </FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>EBITDA incl discontinued operations </B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; background-color: white; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>1,782</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; background-color: white; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>84</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; background-color: white; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(15)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; background-color: white; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(744)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; background-color: white; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>&mdash;</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; background-color: white; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>1,106</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Capital expenditure (iii) </FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(776)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(37)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(4)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">189</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(628)</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Changes in working capital and others (iv) </FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(67)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">19</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(89)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(15)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(153)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Taxes paid </FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(147)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(8)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(7)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">89</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(73)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Operating free cash flow (v) </B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; background-color: white; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>792</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; background-color: white; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>58</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; background-color: white; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(115)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; background-color: white; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(482)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; background-color: white; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>&mdash;</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; background-color: white; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>252</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Total Assets (vi)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>13,740</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>953</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>3,606</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(5,668)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(694)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>11,937</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Total Liabilities</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>8,119</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>904</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>4,239</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(2,090)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(1,632)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>9,541</B></FONT></TD></TR>
</TABLE>

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    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: right; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->17<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="padding-left: 20pt; background-color: rgb(0,6,64); text-align: left; width: 56%; vertical-align: middle"><P STYLE="text-align: left; font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: White">Unaudited Interim Condensed Consolidated Financial Statements<BR> for the three- and nine-month periods ended September 30, 2020&nbsp;</FONT></P></TD><TD STYLE="background-color: rgb(0,6,64); text-align: center; width: 44%"><IMG SRC="image_001.jpg" ALT="">&nbsp;</TD></TR></TABLE><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt"></P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>5. SEGMENT INFORMATION (Continued)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="padding-right: 2pt; width: 40%; border-top: gray 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Three months ended September 30, 2020 (in millions of U.S dollars)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 10%; border-top: gray 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Latin America</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 10%; border-top: gray 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Africa</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 10%; border-top: gray 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Unallocated</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 10%; border-top: gray 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Guatemala and Honduras (vii)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 10%; border-top: gray 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Eliminations and transfers</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 10%; border-top: gray 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Total</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Mobile revenue</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">790</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">92</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(360)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">522</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Cable and other fixed services revenue</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">513</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">2</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(76)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">439</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Other revenue</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">15</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(2)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">13</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Service revenue (i)</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>1,318</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>94</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>&mdash;</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(438)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>&mdash;</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>974</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Telephone and equipment revenue (i)</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">126</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(75)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">52</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Revenue</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>1,445</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>94</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>&mdash;</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(512)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>&mdash;</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>1,026</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Operating profit (loss)</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>194</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>9</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(1)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(128)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>22</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>97</B></FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Add back:</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Depreciation and amortization</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">394</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">22</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">2</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(114)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">305</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Share of profit in joint ventures in Guatemala and Honduras</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(22)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(22)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Other operating income (expenses), net</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(7)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">1</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(1)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(9)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; border-bottom: gray 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>EBITDA (ii)</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: gray 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>581</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: gray 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>32</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: gray 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(1)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: gray 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(242)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: gray 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>&mdash;</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: gray 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>371</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">EBITDA from discontinued operations</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>EBITDA incl discontinued operations</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>581</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>32</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(1)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(242)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>&mdash;</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>370</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Capital expenditure (iii)</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(223)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(13)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(2)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">73</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(165)</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Changes in working capital and others (iv)</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(391)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">1</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">451</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(19)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">42</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Taxes paid</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(100)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(3)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">39</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(65)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; border-bottom: gray 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Operating free cash flow (v)</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: gray 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(134)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: gray 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>17</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: gray 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>448</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: gray 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(149)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: gray 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>&mdash;</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: gray 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>183</B></FONT></TD></TR>
</TABLE>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="padding-left: 20pt; background-color: rgb(0,6,64); text-align: left; width: 56%; vertical-align: middle"><P STYLE="text-align: left; font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: White">Unaudited Interim Condensed Consolidated Financial Statements<BR> for the three- and nine-month periods ended September 30, 2020&nbsp;</FONT></P></TD><TD STYLE="background-color: rgb(0,6,64); text-align: center; width: 44%"><IMG SRC="image_001.jpg" ALT="">&nbsp;</TD></TR></TABLE><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt"></P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>5. SEGMENT INFORMATION (Continued)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="padding-right: 2pt; width: 39%; border-top: gray 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Three months ended September 30, 2019</B></FONT><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(in millions of U.S dollars)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 11%; border-top: gray 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Latin America</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 6%; border-top: gray 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Africa</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 10%; border-top: gray 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Unallocated</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 13%; border-top: gray 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Guatemala and Honduras (vii)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 11%; border-top: gray 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Eliminations and transfers</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 10%; border-top: gray 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Total</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Mobile revenue</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">819</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">96</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(364)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">551</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Cable and other fixed services revenue</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">553</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">2</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(70)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">485</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Other