<SEC-DOCUMENT>0000950103-22-003743.txt : 20220302
<SEC-HEADER>0000950103-22-003743.hdr.sgml : 20220302
<ACCEPTANCE-DATETIME>20220301214357
ACCESSION NUMBER:		0000950103-22-003743
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20220301
FILED AS OF DATE:		20220302
DATE AS OF CHANGE:		20220301

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:		22701146

	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>dp168073_6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
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<!-- Field: Rule-Page --><DIV STYLE="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 3.5pt solid; border-bottom: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 14pt 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"></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"></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: 14pt 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<BR>
</B></P>

<P STYLE="font: 18pt 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"></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"></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: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: -6.85pt">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">For the month of March, 2022.</P>

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

<HR SIZE="2" NOSHADE ALIGN="CENTER" STYLE="width: 21%; color: black">

<P STYLE="font: 14pt 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"><B>Commission File Number: 001-38763</B></P>

<P STYLE="font: 14pt 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 CELLULAR S.A.</B>&nbsp;</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>&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>L-1249 Luxembourg</B>&nbsp;</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"></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: 44%; 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"><FONT STYLE="font-size: 10pt">Form 20-F</FONT></TD>
    <TD STYLE="width: 14%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.5pt solid">X&nbsp;&nbsp;</P></TD>
    <TD STYLE="width: 15%; font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 28%; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">Form 40-F</FONT></TD>
    <TD STYLE="width: 14%">
&nbsp;<!-- Field: Rule-Page --><DIV STYLE="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 0.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --></TD></TR>
  </TABLE>
<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 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: 44%; 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"><FONT STYLE="font-size: 10pt">Yes</FONT></TD>
    <TD STYLE="width: 14%">
&nbsp;<!-- Field: Rule-Page --><DIV STYLE="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 0.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --></TD>
    <TD STYLE="width: 15%; font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 28%; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">No</FONT></TD>
    <TD STYLE="width: 14%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.5pt solid">X&nbsp;</P></TD></TR>
  </TABLE>
<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 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: 44%; 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"><FONT STYLE="font-size: 10pt">Yes</FONT></TD>
    <TD STYLE="width: 14%">
&nbsp;<!-- Field: Rule-Page --><DIV STYLE="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 0.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --></TD>
    <TD STYLE="width: 15%; font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 28%; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">No</FONT></TD>
    <TD STYLE="width: 14%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.5pt solid">X&nbsp;</P></TD></TR>
  </TABLE>
  <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">&nbsp;</P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 3.5pt solid; border-bottom: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->


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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<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"><I>Millicom International Cellular S.A. acknowledges and agrees that
the information in this Form 6-K shall be deemed &ldquo;filed&rdquo; for purposes of Section 18 of the Securities Exchange Act of 1934,
as amended, and may, subject to compliance with relevant rules and regulations, be incorporated by reference into subsequent filings made
with the U.S. Securities and Exchange Commission.</I></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">INDEX TO EXHIBITS</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: 0.5in"></TD><TD STYLE="width: 0.25in">1.</TD><TD>Tigo Guatemala Companies Combined Financial Statements for the years ended December 31, 2020 and 2019</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: 0.5in"></TD><TD STYLE="width: 0.25in">2.</TD><TD>Tigo Guatemala Companies Unaudited Interim Condensed Combined Financial Statements as of September 30, 2021 and December 31, 2020
and for the nine-months periods ended September 30, 2021 and 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: 0.5in"></TD><TD STYLE="width: 0.25in">3.</TD><TD>Millicom International Cellular S.A. Unaudited Pro Forma Condensed Combined Statement of Income for the year ended December 31, 2021</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: 0.5in"></TD><TD STYLE="width: 0.25in">4.</TD><TD>Consent of Ernst &amp; Young S.A.</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="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">I<B>tem 1</B></P>

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

<P STYLE="color: #00245D; font: 28pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in">&nbsp;</P>

<P STYLE="font: 28pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0 0pt 0.25in"><B>Tigo Guatemala Companies</B></P>

<P STYLE="color: #00245D; font: 28pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in"></P>

<P STYLE="color: #00245D; font: 28pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in"><B>Combined Financial Statements </B></P>

<P STYLE="color: #00245D; font: 28pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in"></P>

<P STYLE="color: #00245D; font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in"><B>For the years ended December 31, 2020
and 2019</B></P>

<P STYLE="color: #00245D; font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in">&nbsp;</P>

<P STYLE="color: #00245D; font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in">January 22, 2022</P>

<P STYLE="color: #00245D; font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in">&nbsp;</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="color: #42C4DD; font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>INDEX TO COMBINED FINANCIAL STATEMENTS</B></P>

<P STYLE="color: #42C4DD; font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: top; width: 92%; color: #00245D"><FONT STYLE="color: #00245D">Audited Combined Financial Statements of Tigo Guatemala Companies for the Years ended December 31, 2020 and 2019.</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 8%; text-align: center; color: #00245D">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; color: #00245D">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #00245D">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; color: #00245D"><FONT STYLE="color: #00245D">Audit Report on the Combined Financial Statements&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #00245D">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; color: #00245D"><FONT STYLE="color: #00245D">Combined Income Statements for the years ended December 31, 2020 and 2019&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #00245D"><FONT STYLE="color: #00245D">6</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; color: #00245D"><FONT STYLE="color: #00245D">Combined Statements of Comprehensive Income for the years ended December 31, 2020 and 2019</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #00245D"><FONT STYLE="color: #00245D">7</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; color: #00245D"><FONT STYLE="color: #00245D">Combined Statements of Financial Position as of December 31, 2020 and 2019</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #00245D"><FONT STYLE="color: #00245D">8-9</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; color: #00245D"><FONT STYLE="color: #00245D">Combined Statements of Cash Flows for the years ended December 31, 2020 and 2019</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #00245D"><FONT STYLE="color: #00245D">10</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; color: #00245D"><FONT STYLE="color: #00245D">Combined Statements of Changes in Equity for the years ended December 31, 2020 and 2019</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #00245D"><FONT STYLE="color: #00245D">11</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; color: #00245D"><FONT STYLE="color: #00245D">Notes to the Combined Financial Statements&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #00245D"><FONT STYLE="color: #00245D">12-52</FONT></TD></TR>
  </TABLE>

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

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<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D; text-align: left"><IMG SRC="image_001.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D; text-align: center"><B>Report of Independent Auditors</B></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="color: #002060; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>To the Shareholders and the Board of Directors of
</B></P>

<P STYLE="color: #002060; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

<P STYLE="color: #002060; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Tigo Guatemala Companies</B></P>

<P STYLE="color: #002060; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: #002060; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">We have audited the accompanying
combined financial statements of Tigo Guatemala Companies, which comprise the combined statements of financial position as of December
31, 2020 and 2019, and the related income statements and statements of comprehensive income, changes in equity and cash flows for the
years then ended, and the related notes to the combined financial statements.</P>

<P STYLE="color: #002060; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #002060; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><I>Management&rsquo;s Responsibility
for the Financial Statements</I></P>

<P STYLE="color: #002060; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #002060; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">Management is responsible for the
preparation and fair presentation of these combined financial statements in conformity with International Financial Reporting Standards
as issued by the International Accounting Standards Board; this includes the design, implementation and maintenance of internal control
relevant to the preparation and fair presentation of the combined financial statements that are free of material misstatement, whether
due to fraud or error.</P>

<P STYLE="color: #002060; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #002060; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><I>Auditor&rsquo;s Responsibility</I></P>

<P STYLE="color: #002060; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #002060; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">Our responsibility is to express
an opinion on these combined financial statements based on our audits. We conducted our audits in accordance with auditing standards generally
accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about
whether the financial statements are free of material misstatement.</P>

<P STYLE="color: #002060; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #002060; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">An audit involves performing procedures
to obtain audit evidence about the amounts and disclosures in the combined financial statements. The procedures selected depend on the
auditor&rsquo;s judgment, including the assessment of the risks of material misstatement of the combined financial statements, whether
due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity&rsquo;s preparation
and fair presentation of the combined financial statements in order to design audit procedures that are appropriate in the circumstances,
but not for the purpose of expressing an opinion on the effectiveness of the entity&rsquo;s internal control. Accordingly, we express
no such opinion.</P>

<P STYLE="color: #002060; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #002060; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">An audit also includes evaluating
the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by Management, as well
as evaluating the overall presentation of the combined financial statements.</P>

<P STYLE="color: #002060; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #002060; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">We believe that the audit evidence
we have obtained is sufficient and appropriate to provide a basis for our audit opinion.</P>

<P STYLE="color: #002060; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="color: #002060; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #002060; margin: 0pt 0"><B>&nbsp;<IMG SRC="image_002.jpg" ALT=""></B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #002060"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #002060"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #002060"><B>To the Shareholders and the Board of Directors of
</B></P>

<P STYLE="color: #002060; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

<P STYLE="color: #002060; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Tigo Guatemala Companies</B></P>

<P STYLE="color: #002060; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

<P STYLE="color: #002060; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Page 2</B></P>

<P STYLE="color: #002060; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: #002060; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><I>Opinion</I></P>