revenue</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">12</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(2)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">10</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Service revenue (i)</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>1,383</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>98</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>&mdash;</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(436)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>&mdash;</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>1,046</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Telephone and equipment revenue (i)</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">117</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(65)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">51</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Revenue</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>1,500</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>98</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>&mdash;</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(501)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>&mdash;</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>1,097</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Operating profit (loss)</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>267</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>16</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(17)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(136)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>46</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>176</B></FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Add back:</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Depreciation and amortization</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">358</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">23</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">2</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(111)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">272</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Share of profit in joint ventures in Guatemala and Honduras</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(46)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(46)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Other operating income (expenses), net</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(6)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(1)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">9</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(1)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">1</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; border-bottom: gray 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>EBITDA (ii)</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: gray 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>619</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: gray 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>39</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: gray 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(5)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: gray 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(249)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: gray 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>&mdash;</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: gray 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>404</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">EBITDA from discontinued operations</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(4)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(4)</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>EBITDA incl discontinued operations</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>619</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>34</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(5)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(249)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>&mdash;</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>399</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Capital expenditure (iii)</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(228)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(9)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">53</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(186)</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Changes in working capital and others (iv)</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(5)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">4</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(23)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(15)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(40)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Taxes paid</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(51)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(2)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(1)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">30</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(24)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; border-bottom: gray 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Operating free cash flow (v)</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: gray 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>333</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: gray 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>26</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: gray 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(29)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: gray 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(180)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: gray 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>&mdash;</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: gray 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>150</B></FONT></TD></TR>
</TABLE>
<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.5in"><I>(i)</I></TD><TD><I>Service revenue is Group revenue related to the provision of ongoing services such as monthly subscription fees, airtime
and data usage fees, &#9;&#9; interconnection fees, roaming fees, mobile finance service commissions and fees from other telecommunications
services such as data services, SMS and other value-added services excluding telephone and equipment sales. Revenues from other
sources comprises rental, sub-lease rental income and other non-recurring revenues. The Group derives revenue from the transfer
of goods and services over time and at a point in time. Refer to the table below.</I></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><I>(ii)</I></TD><TD><I>EBITDA is operating profit excluding impairment losses, depreciation and amortization and gains/losses on the disposal of
fixed assets. EBITDA is used by the management to monitor the segmental performance and for capital management.</I></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left"><I>(iii)</I></TD><TD><I>Excluding spectrum and licenses of $95 million (2019:
$43 million) and cash received on tower deals of nil (2019: $21 million).</I></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><I>(iv)</I></TD><TD><I>&lsquo;Changes in working capital and others&rsquo; include changes in working capital as stated in the cash flow statement
as well as share based payments expense and non-cash bonuses.</I></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><I>(v)</I></TD><TD><I>Operating Free Cash Flow is EBITDA less cash capex (excluding spectrum and license costs) less change in working capital,
other non-cash items (share-based payment expense and non-cash bonuses) and taxes paid.</I></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left"><I>(vi)</I></TD><TD><I>Segment assets include goodwill and other intangible
assets.</I></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left"><I>(vii)</I></TD><TD><I>Including eliminations for Guatemala and Honduras as
reported in the Latin America segment.</I></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="padding-left: 20pt; background-color: rgb(0,6,64); text-align: left; width: 56%; vertical-align: middle"><P STYLE="text-align: left; font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: White">Unaudited Interim Condensed Consolidated Financial Statements<BR> for the three- and nine-month periods ended September 30, 2020&nbsp;</FONT></P></TD><TD STYLE="background-color: rgb(0,6,64); text-align: center; width: 44%"><IMG SRC="image_001.jpg" ALT="">&nbsp;</TD></TR></TABLE><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt"></P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>5. SEGMENT INFORMATION (Continued)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">Revenue from contracts with customers from continuing
operations</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2pt; border-top: #A7A7A7 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; border-top: #A7A7A7 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-right: 2pt; border-top: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Nine months ended September 30, 2020</B></FONT></TD>
    <TD COLSPAN="3" STYLE="padding-right: 2pt; border-top: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Nine months ended September 30, 2019</B></FONT></TD>
    <TD COLSPAN="3" STYLE="padding-right: 2pt; border-top: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Three months ended September 30, 2020</B></FONT></TD>
    <TD COLSPAN="3" STYLE="padding-right: 2pt; border-top: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Three months ended September 30, 2019</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; width: 23%; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>in millions of U.S dollars</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 9%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Timing of revenue recognition</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 7%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Latin America</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 5%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Africa</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 5%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Total Group</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 7%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Latin America</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 5%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Africa</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 5%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Total Group</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 7%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Latin America</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 5%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Africa</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 5%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Total Group</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 7%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Latin America</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 5%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Africa</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 5%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Total Group</B></FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Mobile</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Over time</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">1,282</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">177</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">1,459</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">1,270</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">194</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">1,465</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">421</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">60</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">482</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">447</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">68</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">515</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Mobile Financial Services</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Point in time</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">22</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">86</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">108</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">23</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">83</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">105</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">8</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">32</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">40</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">8</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">28</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">36</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Cable and other fixed services</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Over time</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">1,336</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">6</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">1,342</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">1,432</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">7</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">1,438</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">438</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">2</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">439</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">483</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">2</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">485</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Other</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Over time</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">37</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">1</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">38</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">33</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">33</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">13</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">14</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">10</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">10</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Service Revenue</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>2,678</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>269</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>2,947</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>2,757</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>284</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>3,041</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>881</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>94</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>975</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>948</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>98</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>1,046</B></FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Telephone and equipment</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Point in time</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">136</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">136</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">145</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">145</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">51</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">51</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">51</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">51</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Revenue from contracts with customers</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-bottom: #A7A7A7 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>2,814</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>269</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>3,083</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>2,902</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>284</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>3,186</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>932</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>94</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>1,026</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>999</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>98</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>1,097</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>6. OTHER NON-OPERATING (EXPENSES) INCOME,
NET</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">The Group&rsquo;s other non-operating (expenses)
income, net comprised the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; width: 49%; border-top: #A7A7A7 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>in millions of U.S dollars</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 13%; border-top: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Nine months ended September 30, 2020</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 13%; border-top: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Nine months ended September 30, 2019 </B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 13%; border-top: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Three months ended September 30, 2020 </B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 12%; border-top: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Three months ended September 30, 2019</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Change in fair value of derivatives (Note 13)</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(5)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">1</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Change in fair value in investment in Jumia (Note 14)</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(18)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(32)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(89)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Change in fair value in investment in HT (Note 14)</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(22)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">23</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Change in value of call option and put option liability (Note 13)</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">8</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(18)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(4)</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Exchange gains (losses), net (i)</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(113)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(40)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(34)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(40)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Other non-operating income (expenses), net</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">2</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">8</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">6</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Total</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(147)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(82)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: gray 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(10)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: gray 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(127)</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left"><I>(i)</I></TD><TD><I>Exchange losses in 2020 are mainly due to the devaluation
of the Colombia peso against US dollar.</I></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="padding-left: 20pt; background-color: rgb(0,6,64); text-align: left; width: 56%; vertical-align: middle"><P STYLE="text-align: left; font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: White">Unaudited Interim Condensed Consolidated Financial Statements<BR> for the three- and nine-month periods ended September 30, 2020&nbsp;</FONT></P></TD><TD STYLE="background-color: rgb(0,6,64); text-align: center; width: 44%"><IMG SRC="image_001.jpg" ALT="">&nbsp;</TD></TR></TABLE><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>7. EARNINGS PER COMMON SHARE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">Earnings per common share (EPS) attributable
to owners of the Company are comprised as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; width: 52%; border-top: #A7A7A7 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>in millions of U.S dollars</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; width: 12%; border-top: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Nine months ended September 30, 2020</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; width: 12%; border-top: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Nine months ended September 30, 2019(i)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; width: 12%; border-top: gray 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Three months ended September 30, 2020</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; width: 12%; border-top: gray 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Three months ended September 30, 2019(i)</B></FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Basic and Diluted</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Net profit (loss) attributable to equity holders from continuing operations </FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(279)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(133)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(43)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(127)</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Net profit (loss) attributable to equity holders from discontinued operations </FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(9)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">60</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(8)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(4)</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Net profit/(loss)&nbsp;&nbsp;attributable to all equity holders to determine the basic earnings (loss)&nbsp;&nbsp;per share </FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(288)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(73)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(51)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(131)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>in thousands</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Weighted average number of ordinary shares for basic and diluted earnings per share </FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">101,158</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">101,125</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">101,201</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">101,151</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-right: 2pt; border-bottom: gray 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; border-bottom: gray 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; border-bottom: gray 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; border-bottom: gray 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; border-bottom: gray 1pt solid; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>in U.S dollars</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Basic and diluted</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">EPS from continuing operations attributable to owners of the Company </FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(2.76)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(1.32)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(0.42)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(1.25)</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">EPS from discontinued operations attributable to owners of the Company </FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(0.09)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">0.59</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(0.08)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(0.04)</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">EPS for the period attributable to owners of the Company </FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(2.85)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(0.73)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(0.50)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(1.30)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4.5pt; text-indent: 13.5pt; color: #808285">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left"><I>(i)</I></TD><TD><I>Restated as a result of the finalization of the purchase
accounting of Cable Onda(see note 3).</I></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4.5pt; text-indent: 13.5pt; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>8. PROPERTY, PLANT AND EQUIPMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">During the nine-month period ended September
30, 2020, Millicom added property, plant and equipment for $388 million (September 30, 2019: $459 million) and received $6 million
from disposal of property, plant and equipment (September 30, 2019: $21 million).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>9. INTANGIBLE ASSETS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">During the nine-month period ended September
30, 2020, Millicom added intangible assets for $497 million of which $427 million related to acquisition of spectrum and licenses,
and $70 million to additions of other intangible assets (September 30, 2019: $65 million and $63 million, respectively ) and did
not receive any proceeds from disposal of intangible assets (September 30, 2019: nil).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">In December 2019, Telemovil El Salvador S.A.
de C.V. ('Telemovil') acquired spectrum in 50Mhz AWS band and paid an advance of $14 million. On January 8, 2020, Telemovil made
a final payment of $20 million and started using the spectrum.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">In December 2019, Tigo Colombia participated
in an auction launched by the Ministerio de Tecnologias de la Informacion y las Comunicaciones (MINTIC), and acquired licenses
granting the right to use a total of 40 MHz in the 700 MHz band. The 20-year license will expire in 2040. As a result of this auction,Tigo
Colombia has strengthened its spectrum position, which also includes 55 MHz in the 1900 band and 30 MHz of AWS. Tigo Colombia agreed
to a total notional consideration of COP$2.45 billion (equivalent to approximately US$650 million using the September 30, 2020
exchange rate), of which approximately 55% will be payable in cash and 45% in coverage obligations to be met by 2025.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">An initial payment of approximately $33 million
was made in Q2 2020, with the remainder payable in 12 annual installments beginning in 2026 and ending in 2037. The 55% cash portion
bears interest at the Colombia-10 years Treasury Bond rate. In April and May 2020, local management received permission to operate
40 Mhz in the 700 MHz band and accounted for the spectrum at an amount of $388 million corresponding to the net present value of
the future payments, plus other costs directly attributable to this acquisition. The related future interest commitments will be
recognized as interest expense over the next 17 years. The remaining 45% consideration due as coverage obligations are currently
being estimated and will be recognized in the statement of financial position as incurred.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="padding-left: 20pt; background-color: rgb(0,6,64); text-align: left; width: 56%; vertical-align: middle"><P STYLE="text-align: left; font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: White">Unaudited Interim Condensed Consolidated Financial Statements<BR> for the three- and nine-month periods ended September 30, 2020&nbsp;</FONT></P></TD><TD STYLE="background-color: rgb(0,6,64); text-align: center; width: 44%"><IMG SRC="image_001.jpg" ALT="">&nbsp;</TD></TR></TABLE><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>10. FINANCIAL OBLIGATIONS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285"><B><I>A. Debt and financing</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">The most significant movements in debt and financing
for the nine month period ended September 30, 2020 were as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285"><B>El Salvador</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">On June 29, 2020, Telemovil El Salvador, S.A
de C.V. repaid in its entirety $150 million of the principal under a credit agreement dated as of January 12, 2018 entered into
with the Bank of Nova Scotia, as lender, and the Company as guarantor.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285"><B>Honduras</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">On June 1, 2020, the Honduras Cellular executed
a $32 million bank loan agreement in equivalent amount in local currency for a10 year term.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285"><B>Costa Rica</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">On June 29, 2020 Millicom Cable Costa Rica S.A.