<P STYLE="color: #002060; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #002060; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">In our opinion, the combined financial
statements referred to above present fairly, in all material respects, the combined financial position of Tigo Guatemala Companies at
December 31, 2020 and 2019, and the combined results of its operations and its cash flows for the years then ended in conformity with
International Financial Reporting Standards as issued by the International Accounting Standards Board.</P>

<P STYLE="color: #002060; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0">/s/ Ernst &amp; Young</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D">Ernst &amp; Young, S.A.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">Guatemala City, January 22, 2022</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">A-006-2022</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">&nbsp;</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Tigo Guatemala Companies - Combined Financial Statements</B></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; border-bottom: Black 0.5pt solid"><B>For the years
ended December 31, 2020 and 2019&nbsp;</B></P>

<P STYLE="font: bold 14pt Arial, Helvetica, Sans-Serif; color: #42C4DD; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: bold 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #42C4DD">Combined Income Statements for the years ended
December 31, 2020 and 2019</P>

<P STYLE="color: #42C4DD; font: bold 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #42C4DD">
    <TD STYLE="padding-right: 3pt; width: 62%; border: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>US$ &lsquo;000</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 8%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>Notes</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 17%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>2020</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 13%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>2019</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E"><B>Revenue from contracts with customers</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">5</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E"><B>1,502,514</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E"><B>1,432,793</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">Cost of sales</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">(359,889)</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">(335,349)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E"><B>Gross profit</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">5</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E"><B>1,142,625</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E"><B>1,097,444</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">Operating expenses</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">(364,749)</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">(350,472)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">Depreciation &amp; amortization</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">(237,064)</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">(226,662)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">Other operating income (expenses), net</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">(3,566)</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">(6,773)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E"><B>Operating profit</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">5</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E"><B>537,246</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E"><B>513,537</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">Interest expense</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">16</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">(114,296)</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">(90,051)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">Interest and other financial income</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">18,951</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">24,496</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">Foreign exchange gain (loss), net</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">(8,199)</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">(6,865)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E"><B>Profit before taxes</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E"><B>433,702</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E"><B>441,117</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">Charge for taxes, net</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">7</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">(83,231)</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">(78,418)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: Black 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E"><B>Net profit for the period</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: Black 1pt solid; text-align: center; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; border-bottom: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E"><B>350,471</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; border-bottom: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E"><B>362,699</B></FONT></TD></TR>
  </TABLE>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">The accompanying notes are an integral part of these
combined financial statements.</P>

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

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Tigo Guatemala Companies &ndash; Combined Financial
Statements</B></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; border-bottom: Black 0.5pt solid"><B>As of December
31, 2020 and 2019 and for the years ended December 31, 2020 and 2019&nbsp;</B></P>

<P STYLE="font: bold 14pt Arial, Helvetica, Sans-Serif; color: #42C4DD; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: bold 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #42C4DD">Combined Statements of Comprehensive Income for
the years ended December 31, 2020 and 2019</P>

<P STYLE="color: #42C4DD; font: bold 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #42C4DD">
    <TD STYLE="padding-right: 3pt; width: 69%; border: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>US$ &lsquo;000</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 17%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>2020</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 14%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>2019</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Net profit for the period</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">350,471</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">362,699</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B><I>Other comprehensive income, net of tax:</I></B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><I>Item that may be reclassified to the income statement in subsequent periods</I></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Exchange differences on translation of operations to the US dollars reporting currency</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(4,540)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">2,695 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Total comprehensive income for the period</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>345,931</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>365,394</B></FONT></TD></TR>
  </TABLE>

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

<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The accompanying
notes are an integral part of these combined financial statements.</FONT></P>

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

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<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Tigo Guatemala Companies - Combined Financial Statements</B></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; border-bottom: Black 0.5pt solid"><B>As of December
31, 2020 and 2019 &nbsp;</B></P>

<P STYLE="font: bold 14pt Arial, Helvetica, Sans-Serif; color: #42C4DD; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: bold 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #42C4DD">Combined Statements of Financial Position as of
December 31, 2020 and 2019</P>

<P STYLE="color: #42C4DD; font: bold 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #42C4DD">
    <TD STYLE="padding-right: 3pt; width: 63%; border: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>US$ &lsquo;000</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 8%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>Notes</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 14%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>December 31,<BR>
2020</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 15%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>December 31,<BR>
2019</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>ASSETS</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>NON-CURRENT ASSETS</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Intangible assets, net</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">8</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">279,443</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">211,002</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Property, plant and equipment, net</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">9</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">533,175</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">548,675</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Right of use assets, net</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">10</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">214,785</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">238,812</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Contract costs, net</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">2,146</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">2,438</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Deferred tax assets</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">7</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">25,275</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">19,973</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Amounts due from related parties</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">25</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">50,010</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">317,010</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Income tax assets</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">7</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">4,134</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">6,651</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Supplier advances for capital expenditure</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">7,327</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">4,623</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Other non-current assets</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">2,793</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">2,989</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>TOTAL NON-CURRENT ASSETS</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>1,119,088</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>1,352,173</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>CURRENT ASSETS</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Inventories</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">11</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">25,767</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">32,909</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Trade receivables, net</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">12</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">51,748</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">45,538</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Contract assets, net</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">12</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">58,333</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">65,111</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; background-color: white; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Amounts due from related parties</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">25</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">367,447</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">338,419</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Prepayments</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">3,803</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">3,737</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Other current assets</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">23,812 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">18,604</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Restricted cash</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">13</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">7,105</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">6,006</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Cash and cash equivalents</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">13</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">188,542</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">189,130</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>TOTAL CURRENT ASSETS</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>726,557</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>699,454</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>TOTAL ASSETS</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>1,845,645</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>2,051,627</B></FONT></TD></TR>
  </TABLE>

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

<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The accompanying
notes are an integral part of these combined financial statements.</FONT></P>

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

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Tigo Guatemala Companies - Combined Financial Statements</B></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; border-bottom: Black 0.5pt solid"><B>As of December
31, 2020 and 2019 &nbsp;</B></P>

<P STYLE="font: bold 14pt Arial, Helvetica, Sans-Serif; color: #42C4DD; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: bold 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #42C4DD">Combined Statements of Financial Position as of
December 31, 2020 and 2019 (Continued)</P>

<P STYLE="color: #42C4DD; font: bold 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #42C4DD">
    <TD STYLE="padding-right: 3pt; width: 60%; border: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>US$ &lsquo;000</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 8%; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>Notes</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 16%; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>December 31,<BR>
2020</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 16%; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>December 31,<BR>
2019</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>EQUITY AND LIABILITIES </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>EQUITY</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Share capital and premium</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">14</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">8,219</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">8,219</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Equity contribution reserve</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">13,070</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">12,781</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Other reserves</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">86,277</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">90,817</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Retained earnings</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">471,791</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">483,817</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>TOTAL EQUITY</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>579,357</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>595,634</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>LIABILITIES</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Non-current liabilities</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Other debt and financing</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">16</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">413,404</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">929,208</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Lease liabilities</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">2.23</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">205,255</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">221,976</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Provisions and other non-current liabilities</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">21</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">51,018</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">49,900</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Deferred tax liabilities</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">7</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">11,002</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">11,680</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Total non-current liabilities</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>680,679</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>1,212,764</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Current liabilities</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Lease liabilities</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">2.23</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">24,035</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">20,592</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Amounts due to related parties</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">25</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">367,095</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">14,353</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Payables and accruals for capital expenditure</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">17</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">32,464</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">51,208</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Trade payables</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">18</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">25,660</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">32,682</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Accrued interest and other expenses</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">19</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">53,608</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">66,598</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Current income tax liabilities</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">7</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">14,914</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">8,383</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Contract liabilities</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">20</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">35,959</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">34,636</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Provisions and other current liabilities</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">21</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">31,874</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">14,777</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Total current liabilities</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>585,609</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>243,229</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>TOTAL LIABILITIES</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>1,266,288</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>1,455,993</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>TOTAL EQUITY AND LIABILITIES</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>1,845,645</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>2,051,627</B></FONT></TD></TR>
  </TABLE>

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

<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The accompanying
notes are an integral part of these combined financial statements.</FONT></P>

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

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<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Tigo Guatemala Companies - Combined Financial Statements</B></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; border-bottom: Black 0.5pt solid"><B>For the years
ended December 31, 2020 and 2019&nbsp;</B></P>

<P STYLE="font: bold 14pt Arial, Helvetica, Sans-Serif; color: #42C4DD; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: bold 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #42C4DD">Combined Statements of Cash Flows for the year
ended December 31, 2020 and 2019</P>