partially repaid an amount of $30 million towards its $150 million syndicated credit agreement dated as of April 13, 2018, and
guaranteed by the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285"><B>Paraguay</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">On May 4, 2020, Telef&oacute;nica Celular de
Paraguay, S.A.E., completed the acquisition of another Millicom subsidiary in Paraguay - Mobile Cash Paraguay S.A , and further
on June 30, 2020, the acquisition of Servicios y Productos Multimedia S.A.. Effective as of those dates, these new entities now
form part of the borrower's group for purposes of the $550 million 5.875% Senior Notes due 2027 issued by Telef&oacute;nica Celular
de Paraguay, S.A.E.. Also, as of July 7, 2020 Servicios y Productos Multimedia S.A. became guarantor of the 5.875% Notes due 2027.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285"><B>Guatemala </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">On June 19, 2020, the Guatemala operation entered
into a credit agreement with Banco Industrial for GTQ 500 million (approximately $64 million using the exchange rate as of September
30, 2020) for a 5 year term.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">During Q3 2020, Comcel's board of directors
decided to early redeem the $800 million aggregate principal amount of its outstanding 6.875% Senior Notes due 2024 on November
18, 2020. The redemption was officially announced on October 1, 2020 at a redemption price equal to 102.292% of the principal amount
of the Notes to be redeemed plus accrued and unpaid interest of $16 million, resulting in an aggregate amount of $834 million payable
on November 18, 2020. This redemption is conditional on Comcel obtaining approximately $300 million of local currency (GTQ) financing.
The redemption premium ($18 million) and additional interest ($7 million), as well as the remaining unamortized deferred costs
amounting to $8 million, have been accrued in Comcel's statement of income for the nine-months ended September 30, 2020. The impact
on the Group's statement of income is therefore a $18 million expense (at 55% ownership) recorded on the line &quot;Share of profit
in the joint ventures in Guatemala and Honduras&quot;. As of October 28, 2020, Comcel already obtained the full $300 million of
local currency (GTQ) financing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="padding-left: 20pt; background-color: rgb(0,6,64); text-align: left; width: 56%; vertical-align: middle"><P STYLE="text-align: left; font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: White">Unaudited Interim Condensed Consolidated Financial Statements<BR> for the three- and nine-month periods ended September 30, 2020&nbsp;</FONT></P></TD><TD STYLE="background-color: rgb(0,6,64); text-align: center; width: 44%"><IMG SRC="image_001.jpg" ALT="">&nbsp;</TD></TR></TABLE><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>10. FINANCIAL OBLIGATIONS (Continued)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">Analysis of debt and financing by maturity</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">The total amount of debt and financing is repayable
as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="padding-right: 2pt; border-top: gray 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>in millions of U.S dollars</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 2pt; vertical-align: top; border-top: gray 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>As at September 30, 2020</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 2pt; vertical-align: top; border-top: gray 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>December 31, 2019</B></FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Due within:</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 2pt; vertical-align: top; text-align: right; padding-left: 2pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 2pt; vertical-align: bottom; text-align: right; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; width: 66%; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">One year</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 16%; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">114&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 1%; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; width: 16%; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">186&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 1%; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">One-two years</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">102&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">155&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Two-three years</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">393&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">145&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Three-four years</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">828&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">517&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Four-five years</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">1,258&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">1,085&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">After five years</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">3,210&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">3,884&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-bottom: gray 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Total debt and financing</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: gray 1pt solid; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>5,905&nbsp;</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: gray 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; border-bottom: gray 1pt solid; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>5,972&nbsp;</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: gray 1pt solid; padding-left: 2pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">As at September 30, 2020, the Group's share
of total debt and financing secured by either pledged assets, pledged deposits issued to cover letters of credit or guarantees
was $293 million (December 31, 2019: $464 million).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">In addition to the above, in 2019, MIC Tanzania
Public Limited Company entered into a loan facility agreement, with the Standard Bank of South Africa acting as an agent and a
consortium of banks acting as the original lenders. The facility agreement, maturing in 2025, has an all asset debenture securing
the whole amount, as well as a pledge over the shares of the immediate holding company of the borrower.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">The table below describes the outstanding and
maximum exposure under guarantees and the remaining terms of the guarantees as at September 30, 2020 and December 31, 2019.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2pt; border-top: #A7A7A7 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD COLSPAN="8" STYLE="padding-right: 2pt; border-top: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Bank and financing guarantees (i)</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>in millions of U.S dollars</B></FONT></TD>
    <TD COLSPAN="4" STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>As at September 30, 2020</B></FONT></TD>
    <TD COLSPAN="4" STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>As at December 31, 2019</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Terms</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Outstanding exposure</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Maximum exposure</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Outstanding exposure</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Maximum exposure</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; width: 24%; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">0-1&nbsp;year</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 18%; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">63&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 1%; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; width: 18%; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">63&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 1%; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; width: 17%; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">29&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 1%; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; width: 19%; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">29&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 1%; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">1-3&nbsp;years</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">230&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">230&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">134&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">134&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">3-5&nbsp;years</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">300&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">300&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">More than 5&nbsp;years</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>&mdash;&nbsp;</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>&mdash;&nbsp;</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>&mdash;&nbsp;</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>&mdash;&nbsp;</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Total</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>293&nbsp;</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>293&nbsp;</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>464&nbsp;</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>464&nbsp;</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; padding-left: 2pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left"><I>(i)</I></TD><TD><I>If non-payment by the obligor, the guarantee ensures