<P STYLE="color: #42C4DD; font: bold 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #42C4DD">
    <TD STYLE="padding-right: 3pt; width: 63%; border: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>US$ &lsquo;000</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 8%; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>Notes</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 14%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>December 31, <BR>
2020</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 15%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>December 31,<BR>
2019</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Cash flows from operating activities</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Profit before taxes</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>433,702 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>441,117 </B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Adjustments to reconcile to net cash:</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; text-indent: 10pt; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Interest expense </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">114,296 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">90,051 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; text-indent: 10pt; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Interest and other financial income</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(18,951)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(24,496)</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; text-indent: 10pt; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Foreign exchange loss </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">8,199 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">6,865 </FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Adjustments for non-cash items:</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; text-indent: 10pt; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Depreciation and amortization </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">8,9,10</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">237,064 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">226,662 </FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; text-indent: 10pt; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Loss on disposal and impairment of assets </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">5</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">3,146 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">4,734 </FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; text-indent: 10pt; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Income tax risk provisions </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">&nbsp;&mdash; </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">1,232 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; background-color: white; text-indent: 10pt; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Share-based compensation </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; background-color: white; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">15</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">289 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; background-color: white; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">738 </FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>777,745 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>746,903 </B></FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; padding-left: 3pt; color: #00245D"><FONT STYLE="color: #00245D">Increase
    in trade receivables, prepayments, contract assets and other current
    assets</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(8,980)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(5,035)</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; text-indent: 10pt; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Decrease/(increase) in inventories</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">6,896 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(7,592)</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; padding-left: 3pt; text-indent: 2.4pt; color: #00245D"><FONT STYLE="color: #00245D">Increase in trade payables, contract liabilities, and other payables</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">2,226 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">10,228 </FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Changes in working capital</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>142 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>(2,399)</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; background-color: white; text-indent: 10pt; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Interest paid on debt and other financing</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; background-color: white; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; background-color: white; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(86,455)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(64,933)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; background-color: white; text-indent: 10pt; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Interest paid on leases</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; background-color: white; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; background-color: white; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(20,259)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(19,189)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; background-color: white; text-indent: 10pt; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Interest received </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; background-color: white; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">17,337 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; background-color: white; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">22,414 </FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; text-indent: 10pt; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Taxes paid </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(81,675)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(78,803)</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Net cash provided by operating activities</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>606,835 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>603,993 </B></FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Cash flows from investing activities:</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; text-indent: 10pt; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Purchase of property, plant and equipment</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">9</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(179,323)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(156,891)</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; text-indent: 10pt; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Purchase of intangible assets</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">8</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(107,300)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(52,302)</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; text-indent: 10pt; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Proceeds from sale of property, plant and equipment</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">326 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">355 </FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; text-indent: 10pt; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Proceeds from sale of intangibles </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">11 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">686 </FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; text-indent: 10pt; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Net increase in restricted cash </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(1,099)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(212)</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Net cash used by investing activities</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>(287,385)</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>(208,364)</B></FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Cash flows from financing activities</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; background-color: white; text-indent: 10pt; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Debt and other financing</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; background-color: white; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">631,592 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; background-color: white; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">&nbsp;&mdash; </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; background-color: white; text-indent: 10pt; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Repayment of debt and other financing</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; background-color: white; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(798,632)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; background-color: white; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">&nbsp;&mdash; </FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; text-indent: 10pt; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Loans granted to shareholders</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(80,000)</FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(367,000)</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; text-indent: 10pt; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Repayment of leases (capital component)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(25,867)</FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(24,647)</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; text-indent: 10pt; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Income tax withheld on dividends paid</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">22</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(18,061)</FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(15,482)</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; text-indent: 10pt; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Payment of dividends</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">22</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(21,718)</FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(13,110)</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Net cash used by financing activities</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>(312,686)</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>(420,239)</B></FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; text-indent: 10pt; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Exchange losses on cash and cash equivalents, net</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(7,352)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(344)</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Net decrease in cash and cash equivalents</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>(588)</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>(24,954)</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Cash and cash equivalents at the beginning of the year</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">189,130 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">214,084</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Cash and cash equivalents at the end of the year</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>188,542 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>189,130</B></FONT></TD></TR>
  </TABLE>
<P STYLE="color: #42C4DD; font: bold 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; font: 14pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt">The
accompanying notes are an integral part of these combined financial statements.</FONT></P>

<P STYLE="font: bold 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #42C4DD">&nbsp;</P>

<P STYLE="font: bold 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #42C4DD"></P>

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<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Tigo Guatemala Companies - Combined Financial Statements</B></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; border-bottom: Black 0.5pt solid"><B>For the years
ended December 31, 2020 and 2019&nbsp;</B></P>

<P STYLE="font: bold 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #42C4DD">&nbsp;</P>

<P STYLE="font: bold 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #42C4DD">Combined Statements of Changes in Equity for the
years ended December 31, 2020 and 2019</P>

<P STYLE="color: #42C4DD; font: bold 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #42C4DD">
    <TD STYLE="padding-right: 3pt; width: 45%; border: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>US$ &lsquo;000</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 9%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>Share<BR>
capital<BR>
(000's)</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 14%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>Equity<BR>
Contribution<BR>
Reserve (i)<BR>
(000&rsquo;s)</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 10%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>Other<BR>
reserves<BR>
(ii)<BR>
(000&rsquo;s)</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 11%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>Retained<BR>
earnings<BR>
(000&rsquo;s)</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 11%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>Total<BR>
equity<BR>
(000's)</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E"><B>At January 1, 2019</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E"><B>8,219 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E"><B>12,043 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E"><B>88,122 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E"><B>430,691 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E"><B>539,075 </B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E"><I>Profit for the period&hellip;</I></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">362,699 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">362,699 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E"><I>Currency translation differences</I></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">2,695 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">2,695 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">Total comprehensive income for the period</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">2,695 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">362,699 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">365,394 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">Dividends </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">(309,573)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">(309,573)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">Share based compensation</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">738 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">738 </FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 3pt; border: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E"><B>At December 31, 2019</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E"><B>8,219 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E"><B>12,781 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E"><B>90,817 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E"><B>483,817 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E"><B>595,634 </B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E"><I>Profit for the period</I></FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">350,471 </FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">350,471 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E"><I>Currency translation differences</I></FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-right: #00245D 1pt solid; background-color: white; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">(4,540)</FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">(4,540)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">Total comprehensive income for the period</FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">(4,540)</FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">350,471 </FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">345,931 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">Dividends (iii)</FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">(362,497)</FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">(362,497)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">Share based compensation</FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">289 </FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">289 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E"><B>At December 31, 2020</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E"><B>8,219 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E"><B>13,070 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E"><B>86,277 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E"><B>471,791 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E"><B>579,357 </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 Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #00245D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><I>(i)</I></TD><TD><I>Equity contribution reserve is made up only of share-based compensation &ndash; see note 15.</I></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: #00245D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><I>(ii)</I></TD><TD><I>Other reserves include legal reserves of $86 million and currency translation differences for $4.5 million in 2020 (2019: $2.7
million). Legal reserves are not distributable.</I></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: #00245D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><I>(iii)</I></TD><TD><I>Dividends &ndash; see note 22.</I></TD></TR></TABLE>

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

<P STYLE="text-align: center; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt">The
accompanying notes are an integral part of these combined financial statements.</P>

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


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<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Tigo Guatemala Companies - Combined Financial Statements</B></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; border-bottom: Black 0.5pt solid"><B>As of December
31, 2020 and 2019 and for the years ended December 31, 2020 and 2019&nbsp;</B></P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; color: #42C4DD; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #42C4DD">Notes to the Combined Financial Statements for
the year ended December 31, 2020</P>

<P STYLE="color: #42C4DD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #42C4DD"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>1.</B></TD><TD STYLE="text-align: justify"><B>ORGANIZATION</B></TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">The combined financial
statements are composed of ten companies (the &ldquo;Combined Group&rdquo;, &ldquo;Tigo Guatemala&rdquo;) as detailed in the table below:</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 90%; border-collapse: collapse; margin-left: 28.35pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 4pt; width: 82%">
    <P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; border-bottom: Black 0.5pt solid"><B>Name of the
company&nbsp;</B></P></TD>
    <TD STYLE="padding-right: 4pt; width: 18%">
    <P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.5pt solid"><B>Country&nbsp;</B></P></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 4pt; text-align: center; color: #00245D">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; text-align: center; color: #00245D">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 4pt; vertical-align: top; color: #00245D">Comunicaciones Celulares, S.A. &#9;</TD>
    <TD STYLE="padding-right: 4pt; vertical-align: bottom; text-align: center; color: #00245D">Guatemala</TD></TR>
  <TR>
    <TD STYLE="padding-right: 4pt; vertical-align: top; color: #00245D">Comunicaciones Corporativas, S.A.</TD>
    <TD STYLE="padding-right: 4pt; vertical-align: bottom; text-align: center; color: #00245D">Guatemala</TD></TR>
  <TR>
    <TD STYLE="padding-right: 4pt; vertical-align: top; color: #00245D">Servicios especializados en Telecomunicaciones, S.A..</TD>
    <TD STYLE="padding-right: 4pt; vertical-align: bottom; text-align: center; color: #00245D">Guatemala</TD></TR>
  <TR>
    <TD STYLE="padding-right: 4pt; vertical-align: top; color: #00245D">Distribuidora de Comunicaciones de Occidente, S.A. </TD>
    <TD STYLE="padding-right: 4pt; vertical-align: bottom; text-align: center; color: #00245D">Guatemala</TD></TR>
  <TR>
    <TD STYLE="padding-right: 4pt; vertical-align: top; color: #00245D">Distribuidora Central de Comunicaciones, S.A. &#9;</TD>
    <TD STYLE="padding-right: 4pt; vertical-align: bottom; text-align: center; color: #00245D">Guatemala</TD></TR>
  <TR>
    <TD STYLE="padding-right: 4pt; vertical-align: top; color: #00245D">Distribuidora de Comunicaciones de Oriente, S.A. &#9;</TD>
    <TD STYLE="padding-right: 4pt; vertical-align: bottom; text-align: center; color: #00245D">Guatemala</TD></TR>
  <TR>
    <TD STYLE="padding-right: 4pt; vertical-align: top; color: #00245D">Distribuidora Internacional de Comunicaciones, S.A. &#9;</TD>
    <TD STYLE="padding-right: 4pt; vertical-align: bottom; text-align: center; color: #00245D">Guatemala</TD></TR>
  <TR>
    <TD STYLE="padding-right: 4pt; vertical-align: top; color: #00245D">Servicios Innovadores de Comunicaci&oacute;n y Entretenimiento, S.A..</TD>
    <TD STYLE="padding-right: 4pt; vertical-align: bottom; text-align: center; color: #00245D">Guatemala</TD></TR>
  <TR>
    <TD STYLE="padding-right: 4pt; vertical-align: top; color: #00245D">Navega.com, S.A.</TD>
    <TD STYLE="padding-right: 4pt; vertical-align: bottom; text-align: center; color: #00245D">Guatemala</TD></TR>
  <TR>
    <TD STYLE="padding-right: 4pt; vertical-align: top; color: #00245D">Cloud2Nube, S.A.</TD>
    <TD STYLE="padding-right: 4pt; vertical-align: bottom; text-align: center; color: #00245D">Guatemala</TD></TR>
  </TABLE>
<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0 0pt 28.35pt; text-align: justify">Intertrust SPV (Cayman)
Limited, acting as trustee of the Comcel Trust, was a trust established and consolidated by Comunicaciones Celulares, S.A. for the purposes
of the bond issued (refer to note 16). The Comcel Trust was not a separate legal entity under Cayman Islands law. Intertrust SPV (Cayman)
Limited as Trustee carried out the purposes for which the Comcel Trust was established. All references herein to the Comcel Trust shall
be construed as references to Intertrust SPV (Cayman) Limited acting as Trustee under the Declaration of Trust.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 1.5pt 0pt 28.35pt; text-align: justify">In January 2014,
the Comcel Trust issued a bond of $800 million which is guaranteed by Comunicaciones Celulares, S.A. and is listed on the Luxembourg Stock
Exchange. In accordance with IFRSs, the Comcel Trust is consolidated within the combined Tigo Guatemala.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 1.5pt 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">With the proceeds of
this bond, Comunicaciones Celulares, S.A. entered into a senior unsecured loan (&ldquo;the Loan&rdquo;) with Credit Suisse AG, Cayman
Islands Branch. The proceeds of the bond were used by the Comcel Trust to purchase a 100% participation interest in the Loan pursuant
to a credit and guarantee.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">On November 18, 2020,
Comcel Trust board of directors decided to redeem the $800 million aggregate principal amount of its outstanding 6.875% Senior Notes due
2024. The redemption was officially announced on October 1st, 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 settled on
November 18, 2020. As a result of the redemption, the Comcel Trust was terminated on November 18, 2020 and thereupon removed from the
Trust register.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">To proceed with the
early repayment of bondholders, the Combined Group was financed through a mix of shareholders&acute; loan for $350 million for one-year
term with a fixed interest rate of 4% and loans with local banks for Q2,155 million (approximately $276.5 million) with terms ranging
from three to seven years, and with an effective interest rate of 5.97%.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">The Combined Group
provides mobile and data telephony services, corporate solutions, fixed-line broadband, fixed-line telephone, cable TV and mobile financial
services to retail and business customers in Guatemala.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>


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<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Tigo Guatemala Companies &ndash; Combined Financial
Statements</B></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

<DIV STYLE="padding: 0in 0in 1pt; border-bottom: Black 0.5pt solid">

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>As of December 31, 2020 and 2019 and for the years
ended December 31, 2020 and 2019</B></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

</DIV>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; color: #00245D; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #42C4DD"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>1.</B></TD><TD STYLE="text-align: justify"><B>ORGANIZATION (Continued)</B></TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">All Tigo Guatemala
have registered offices located at Km 9.5 Carretera a El Salvador, Plaza Tigo Sta. Catarina Pinula, Guatemala. They are owned jointly
by Millicom Group (&ldquo;MIC Group&rdquo;), whose ultimate holding company is Millicom International Cellular S.A. (&ldquo;MIC&rdquo;)
and by Miffin Associates Corp., together the &ldquo;Combined Group owners&rdquo;.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">The Combined Group
shareholders are Millicom Group and Miffin which own respectively 55% and 45% interests in each of the Tigo Guatemala. Those entities
form one single business in substance as all of the entities have one single common management. The Combined Group is governed by a shareholders&rsquo;
agreement.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">The representatives
to the Board of Directors (&ldquo;Board&rdquo;) of Comunicaciones Celulares, S.A. and the other Tigo Guatemala have authorized for issue
these combined financial statements for local management purpose on January 22, 2022.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #42C4DD"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>2.</B></TD><TD STYLE="text-align: justify"><B>SUMMARY OF COMBINATION AND ACCOUNTING POLICIES</B></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>2.1</B></TD><TD STYLE="text-align: justify"><B>Basis of preparation</B></TD></TR></TABLE>

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

<P STYLE="color: #003366; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">The companies composing
the Combined Group are all companies in the telecommunications sector which are all owned 55% by Millicom International II, N.V. and 45%
by Miffin Associates Corp. Entities are fully combined from the date on which they are transferred to the Combined Group. They are de-combined
from the date that relation ceases.</P>

<P STYLE="color: #003366; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #003366; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">The combined financial
statements of the Combined Group at December 31, 2020 and 2019 and for each of the two years in the period ended December 31, 2020, have
been prepared in accordance with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards
Board (IASB).</P>

<P STYLE="color: #003366; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #003366; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">As used in these notes
to the combined financial statements, the terms &ldquo;the Combined Group&rdquo;, &ldquo;the Group&rdquo;, &ldquo;the Company&rdquo;,
&ldquo;we&rdquo;, &ldquo;us&rdquo;, &ldquo;our&rdquo;, and similar terms refer to the Tigo Guatemala as described in note 1, unless the
context indicates otherwise.</P>

<P STYLE="color: #003366; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #003366; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">The combined financial
statements are presented in US dollars and all values are rounded to the nearest thousand ($ '000) except when otherwise indicated. The
combined financial statements have been prepared on a historical cost basis except for certain financial assets and liabilities that have
been measured at fair value.</P>

<P STYLE="color: #003366; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #003366; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">The preparation of
financial statements in conformity with IFRSs requires management to exercise its judgment in the process of applying IFRS. It also requires
the use of certain critical accounting estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure
of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during
the reporting period.</P>

<P STYLE="color: #003366; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #003366; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Although these estimates
are based on management&rsquo;s best knowledge of current events and actions, actual results may ultimately differ from these estimates.
Areas involving a higher degree of judgment or complexity, or areas where assumptions and estimates are significant to the combined financial
statements are disclosed in note 3.</P>

<P STYLE="color: #003366; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; color: #42C4DD"><FONT STYLE="font-size: 10pt"><P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Tigo Guatemala Companies &ndash; Combined Financial
Statements</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"></P>

<DIV STYLE="border-bottom: Black 0.5pt solid; padding: 0in 0in 1pt">

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"><B>As of December 31, 2020 and 2019 and for the years
ended December 31, 2020 and 2019</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0">&nbsp;</P>

</DIV>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; color: #00245D; text-align: justify">&nbsp;</P>
</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; color: #42C4DD"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #42C4DD; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-size: 10pt"><B>2.</B></FONT></TD><TD><B>SUMMARY OF COMBINATION AND ACCOUNTING POLICIES <FONT STYLE="font-size: 10pt">(Continued)</FONT></B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; color: #42C4DD">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>2.2</B></TD><TD STYLE="text-align: justify"><B>COVID-19 - Qualitative and quantitative assessment on business activities, financial situation and
economic performance </B></TD></TR></TABLE>

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

<P STYLE="color: #003366; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">On March 11, 2020,
the World Health Organization declared the coronavirus outbreak a pandemic. Most countries globally, including Guatemala, 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 Guatemala beginning in mid-March
2020.</P>

<P STYLE="color: #003366; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><B>Impact on our business
units</B></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #003366; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">The government in Guatemala
implemented restrictions beginning in mid-March, and these were generally maintained throughout the second and third quarters of 2020.
As a result, many of our stores and distribution channels were forced to close temporarily and were gradually reopened. Our market experienced
reductions in mobility during this period, and these disruptions impacted our service ability, however after the third quarter, product
sales and services, have recovered.</P>