payment of outstanding amounts by the Group's guarantor.</I></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">The Group&rsquo;s interest and other financial
expenses comprised the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-top: #A7A7A7 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>in millions of U.S dollars</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 2pt; vertical-align: top; border-top: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Nine months ended September 30, 2020</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 2pt; vertical-align: top; border-top: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Nine months ended September 30, 2019</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 2pt; vertical-align: top; border-top: gray 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Three months ended September 30, 2020</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 2pt; vertical-align: top; border-top: gray 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Three months ended September 30, 2019</B></FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; width: 40%; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Interest expense on bonds and bank financing</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; width: 14%; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(288)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; width: 1%; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; width: 14%; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(255)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; width: 1%; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; width: 14%; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(93)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; width: 1%; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; width: 14%; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(86)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; width: 1%; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Interest expense on leases</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(117)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(113)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(39)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(39)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Early redemption charges</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(10)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Others</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(52)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(28)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(9)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(11)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Total interest and other financial expenses</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(457)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(407)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(141)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(135)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; padding-left: 2pt">&nbsp;</TD></TR>
</TABLE>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="padding-left: 20pt; background-color: rgb(0,6,64); text-align: left; width: 56%; vertical-align: middle"><P STYLE="text-align: left; font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: White">Unaudited Interim Condensed Consolidated Financial Statements<BR> for the three- and nine-month periods ended September 30, 2020&nbsp;</FONT></P></TD><TD STYLE="background-color: rgb(0,6,64); text-align: center; width: 44%"><IMG SRC="image_001.jpg" ALT="">&nbsp;</TD></TR></TABLE><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt"></P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>10. FINANCIAL OBLIGATIONS (Continued)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285"><B><I>B. Lease liabilities</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">In early 2020, and following a change in regulation
in Colombia, lease payments for the use of certain public assets have been significantly decreased. This triggered a lease modification
and a decrease of the related lease liabilities (and right-of-use assets) of approximately $45 million.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">Except for the change above, there have been
no other significant events affecting lease liabilities (and right-of-use assets) during the nine-month period ended September
30, 2020.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>11. COMMITMENTS AND CONTINGENCIES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285"><B><I>Litigation &amp; claims</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">The Company and its operations are contingently
liable with respect to lawsuits, legal, regulatory, commercial and other legal risks that arise in the normal course of business.
As of September 30, 2020, the total amount of claims brought against Millicom and its subsidiaries is $284 million (December 31,
2019: $204 million). The Group's share of the comparable exposure for joint ventures is $7 million (December 31, 2019: $4 million).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">As at September 30, 2020, $43 million has been
provisioned by its subsidiaries for these risks in the consolidated statement of financial position (December 31, 2019: $30 million).
The Group's share of provisions made by the joint ventures was $3 million (December 31, 2019: $3 million). While it is not possible
to ascertain the ultimate legal and financial liability with respect to these claims and risks, the ultimate outcome is not anticipated
to have a material effect on the Group&rsquo;s financial position and operations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt; color: #808285">On May 25, 2020,
as a result of the termination of the Costa Rica acquisition (see Note 3), Telefonica filed a complaint, followed by an amended
complaint on August 3, 2020, against us in the Supreme Court of New York. The amended complaint asserts claims for breach of contract
and alleges, among other things, that we were required to close because the closing conditions specified in the sale and purchase
agreement for the acquisition had been satisfied. The complaint seeks, among other relief, a declaration of Telefonica&rsquo;s
rights, and unspecified damages, costs, and fees. We believe the complaint is without merit and on September 2, 2020, filed a motion
to dismiss the amended complaint. The motion to dismiss is still pending</FONT><FONT STYLE="font-size: 11pt"><B>.</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285"><B><I>Taxation</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">At September 30, 2020, the tax risks exposure
of the Group's subsidiaries is estimated at $310 million, for which provisions of $68 million have been recorded in tax liabilities;
representing the probable amount of eventual claims and required payments related to those risks (December 31, 2019: $300 million
of which provisions of $50 million were recorded). The Group's share of comparable tax exposure and provisions in its joint ventures
amounts to $65 million (December 31, 2019: $49 million) and $7 million (December 31, 2019: $4 million), respectively.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285"><B><I>Capital commitments</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">At September 30, 2020, the Company and its subsidiaries
had fixed commitments to purchase network equipment, land and buildings, other fixed assets and intangible assets of $289 million
of which $259 million are due within one year (December 31, 2019: $122 million of which $102 million are due within one year).
The Group&rsquo;s share of commitments in the joint ventures is $74 million and $71 million. (December 31, 2019: $52 million and
$51 million).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>


<!-- Field: Page; Sequence: 62; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: right; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->24<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="padding-left: 20pt; background-color: rgb(0,6,64); text-align: left; width: 56%; vertical-align: middle"><P STYLE="text-align: left; font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: White">Unaudited Interim Condensed Consolidated Financial Statements<BR> for the three- and nine-month periods ended September 30, 2020&nbsp;</FONT></P></TD><TD STYLE="background-color: rgb(0,6,64); text-align: center; width: 44%"><IMG SRC="image_001.jpg" ALT="">&nbsp;</TD></TR></TABLE><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>12. RELATED PARTY TRANSACTIONS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">The following transactions were conducted with
related parties during the three- and nine-month periods ended September 30, 2020 and September 30, 2019:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-top: #A7A7A7 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>in millions of U.S dollars</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 2pt; vertical-align: top; border-top: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Nine months ended September 30, 2020</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 2pt; vertical-align: top; border-top: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Nine months ended September 30, 2019</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 2pt; vertical-align: top; border-top: gray 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Three months ended September 30, 2020</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 2pt; vertical-align: top; border-top: gray 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Three months ended September 30, 2019</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Expenses</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; width: 48%; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Purchases of goods and services from Miffin</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 12%; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(157)</FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 1%; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; width: 12%; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(156)</FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 1%; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; width: 12%; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(53)</FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 1%; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; width: 12%; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(63)</FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 1%; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Purchases of goods and services from EPM</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(27)</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(28)</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(8)</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(8)</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Lease of towers and related services from HTA (i)</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(20)</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(7)</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Other expenses</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(11)</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(4)</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(4)</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(1)</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-bottom: #A7A7A7 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Total</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(194)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(208)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; border-bottom: gray 1pt solid; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(66)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: gray 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; border-bottom: gray 1pt solid; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(79)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: gray 1pt solid; padding-left: 2pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left"><I>(i)</I></TD><TD><I>HTA ceased to be a related party on October 15, 2019
(note 14).</I></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-top: #A7A7A7 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>in millions of U.S dollars</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 2pt; vertical-align: top; border-top: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Nine months ended September 30, 2020</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 2pt; vertical-align: top; border-top: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Nine months ended September 30, 2019</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 2pt; vertical-align: top; border-top: gray 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Three months ended September 30, 2020</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 2pt; vertical-align: top; border-top: gray 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Three months ended September 30, 2019</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Income / gains</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; width: 49%; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Sale of goods and services to Miffin</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 12%; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">237&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 1%; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; width: 11%; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">222&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 1%; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; width: 12%; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">82&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 1%; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; width: 12%; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">75&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 1%; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Sale of goods and services to EPM</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">11&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">10&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">4&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">4&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Other income / gains</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">2&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">1&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">1&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Total</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>249&nbsp;</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>233&nbsp;</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; border-bottom: gray 1pt solid; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>86&nbsp;</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: gray 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; border-bottom: gray 1pt solid; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>78&nbsp;</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: gray 1pt solid; padding-left: 2pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">As at September 30, 2020 and December 31, 2019,
the Group had the following balances with related parties:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-top: #A7A7A7 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>in millions of U.S dollars</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 2pt; vertical-align: top; border-top: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>As at September 30, 2020</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 2pt; vertical-align: top; border-top: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>As at December 31, 2019</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Liabilities</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; width: 70%; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Payables to Guatemala joint venture(i)</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 13%; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">229&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 1%; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; width: 15%; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">361&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 1%; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Payables to Honduras joint venture(ii)</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">105&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">133&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Payables to EPM</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">14&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">37&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Payables to Panama non-controlling interests</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">1&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-bottom: #A7A7A7 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Total</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; border-bottom: #A7A7A7 1pt solid; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>350&nbsp;</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; border-bottom: #A7A7A7 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; border-bottom: #A7A7A7 1pt solid; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>531&nbsp;</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #A7A7A7 1pt solid">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left"><I>(i)</I></TD><TD><I>Interest bearing shareholder loans of which $219 million
are due after more than one year.</I></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left"><I>(ii)</I></TD><TD><I>Mainly advances for dividends expected to be declared