<P STYLE="color: #003366; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><B>Impact on accounting
matters </B></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><FONT STYLE="color: #003366">As
a consequence of this crisis, the Combined Group had identified potential significant accounting implications in the following areas</FONT>:</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><I>&bull;&#9;Impairment
of non-financial assets/goodwill</I></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">The Combined Group
has noticed reduced economic activity where it operates, however, no impairment indicators were identified. In addition, during the last
quarters of 2020 showed performance indicators higher than those predicted thus confirming that impairment adjustments were not needed.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><I>&bull;&#9;Impairment
of trade receivables </I></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">During the second quarter
of 2020, and as a result of worsening collections, the Combined Group has recognized additional bad debt provisions for an amount of $1.5
million compared to the level of provisions recorded in the first quarter of 2020 (pre-pandemic level). However, collections have significantly
improved during the last quarter of 2020 and the estimated credit losses levels have returned to their pre-pandemic level. As of December
31, 2020, the total estimated credit losses provision cover 100% of receivables overdue by more than 90 days.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><I>&bull;&#9;Revenue
recognition</I></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Revenue recognition
has not had a significant impact and it is aligned to the accounting standards, Revenue recognized in the financial statements corresponds
to the service provided to customers and for which the collection is certain, as per guidance stablished by IFRS 15.13.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>


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<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Tigo Guatemala Companies &ndash; Combined Financial
Statements</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"></P>

<DIV STYLE="border-bottom: Black 0.5pt solid; padding: 0in 0in 1pt">

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"><B>As of December 31, 2020 and 2019 and for the years
ended December 31, 2020 and 2019</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0">&nbsp;</P>

</DIV>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; color: #00245D; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; color: #00245D; text-align: justify">&nbsp;</P>


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #42C4DD; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>2.</B></TD><TD STYLE="text-align: justify"><B>SUMMARY OF COMBINATION AND ACCOUNTING POLICIES (Continued)</B></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>2.3</B></TD><TD STYLE="text-align: justify"><B>Combination</B></TD></TR></TABLE>

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

<P STYLE="color: #003366; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">The combined entities
and the combined financial statements have the same calendar year closing and use consistent accounting policies for each year presented.
All intra-group balances, transactions, income and expenses, and profits and losses resulting from intra-group transactions are eliminated.
Companies linked to one another by combination are integrated through the aggregation of accounts, in accordance with rules identical
to those for full consolidation.</P>

<P STYLE="color: #003366; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #003366; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">The acquisition method
of accounting is used to account for acquisitions where there is a change in control (i.e. when the Combined Group owners obtain control
over another entity or business). The cost of an acquisition is measured as the fair value of the assets given, equity instruments issued,
and liabilities incurred or assumed at the date of exchange. Identifiable assets acquired and liabilities and contingent liabilities assumed
in a business combination are measured initially at their fair values at the acquisition date, irrespective of the extent of any non-controlling
interest. The excess of the cost of acquisition over the fair value of the Combined Group&rsquo;s share of the identifiable net assets
acquired is recorded as goodwill. If the cost of acquisition is less than the fair value of the net assets of the business acquired, the
difference is recognized directly in the income statement. All acquisition related costs are expensed. Figures from entities entering
into the combination are added to the figures of the existing combination at the time of the entry into the Combined Group.</P>

<P STYLE="color: #003366; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>2.4</B></TD><TD STYLE="text-align: justify"><B>Foreign currency translation</B></TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><B><I>Functional and
presentation currencies</I></B></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #003366; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Items included in the
financial statements of each of the Combined Group&rsquo;s entities are measured using the currency of the primary economic environment
in which the entity operates (&ldquo;the functional currency&rdquo;). The functional currency reflects the economic substance of the underlying
events and circumstances of these entities. Given the purposes of the Combined Group&rsquo;s combined financial statements, those are
presented in U.S. dollars (the &ldquo;presentation currency&rdquo;) while the functional currency of all entities is the Guatemalan Quetzal.</P>

<P STYLE="color: #003366; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #003366; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">The following table
presents relevant currency translation rates to the U.S. dollar as of December 31, 2020 and 2019 and average rates for 2020 and 2019:</P>

<P STYLE="color: #003366; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 95%; border-collapse: collapse; margin-left: 28.35pt">
  <TR STYLE="background-color: #42C4DD">
    <TD STYLE="width: 21%; border: #00245D 1pt solid; padding-left: 10pt; text-align: center; text-indent: -10pt; color: #00245D"><FONT STYLE="color: white"><B>Country</B></FONT></TD>
    <TD STYLE="width: 18%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D"><FONT STYLE="color: white"><B>Currency</B></FONT></TD>
    <TD STYLE="width: 16%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D"><FONT STYLE="color: white"><B>2020 Average rate</B></FONT></TD>
    <TD STYLE="width: 15%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D"><FONT STYLE="color: white"><B>2020Year-end rate</B></FONT></TD>
    <TD STYLE="width: 15%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D"><FONT STYLE="color: white"><B>2019 Average rate</B></FONT></TD>
    <TD STYLE="width: 15%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D"><FONT STYLE="color: white"><B>2019Year-end rate</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; border-left: #00245D 1pt solid; text-align: center; color: #00245D">Guatemala</TD>
    <TD STYLE="vertical-align: bottom; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D">Quetzal</TD>
    <TD STYLE="vertical-align: bottom; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D">7.73</TD>
    <TD STYLE="vertical-align: bottom; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D">7.79</TD>
    <TD STYLE="vertical-align: bottom; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D">7.71</TD>
    <TD STYLE="vertical-align: bottom; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D">7.70</TD></TR>
  </TABLE>
<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0 0pt 28.35pt; text-align: justify"><B><I>Transactions
and balances</I></B></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Transactions denominated
in a currency other than the functional currency are translated into the <FONT STYLE="color: #003366">functional currency using exchange
rates prevailing on transaction dates. Foreign exchange gains and losses resulting from the settlement of such transactions, and on translation
of monetary assets and liabilities denominated in currencies other than the functional currency at year-end exchange rates, are recognized
in the combined income statement, except when deferred in equity as qualifying cash flow hedges.</FONT></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">The effect of exchange
rate changes on cash and cash equivalents held or due in a foreign currency is reported in the statement of cash flows in order to reconcile
cash and cash equivalents at the beginning and end of the year.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>


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<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Tigo Guatemala Companies &ndash; Combined Financial
Statements</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"></P>

<DIV STYLE="border-bottom: Black 0.5pt solid; padding: 0in 0in 1pt">

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"><B>As of December 31, 2020 and 2019 and for the years
ended December 31, 2020 and 2019</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0">&nbsp;</P>

</DIV>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; color: #00245D; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; color: #00245D; text-align: justify">&nbsp;</P>


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #42C4DD; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>2.</B></TD><TD STYLE="text-align: justify"><B>SUMMARY OF COMBINATION AND ACCOUNTING POLICIES (Continued)</B></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>2.4</B></TD><TD><B>Foreign currency translation (Continued)</B></TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><B><I>Translation into
presentation currency</I></B></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">The results and financial
position of all Combined Group entities are translated into US dollar as follows:</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #00245D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 14.2pt">i)</TD><TD STYLE="text-align: justify">Assets and liabilities are translated at the closing rate at the date of the statement of financial position;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 14.2pt">ii)</TD><TD STYLE="text-align: justify">Income and expenses are translated at average exchange rates (unless this average is not a reasonable
approximation of the cumulative effect of the rates prevailing on the transaction dates, in which case income and expenses are translated
at the dates of the transactions); and</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 14.2pt">iii)</TD><TD STYLE="text-align: justify">All resulting exchange differences are recognized as a separate component of equity (&ldquo;Other reserves&rdquo;).</TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">When a combined entity
is sold, exchange differences that were recorded in equity are recognized in the combined income statement as part of gain or loss on
sale.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Goodwill and fair value
adjustments arising on acquisition of a combined entity are treated as assets and liabilities of the foreign operation and translated
at the closing rate.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>2.5</B></TD><TD><B>Property, plant and equipment</B></TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Items of property,
plant and equipment are stated at either historical cost or the lower of fair value less accumulated depreciation and accumulated impairment.
Historical cost includes expenditure that is directly attributable to the acquisition of items. The carrying amount of replaced parts
is derecognized.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Depreciation is calculated
using the straight-line method over the shorter of the estimated useful life of the asset and the remaining life of the license associated
with the assets, unless the renewal of the license is contractually possible.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Estimated useful lives
are:</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 95%; border-collapse: collapse; margin-left: 28.35pt">
  <TR>
    <TD STYLE="vertical-align: top; width: 57%; color: #00245D">Buildings&#9;</TD>
    <TD STYLE="vertical-align: bottom; width: 43%; color: #00245D">40 years or lease period, if shorter</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding-left: 10pt; text-indent: -10pt; color: #00245D">Networks (including civil works)&#9;</TD>
    <TD STYLE="vertical-align: bottom; padding-left: 10pt; text-indent: -9.1pt; color: #00245D">5 to 15&nbsp;years</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding-left: 10pt; text-indent: -10pt; color: #00245D">Other&#9;</TD>
    <TD STYLE="vertical-align: bottom; padding-left: 10pt; text-indent: -9.1pt; color: #00245D">2 to 7&nbsp;years</TD></TR>
  </TABLE>
<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0 0pt 28.35pt; text-align: justify">The carrying values
of property, plant and equipment are reviewed for impairment when events or changes in circumstances indicate that the carrying value
may not be recoverable. The assets&rsquo; residual value and useful life is reviewed, and adjusted if appropriate, at each statement of
financial position date. An asset&rsquo;s carrying amount is written down immediately to its recoverable amount if the carrying amount
is greater than its estimated recoverable amount.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Construction in progress
consists of the cost of assets, labor and other direct costs associated with property, plant and equipment being constructed by the Combined
Group. Once the assets become operational, the related costs are transferred from construction in progress to the appropriate asset category
and depreciation commenced.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Subsequent costs are
included in the asset&rsquo;s carrying amount or recognized as a separate asset, as appropriate, when it is probable that future economic
benefits associated with the item will flow to the Combined Group and the cost of the item can be measured reliably. Repairs and maintenance
are charged to the income statement in the financial period in which they are incurred. Costs of major inspections and overhauls are added
to the carrying value of property, plant and equipment and the carrying amount of previous major inspections and overhauls is derecognized.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>