in 2020 and shareholder loans.</I></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="padding-left: 20pt; background-color: rgb(0,6,64); text-align: left; width: 56%; vertical-align: middle"><P STYLE="text-align: left; font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: White">Unaudited Interim Condensed Consolidated Financial Statements<BR> for the three- and nine-month periods ended September 30, 2020&nbsp;</FONT></P></TD><TD STYLE="background-color: rgb(0,6,64); text-align: center; width: 44%"><IMG SRC="image_001.jpg" ALT="">&nbsp;</TD></TR></TABLE><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>12. RELATED PARTY TRANSACTIONS (Continued)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-top: #A7A7A7 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>in millions of U.S dollars</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 2pt; vertical-align: top; border-top: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>As at September 30, 2020</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 2pt; vertical-align: top; border-top: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>As at December 31, 2019</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Assets</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; width: 65%; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Receivables from Guatemala and Honduras joint ventures</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 16%; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">18&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 1%; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; width: 17%; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">23&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 1%; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Receivables from EPM</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">3&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">3&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Receivables from Cable Onda</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">1&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Receivable from AirtelTigo Ghana (i)</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">45&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">43&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Other accounts receivable</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">5&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">4&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-bottom: #A7A7A7 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Total</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; border-bottom: #A7A7A7 1pt solid; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>72&nbsp;</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; border-bottom: #A7A7A7 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; border-bottom: #A7A7A7 1pt solid; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>73&nbsp;</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; border-bottom: #A7A7A7 1pt solid; padding-left: 2pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left"><I>(i)</I></TD><TD><I>Disclosed under Other non-current assets in the statement
of financial position.</I></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>13. FINANCIAL INSTRUMENTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">Other than the items disclosed below, the fair
values of financial assets and financial liabilities approximate their carrying values as at September 30, 2020 and December 31,
2019:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-top: #A7A7A7 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>in millions of U.S dollars</B></FONT></TD>
    <TD COLSPAN="4" STYLE="padding-right: 2pt; vertical-align: top; border-top: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Carrying value</B></FONT></TD>
    <TD COLSPAN="4" STYLE="padding-right: 2pt; vertical-align: bottom; border-top: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Fair value(i)</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 2pt; vertical-align: top; border-top: gray 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>As at September 30, 2020</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 2pt; vertical-align: top; border-top: gray 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>As at December 31, 2019</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 2pt; vertical-align: top; border-top: gray 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>As at September 30, 2020</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 2pt; vertical-align: top; border-top: gray 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>As at December 31, 2019</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Financial liabilities</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; width: 40%; border-bottom: #A7A7A7 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Debt and financing</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 14%; border-bottom: #A7A7A7 1pt solid; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">5,905&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 1%; border-bottom: #A7A7A7 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; width: 14%; border-bottom: #A7A7A7 1pt solid; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">5,972&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 1%; border-bottom: #A7A7A7 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; width: 14%; border-bottom: #A7A7A7 1pt solid; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">5,999&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 1%; border-bottom: #A7A7A7 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; width: 14%; border-bottom: #A7A7A7 1pt solid; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">6,229&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 1%; border-bottom: #A7A7A7 1pt solid; padding-left: 2pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD></TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left"><I>(i)</I></TD><TD><I>Fair values are measured with reference to Level 1
(for listed bonds) or 2.</I></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285"><B><I>Derivative financial instruments</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285"><I>Currency and interest rate swap contracts
</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">MIC S.A. entered into swap contracts in order
to hedge the foreign currency and interest rate risks in relation to the SEK 2 billion (approximately $211 million) senior unsecured
sustainability bond issued in May 2019. These swaps are accounted for as cash flow hedges as the timing and amounts of the cash
flows under the swap agreements match the cash flows under the SEK bond. Their maturity date is May 2024. The hedging relationship
is highly effective and related fluctuations are recorded through other comprehensive income. At September 30, 2020, the fair values
of the swaps amount to an asset of $0.5 million (December 31, 2019: a liability of $0.2 million).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">Colombia, Bolivia, El Salvador and Costa Rica
operations have also entered into several swap agreements in order to hedge foreign currency and interest rate risks on certain
long term debts. These swaps are accounted for as cash flow hedges and related fair value changes are recorded through other comprehensive
income. At September 30, 2020, the fair values of El Salvador and Costa Rica swaps amount to liabilities of $11 million (December
31, 2019: liabilities of $17 million) and the fair values of Colombia and Bolivia swaps amount to an asset of $1 million (December
31, 2019: nil).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">Interest rate and currency swaps are measured
with reference to Level 2 of the fair value hierarchy</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">There are no other derivative financial instruments
with a significant fair value at September 30, 2020.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285"><B><I>Call and put options - Panama</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">As of September 30, 2020, the put option liability
is valued at $268 million (December 31, 2019: $264 million) (being the higher of the value of the 'Transaction Price' put option
and fair market value - for further details refer to the Group's 2019 consolidated financial statements). Changes in the value
of the put option liability are recorded in the Group's statement of income under 'other non-operating (expenses) income, net'
(see note 6).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">As of September 30, 2020, call options have
a fair value of $12 million (December 31, 2019: nil).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="padding-left: 20pt; background-color: rgb(0,6,64); text-align: left; width: 56%; vertical-align: middle"><P STYLE="text-align: left; font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: White">Unaudited Interim Condensed Consolidated Financial Statements<BR> for the three- and nine-month periods ended September 30, 2020&nbsp;</FONT></P></TD><TD STYLE="background-color: rgb(0,6,64); text-align: center; width: 44%"><IMG SRC="image_001.jpg" ALT="">&nbsp;</TD></TR></TABLE><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>14. EQUITY INVESTMENTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">As at September 30, 2020 and December 31, 2019,
Millicom has the following investments in equity instruments measured at fair value through profit and loss under IFRS 9:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-top: #A7A7A7 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>in millions of U.S dollars</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 2pt; vertical-align: top; border-top: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>September 30, 2020</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 2pt; vertical-align: top; border-top: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>December 31, 2019</B></FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; width: 74%; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Investment in Jumia</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; width: 12%; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; width: 1%; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; width: 12%; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">32&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; width: 1%; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Investment in HT</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">260&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">338&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Equity investment - total</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>260&nbsp;</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>371&nbsp;</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: #A7A7A7 1pt solid; padding-left: 2pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285"><I>Jumia Technologies AG (&ldquo;Jumia&rdquo;)</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">In the course of June 2020, Millicom disposed
of its entire stake in Jumia (approximately 6%) for a total net consideration of $29 million, triggering a net gain on disposal
of $15 million recorded in the statement of income for the nine-month period ended September 30, 2020 under &lsquo;other operating
income (expenses), net&rsquo;. The changes in fair value prior to the disposal were shown under &quot;Other non-operating (expenses)
income, net&quot; (note 6).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285"><I>Helios Towers plc (&ldquo;HT&rdquo;)</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">In June 2020, Millicom disposed of 33 million
shares that it owned in HT for a total net consideration of GBP 49 million ($62 million), triggering a net gain on disposal of
$5 million recorded in the statement of income for the nine-month period ended September 30, 2020 under &lsquo;other operating
income (expenses), net&rsquo;. Following these disposals, Millicom owns a remaining shareholding of 12.8% in HT, valued at $260
million (level 1) at the September 30, 2020 share price (GBP 1.57). The changes in fair value are shown under 'Other non-operating
(expenses) income, net' (see note 6).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>15. INVESTMENTS IN JOINT VENTURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">Joint ventures are businesses over which Millicom
exercises joint control as decisions over the relevant activities of each, such as the ability to upstream cash from the joint
ventures, require unanimous consent of shareholders. Millicom determines the existence of joint control by reference to joint venture
agreements, articles of association, structures and voting protocols of the board of directors of those ventures.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">At September 30, 2020, the equity accounted
net assets of Millicom's joint ventures in Guatemala, Honduras and Ghana totaled $3,085 million (December 31, 2019: $3,346 million).