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<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Tigo Guatemala Companies &ndash; Combined Financial
Statements</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"></P>

<DIV STYLE="border-bottom: Black 0.5pt solid; padding: 0in 0in 1pt">

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"><B>As of December 31, 2020 and 2019 and for the years
ended December 31, 2020 and 2019</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0">&nbsp;</P>

</DIV>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; color: #00245D; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; color: #00245D; text-align: justify">&nbsp;</P>


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #42C4DD; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>2.</B></TD><TD STYLE="text-align: justify"><B>SUMMARY OF COMBINATION AND ACCOUNTING POLICIES (Continued)</B></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>2.5</B></TD><TD><B>Property, plant and equipment (Continued)</B></TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">A liability for the
present value of the cost to remove an asset on both owned and leased sites is recognized when a present obligation for the removal exists
(&ldquo;asset retirement obligations&rdquo;). The corresponding cost of the obligation is included in the cost of the asset and depreciated
over the useful life of the asset.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Borrowing costs that
are directly attributable to the acquisition or construction of a qualifying asset are capitalized as part of the cost of that asset when
it is probable that such costs will result in future economic benefits for the Combined Group and the costs can be measured reliably.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>2.6</B></TD><TD STYLE="text-align: justify"><B>Intangible assets</B></TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Intangible assets acquired
separately are measured on initial recognition at cost. The cost of intangible assets acquired in a business combination is measured at
fair value at the date of acquisition. Following initial recognition, intangible assets are carried at cost less any accumulated amortization
and any accumulated impairment losses. Internally generated intangible assets, excluding capitalized development costs, are not capitalized
and expenditure is charged to the combined income statement in the year in which expenditure is incurred.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Intangible assets with
finite useful lives are amortized over their estimated useful economic lives using the straight-line method and assessed for impairment
whenever there is an indication that the intangible asset may be impaired. The amortization period and the amortization method for intangible
assets with finite useful lives are reviewed at least at each financial year-end. Changes in the expected useful life or the expected
pattern of consumption of future economic benefits embodied in the assets are accounted for by changing the amortization period or method,
as appropriate, and treated as changes in accounting estimates. The amortization expense on intangible assets with finite lives is recognized
in the combined income statement in the expense category consistent with the function of the intangible assets.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><B><I>Goodwill</I></B></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Goodwill represents
the excess of cost of an acquisition, over the Combined Group owners&rsquo; share in the fair value of identifiable assets less liabilities
and contingent liabilities of the acquired business at the date of the acquisition. If the fair value of identifiable assets, liabilities
or contingent liabilities or the cost of the acquisition can only be determined provisionally, then the Combined Group initially accounts
for goodwill using provisional values. Within twelve months of the acquisition date, the Combined Group then recognizes any adjustments
to the provisional values once the fair value of the identifiable assets, liabilities and contingent liabilities and the cost of the acquisition
have been finally determined. Adjustments to provisional fair values are made as if the adjusted fair values had been recognized from
the acquisition date. Goodwill on acquisition of subsidiaries is included in &ldquo;intangible assets, net&rdquo;. Following initial recognition,
goodwill is measured at cost less any accumulated impairment losses.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Goodwill is tested
for impairment annually or more frequently if events or changes in circumstances indicate that the carrying value may be impaired. Impairment
losses on goodwill are not reversed.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">For the purpose of
impairment testing, goodwill acquired in a business combination is, from acquisition date, allocated to each of the Combined Group&rsquo;s
cash generating units or groups of cash-generating units that are expected to benefit from the synergies of the combination, irrespective
of whether other assets or liabilities of the Combined Group are assigned to those units or groups of units. Each unit or group of units
to which the goodwill is allocated:</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 14.2pt">&bull;</TD><TD STYLE="text-align: justify">Represents the lowest level within the Combined Group at which the goodwill is monitored for internal
management purposes; and</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 14.2pt">&bull;</TD><TD STYLE="text-align: justify">Is not larger than an operating segment.</TD></TR></TABLE>

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


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<P STYLE="color: #42C4DD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Tigo Guatemala Companies &ndash; Combined Financial
Statements</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"></P>

<DIV STYLE="border-bottom: Black 0.5pt solid; padding: 0in 0in 1pt">

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"><B>As of December 31, 2020 and 2019 and for the years
ended December 31, 2020 and 2019</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0">&nbsp;</P>

</DIV>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; color: #00245D; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; color: #00245D; text-align: justify">&nbsp;</P>
</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #42C4DD; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: 28.35pt; text-align: left"><B>2.</B></TD><TD><B>SUMMARY OF COMBINATION AND ACCOUNTING POLICIES (Continued)</B></TD>
</TR></TABLE>

<P STYLE="color: #42C4DD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>2.6</B></TD><TD STYLE="text-align: justify"><B>Intangible assets (Continued)</B></TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; text-align: justify">Impairment is determined
by assessing the recoverable amount of the cash-generating unit (or group of cash-generating units), to which the goodwill relates. Where
the recoverable amount of the cash-generating unit (or group of cash-generating units) is less than the carrying amount, an impairment
loss is recognized. Where goodwill forms part of a cash-generating unit (or group of cash-generating units) and part of the operation
within that unit is disposed of the goodwill associated with the operation disposed of is included in the carrying amount of the operation
when determining the gain or loss on disposal. Goodwill disposed of in this manner is measured based on the relative values of the operation
disposed and the portion of the cash-generating unit retained.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><B><I>Programming and
content rights</I></B></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Programming and content
master rights which are purchased which meet certain criteria are recorded at cost as intangible assets. The rights must be exclusive,
related to specific assets which are sufficiently developed, and probable to bring future economic benefits and have validity for more
than one year. Cost includes consideration paid or payable and other costs directly related to the acquisition of the rights and are recognized
at the earlier of payment or commencement of the broadcasting period to which the rights relate.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Programming and content
rights capitalized as intangible assets have a finite useful life and are carried at cost, less accumulated amortization and any accumulated
impairment losses. Amortization is calculated using the straight-line method to allocate the cost of the rights over their estimated useful
lives. The average useful lives of programming and content rights is five years.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Non-exclusive and programming
and content rights for periods less than one year are expensed over the period of the rights.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><B><I>Licenses</I></B></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Licenses are recorded
at either historical cost or, if acquired in a business combination, at fair value at the date of acquisition. Licenses were granted to
the Combined Group for an initial term between 12 and 15 years. Licenses were all renewed for 20 years in December 2012 and January 2013.
During 2020 new information was available to Management in connection with the acquisition and registration of new licenses triggering
a re-assessment of the useful lives of existing licenses. From this analysis Management concluded that all frequency licenses are indefinite
life assets; consequently, a change in the useful life&rsquo;s estimation was made prospectively.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Based on the experience
of the renewal of licenses, since it was confirmed that it is easily renewed at low cost; the main facts include:</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #00245D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">The renewal involves an exclusively administrative procedure.</FONT></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: #00245D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">The cost of the renewal is insignificant.</FONT></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: #00245D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">The terms for which the frequency licenses have been granted are equal to
the original terms</FONT></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: #00245D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">The technology used in broadcasting is not expected to be replaced by another
technology at any time in the foreseeable future. Therefore, the license is expected to contribute to entity&rsquo;s net cash inflows
indefinitely</FONT></TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Consequently, the Combined
Group have determined that, as of January 1, 2020, it is appropriate to assign the intangible assets that originated by frequency licenses
granted by the SIT (Superintendence of Telecommunications), under the framework of the Telecommunications Law (Decree Legislative No.
94-96), an indefinite useful life. We will continue to monitor this assessment in future periods considering the regulatory environment.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">The non-amortization
shows a better pattern of use of the asset; therefore, the Combined Group ceased to amortize licenses starting January 1, 2020. Due to
the change in the classification of frequency licenses as an indefinite life asset, the Combined Group conducted an impairment analysis
and will continue to conduct an impairment analysis on an annual basis over these assets under IAS 36. As of December 31, 2020, no impairment
was identified.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

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


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #42C4DD; margin: 0pt 0; text-align: justify"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"><B>Tigo Guatemala Companies &ndash; Combined Financial
Statements</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D"></P>

<DIV STYLE="border-bottom: Black 0.5pt solid; padding: 0in 0in 1pt">

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D"><B>As of December 31, 2020 and 2019 and for the years
ended December 31, 2020 and 2019</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D">&nbsp;</P>

</DIV>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; color: #00245D; text-align: justify">&nbsp;</P></P>


<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; color: #00245D; text-align: justify"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; color: #00245D; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #42C4DD; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>2.</B></TD><TD><B>SUMMARY OF COMBINATION AND ACCOUNTING POLICIES (Continued)</B></TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><B><I>Trademarks and
customer bases</I></B></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Trademarks and customer
bases are recognized as intangible assets only when acquired or gained in a business combination. Their cost represents fair value at
the date of acquisition. Trademarks and customer bases have finite useful lives and are carried at cost less accumulated amortization.
Amortization is calculated using the straight-line method to allocate the cost of the trademarks and customer bases over their estimated
useful lives.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>2.6</B></TD><TD STYLE="text-align: justify"><B>Intangible assets (Continued)</B></TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">The estimated useful
lives for trademarks and customer bases are based on specific characteristics of the market in which they exist. Trademarks and customer
bases are included in &ldquo;Intangible assets, net&rdquo;.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Estimated useful lives
are:</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="padding-left: 28.34pt; vertical-align: top; width: 55%; text-indent: 0.05pt; color: #00245D">Trademarks&#9;</TD>
    <TD STYLE="vertical-align: bottom; width: 45%; color: #00245D">1 to 15 years</TD></TR>
  <TR>
    <TD STYLE="padding-left: 28.34pt; vertical-align: top; text-indent: 0.05pt; color: #00245D">Customer bases&#9;</TD>
    <TD STYLE="vertical-align: bottom; color: #00245D">4 to 9 years</TD></TR>
  </TABLE>
<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0 0pt 28.35pt; text-align: justify"><B><I>Indefeasible
Rights-of-use (IRU)</I></B></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Indefeasible rights-of-use
assets are permanent contractual agreements that cannot be undone, for example rights to use cables, fibers or capacity. IRU contracts
are usually long term, commonly lasting up to 30 years. Depending on the type of system, the Company might be buying exclusive use of
one or more assets. Only lit fiber arrangements (wavelength) can be capitalized as intangible assets, subject to the fulfillment of the
following criteria:</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.1pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Fulfill the criteria defined by IAS 38 to qualify
as an intangible asset (identifiable, measurable, controllable, generate future economic benefits); </FONT></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: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.1pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The contract identifies the lit fiber (wavelength)
which are for the exclusive use of the Group;</FONT></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: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.1pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The service orders clearly include specification
of the wavelength used;</FONT></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: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.1pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The contract is for a duration of more than one
year.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>2.7</B></TD><TD STYLE="text-align: justify"><B>Impairment of non-financial assets</B></TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">At each reporting date
the Combined Group assesses whether there is an indication that an asset may be impaired. If any such indication exists, or when annual
impairment testing for an asset is required, the Combined Group makes an estimate of the asset&rsquo;s recoverable amount. The Combined
Group determines the recoverable amount based on the higher of its fair value less cost to sell, and its value in use, for individual
assets, unless the asset does not generate cash inflows that are largely independent of those from other assets or groups of assets.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Where the carrying
amount of an asset exceeds its recoverable amount, the asset is considered impaired and is written down to its recoverable amount. Where
no comparable market information is available, the fair value less cost to sell is determined based on the estimated future cash flows
discounted to their present value using a discount rate that reflects current market conditions for the time value of money and risks
specific to the asset. The foregoing analysis also evaluates the appropriateness of the expected useful lives of the assets. Impairment
losses of continuing operations are recognized in the combined income statement in expense categories consistent with the function of
the impaired asset.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>


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<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Tigo Guatemala Companies &ndash; Combined Financial
Statements</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"></P>

<DIV STYLE="border-bottom: Black 0.5pt solid; padding: 0in 0in 1pt">

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"><B>As of December 31, 2020 and 2019 and for the years
ended December 31, 2020 and 2019</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0">&nbsp;</P>

</DIV>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; color: #00245D; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; color: #00245D; text-align: justify">&nbsp;</P>


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #42C4DD; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>2.</B></TD><TD><B>SUMMARY OF COMBINATION AND ACCOUNTING POLICIES (Continued)</B></TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">At each reporting date
an assessment is made as to whether there is any indication that previously recognized impairment losses may no longer exist or may have
decreased. If such indication exists, the recoverable amount is estimated. Other than for goodwill, a previously recognized impairment
loss is reversed if there has been a change in the estimate used to determine the asset&rsquo;s recoverable amount since the last impairment
loss was recognized. If so, the carrying amount of the asset is increased to its recoverable amount. The increased amount cannot exceed
the carrying amount that would have been determined, net of depreciation, had no impairment loss been recognized for the asset in prior
years. Such reversal is recognized in profit or loss. After such a reversal, the depreciation charge is adjusted in future periods to
allocate the asset&rsquo;s revised carrying amount, less any residual value, on a systematic basis over its remaining useful life.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>2.8</B></TD><TD STYLE="text-align: justify"><B>Cash, cash equivalents and restricted cash</B></TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Cash and cash equivalents
include cash in hand, deposits held at call with banks and other short-term highly liquid investments with original maturities of three
months or less. Cash held with banks related to mobile financial services which is restricted in use due to local regulations is denoted
as restricted cash.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: 27pt"><B>2.9</B></TD><TD><B>Deposits</B></TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><B><I>Time deposits</I></B></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Cash deposits with
banks with maturities of more than three months that generally earn interest at market rates are classified as time deposits.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><B><I>Pledged deposits</I></B></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Pledged deposits represent
contracted cash deposits with banks that are held as security for debts at corporate or operational entity level. The Combined Group is
unable to access these funds until either the relevant debt is repaid, or alternative security is arranged with the lender. Such amounts
are included within &ldquo;other current assets&rdquo; on the statement of financial position. As of 31 December 2019, there were no pledged
assets. (note 16)</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>2.10</B></TD><TD STYLE="text-align: justify"><B>Trade receivables</B></TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Trade receivables are
initially recognized at fair value and subsequently measured at amortized cost using the effective interest method, less provision for
impairment. From January 1, 2018, the Combined Group assesses, on a forward-looking basis, the expected credit losses. The impairment
methodology applied depends on whether there has been a significant increase in credit risk. The Combined Group applies the simplified
approach permitted by IFRS 9 <I>Financial Instruments</I>, which requires expected lifetime losses to be recognized from initial recognition
of the trade receivables. The provision is recognized in the combined income statement within cost of sales.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>2.11</B></TD><TD STYLE="text-align: justify"><B>Loans and receivables</B></TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Loans and receivables
(from related parties or from third parties) are non-derivative financial assets with fixed or determinable payments that are not quoted
in an active market. They are included in current assets, except for maturities greater than 12&nbsp;months after the end of the reporting
period. These are classified within non-current assets. Loans and receivables are carried at amortized cost using the effective interest
method. Gain and losses are recognized in the income statement when the loans and receivables are derecognized or impaired, as well as
through the amortization process.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.1pt"><B>2.12</B></TD><TD STYLE="text-align: justify"><B>Impairment of financial assets</B></TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.1pt; text-align: justify">The Combined Group recognizes
an estimate for expected credit losses on financial assets recorded at amortized cost in profit or loss or on financial assets recorded
at fair value through changes in other comprehensive income using the simplified approach. The simplified approach does not require an
entity to track the changes in credit risk, but, instead, requires the entity to recognize a loss allowance based on lifetime expected
credit losses (ECLs) at each reporting date. The Combined Group has established a provision matrix that is based on its historical loss
experience, adjusted for forward looking factors specific for debtors and the economic environment.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0 0pt 28.1pt; text-align: justify"><BR STYLE="clear: both"></P>

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


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #42C4DD; margin: 0pt 0; text-align: justify"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"><B>Tigo Guatemala Companies &ndash; Combined Financial
Statements</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D"></P>

<DIV STYLE="border-bottom: Black 0.5pt solid; padding: 0in 0in 1pt">

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D"><B>As of December 31, 2020 and 2019 and for the years
ended December 31, 2020 and 2019</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D">&nbsp;</P>

</DIV>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; color: #00245D; text-align: justify">&nbsp;</P></P>