These net assets do not necessarily represent statutory reserves available for distribution as these include consolidation adjustments
(such as goodwill and previously unrecognized assets and assumed liabilities recognized as part of the purchase accounting). Out
of these reserves, $153 million (December 31, 2019: $142 million) represent statutory reserves that are unavailable to be distributed
to the Group. During the nine-month period ended September 30, 2020, Millicom&rsquo;s joint ventures paid $67 million (December
31, 2019: $237 million) as dividends or dividend advances to the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-top: #A7A7A7 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="padding-right: 2pt; vertical-align: top; border-top: #A7A7A7 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>2020</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>in millions of U.S dollars</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Guatemala(i)</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Honduras (i)</B></FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; width: 74%; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Opening Balance at January 1, 2020</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; width: 12%; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>2,089&nbsp;</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; width: 1%; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; width: 12%; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>708&nbsp;</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; width: 1%; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Capital increase</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Results for the period</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">91&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">10&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Dividends declared during the period</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(199)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(50)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Currency exchange differences</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(3)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">3&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-bottom: #A7A7A7 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Closing Balance at September 30, 2020</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-bottom: #A7A7A7 1pt solid; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>1,978&nbsp;</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-bottom: #A7A7A7 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; border-bottom: #A7A7A7 1pt solid; text-align: right; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>671&nbsp;</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; border-bottom: #A7A7A7 1pt solid; padding-left: 2pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left"><I>(i)</I></TD><TD><I>Share of profit is recognized under &lsquo;Share of
profit in the joint ventures in Guatemala and Honduras&rsquo; in the statement of income.</I></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="padding-left: 20pt; background-color: rgb(0,6,64); text-align: left; width: 56%; vertical-align: middle"><P STYLE="text-align: left; font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: White">Unaudited Interim Condensed Consolidated Financial Statements<BR> for the three- and nine-month periods ended September 30, 2020&nbsp;</FONT></P></TD><TD STYLE="background-color: rgb(0,6,64); text-align: center; width: 44%"><IMG SRC="image_001.jpg" ALT="">&nbsp;</TD></TR></TABLE><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt"></P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>16. IPO &ndash; MILLICOM&rsquo;S OPERATIONS
IN TANZANIA</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">In June 2016, an amendment to the Electronic
and Postal Communications Act (&ldquo;EPOCA&rdquo;) in the Finance Act 2016 required all Tanzanian licensed telecom operators to
sell 25% of the authorized share capital in a public offering on the Dar Es Salaam Stock Exchange. In December 2019, the Group
filed the draft prospectus with the Tanzania Capital Market and Securities Authority with the view to initiate the listing process
in H2 2020.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">The Regulator has since requested that local
Tanzanian operation retains an underwriter to ensure the success of the IPO. Together with its investment bank advisers, the local
Tanzanian operation has been seeking an underwriter active in the Tanzanian and Eastern African markets, a process currently underway.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>17. SUBSEQUENT EVENTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285"><B><I>Revolving Credit Facility</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">On October 15, 2020 Millicom entered into a
5 year, $600 million ESG-linked revolving credit facility (the &quot;Facility&quot;) with a syndicate of 11 commercial banks. This
facility will be used to refinance Millicom's existing multi-currency revolving credit facility which was due to expire in 2022
and for general corporate purposes.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285"><B><I>2031 Senior Notes</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">On October 27, 2020 Millicom completed the issuance
of its 4.5% $500 million senior notes due on 2031 in a private offering, following its proposed offering announcement dated October
19, 2020. The proceeds will be used to redeem Millicom&rsquo;s 6.0% senior notes due 2025 (the &ldquo;2025 Notes&rdquo;) at a redemption
price equal to 103% of the principal amount, plus accrued and unpaid interest. Pursuant to the notice of redemption delivered on
October 19, 2020, the 2025 Notes will be redeemed on October 29, 2020.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD COLSPAN="3">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>MILLICOM INTERNATIONAL CELLULAR S.A.</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Registrant)&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>By:</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid">/s/ Salvador Escalon</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 45%">&nbsp;</TD>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 5%">Name:</TD>
    <TD STYLE="width: 41%">Salvador Escalon</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Title:</TD>
    <TD>Executive Vice President, General Counsel</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">Date: October 30, 2020</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">&nbsp;</P>


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