<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.1pt; color: #00245D; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.1pt; color: #00245D; text-align: justify"></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.1pt; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #42C4DD; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>2.</B></TD><TD STYLE="text-align: justify"><B>SUMMARY OF COMBINATION AND ACCOUNTING POLICIES (Continued)</B></TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">The Combined Group
considers that a financial asset is in default when the contractual payments are over 90 days overdue. However, in certain cases, the
Combined Group also consider that a financial asset is in default when internal or external information indicates that it is unlikely
that the Combined Group will receive the outstanding contractual amounts in full before taking into account any credit enhancements maintained
by the Combined Group. A financial asset is written off when there is no reasonable expectation of recovering the contractual cash flows.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>2.13</B></TD><TD STYLE="text-align: justify"><B>Inventories</B></TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Inventories (which
mainly consist of mobile telephone handsets and related accessories) are stated at the lower of cost and net realizable value. Cost is
determined using the weighted average method. Net realizable value is the estimated selling price in the ordinary course of business,
less applicable variable selling expenses.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>2.14</B></TD><TD STYLE="text-align: justify"><B>Equity contribution</B></TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Common shares are classified
as equity. Equity contribution presented in the combined financial statements is the sum of the equity contribution from the parents of
the combined entities as presented and described under Note 1.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>2.15</B></TD><TD STYLE="text-align: justify"><B>Borrowings</B></TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Borrowings are initially
recognized at fair value, net of directly attributable transaction costs. After initial recognition borrowings are subsequently measured
at amortized cost using the effective interest rate method. Amortized cost is calculated by considering any discount or premium on acquisition
and any fees or costs that are an integral part of the effective interest rate. Any difference between the initial amount and the maturity
amount is recognized in the combined income statement over the period of the borrowing.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Borrowings (including
accrued or capitalized interest) are classified as current liabilities unless the Combined Group has an unconditional right to defer settlement
of the liability for at least 12&nbsp;months after the statement of financial position date.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>2.16</B></TD><TD STYLE="text-align: justify"><B>Provisions</B></TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Provisions are recognized
when the Combined Group has a present obligation (legal or constructive) as a result of a past event, if it is probable that an outflow
of resources embodying economic benefits will be required to settle the obligation and a reliable estimate can be made of the amount of
the obligation. Where the Combined Group expects some or all a provision to be reimbursed, for example under an insurance contract, the
reimbursement is recognized as a separate asset but only when the reimbursement is virtually certain.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.1pt; text-align: justify">The expense relating
to any provision is presented in the income statement net of any reimbursement. If the effect of the time value of money is material,
provisions are discounted using a current pre-tax rate that reflects, where appropriate, risks specific to the liability. Where discounting
is used, increases in the provision due to the passage of time are recognized as interest expenses.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.1pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>2.17</B></TD><TD STYLE="text-align: justify"><B>Trade payables</B></TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Trade payables are
initially recognized at fair value and subsequently measured at amortized cost using the effective interest method where the effect of
the passage of time is material.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>2.18</B></TD><TD STYLE="text-align: justify"><B>Revenue from contracts with customers</B></TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Revenue from contracts
with customers is recognized when the control of the goods and services has been transferred to the customer for an amount that reflects
the consideration to which the Combined Group expects to be entitled in exchange for such goods or services.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>


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<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Tigo Guatemala Companies &ndash; Combined Financial
Statements</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"></P>

<DIV STYLE="border-bottom: Black 0.5pt solid; padding: 0in 0in 1pt">

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"><B>As of December 31, 2020 and 2019 and for the years
ended December 31, 2020 and 2019</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0">&nbsp;</P>

</DIV>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; color: #00245D; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; color: #00245D; text-align: justify">&nbsp;</P>


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #42C4DD; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>2.</B></TD><TD STYLE="text-align: justify"><B>SUMMARY OF COMBINATION AND ACCOUNTING POLICIES (Continued)</B></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>2.18</B></TD><TD STYLE="text-align: justify"><B>Revenue from contracts with customers (Continued)</B></TD></TR></TABLE>

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


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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; color: #00245D; text-align: justify; text-indent: 0in"><FONT STYLE="font-weight: normal">The
Combined Group applies the following practical expedients foreseen in IFRS 15:</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; color: #00245D; text-align: justify; text-indent: 0in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-weight: normal">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-weight: normal">No adjustment to the transaction price for the means of a financing
component whenever the period between the transfer of a promised good or service to a customer and the associated payment is one year
or less; when the period is more than one year the significant financing component is adjusted, if material.</FONT></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; color: #00245D; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-weight: normal">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-weight: normal">Disclosure in the combined financial statements the transaction price
allocated to unsatisfied performance obligations only for contracts that have an original expected duration of more than one year (e.g.
unsatisfied performance obligations for contracts that have an original duration of one year or less will not be disclosed).</FONT></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; color: #00245D; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-weight: normal">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-weight: normal">Application of the practical expedient not to disclose the price allocated
to unsatisfied performance obligations, if billing is equal to accounting revenue. </FONT></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; color: #00245D; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-weight: normal">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-weight: normal">Application of the practical expedient to recognize the incremental
costs of obtaining a contract as an expense when incurred if the amortization period of the asset that otherwise would have been recognized
is one year or less.</FONT></TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Bundled offers are
considered arrangements with multiple deliverables or elements, which can lead to the identification of separate performance obligations.
Revenue is recognized in accordance with the transfer of goods or services to customers in an amount that reflects the relative standalone
selling price of the performance obligation (e.g. sale of telecom services, revenue over time plus sale of handset, revenue at a point
in time).</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Principal-Agent, some
arrangements involve two or more unrelated parties that contribute to providing a specified good or service to a customer. In these instances,
the Combined Group determines whether it has promised to provide the specified good or service itself (as a principal) or to arrange for
those specified goods or services to be provided by another party (as an agent). For example, performance obligations relating to services
provided by third-party content providers (i.e., mobile Value Added Services or &ldquo;VAS&rdquo;) or service providers where the Combined
Group neither controls a right to the provider&rsquo;s service nor controls the underlying service itself are presented net because the
Combined Group is acting as an agent. The Combined Group generally acts as a principal for other types of services where the Combined
Group is the primary obligor of the arrangement. In cases the Group determines that it acts as a principal, revenue is recognized gross.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 28.35pt">Combined
Group&acute;s most significant revenues streams are:</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 28.35pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #00245D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 18pt"><I>a)</I></TD><TD STYLE="text-align: justify">Post-paid connection fees are derived from the payment of a non-refundable/one-time fee charged to customer
to connect to the network (e.g. connection / installation fee). Usually, it does not represent a distinct good or service, therefore does
not give rise to a separate performance obligation and revenue is recognized over the minimum contract duration.</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 0pt 46.35pt; text-align: justify; color: #00245D">Unless the fee is paid
by a customer to get the right to receive goods or services without having to pay this fee again over his tenure with the Combined Group
(e.g. the customer can readily extend his contract without having to pay the same fee again), it is accounted for as a material right
and revenue should be recognized over the customer retention period.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 46.35pt; text-align: justify; color: #00245D">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #00245D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 18pt"><I>b)</I></TD><TD STYLE="text-align: justify">Post-paid mobile/cable subscription fees are recognized over the relevant enforceable/subscribed service
period (recurring monthly access fees that do not vary based on usage). The service provision is usually considered as a series of distinct
services that have the same pattern of transfer to the customer.</TD></TR></TABLE>

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


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<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Tigo Guatemala Companies &ndash; Combined Financial
Statements</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"></P>

<DIV STYLE="border-bottom: Black 0.5pt solid; padding: 0in 0in 1pt">

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"><B>As of December 31, 2020 and 2019 and for the years
ended December 31, 2020 and 2019</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0">&nbsp;</P>

</DIV>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; color: #00245D; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; color: #00245D; text-align: justify">&nbsp;</P>


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #42C4DD; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>2.</B></TD><TD STYLE="text-align: justify"><B>SUMMARY OF COMBINATION AND ACCOUNTING POLICIES (Continued)</B></TD></TR></TABLE>

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

<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; color: #00245D; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>2.18</B></TD><TD STYLE="text-align: justify"><B>Revenue from contracts with customers (Continued)</B></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #00245D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 18pt"><I>c)</I></TD><TD STYLE="text-align: justify">Prepaid scratch/SIM cards are services where customers purchase a specified amount of airtime or other
credit in advance. Revenue is recognized as the credit is used. Unused credit is carried in the statement of financial position as contract
liability within other current liabilities. Upon expiration of the validity period, the portion of the contract liability relating to
the expiring credit is recognized as revenue, since there is no longer an obligation to provide those services.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #00245D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 18pt"><I>d)</I></TD><TD STYLE="text-align: justify">Telephone and equipment sales are recognized as revenue once control of such goods is transferred to the
distributor or the final client. That criterion is fulfilled when the customer has the ability to direct the use and obtain substantially
all of the remaining benefits from those goods.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #00245D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 18pt"><I>e)</I></TD><TD STYLE="text-align: justify">Revenue from provision of Mobile Financial Services (MFS) is recognized once the primary service has been
provided to the customer.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #00245D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 18pt"><I>f)</I></TD><TD STYLE="text-align: justify">Customer premise equipment (CPE) are provided to customers as a prerequisite to receive the subscribed
Home services and shall be returned at the end of the contract duration. Since CPEs provided over the contract term do not provide benefit
to the customer on their own, they do not give rise to separate performance obligations and therefore are accounted for as part of the
service provided to the customers.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #00245D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 18pt"><I>g)</I></TD><TD STYLE="text-align: justify">Revenue from the sale of cables, fiber, wavelength or capacity contracts, when part of the ordinary activities
of the operation, is recognized as recurring revenue. Revenue is recognized when the cable, fiber, wavelength or capacity has been delivered
to the customer, based on the amount expected to be received from the customer.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #00245D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 18pt"><I>h)</I></TD><TD STYLE="text-align: justify">Revenue from operating lease of tower space is recognized over the period of the underlying lease contracts.
Finance leases revenue is apportioned between lease of tower space and interest income.</TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><B>Significant judgments</B></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">The determination of
the standalone selling price for contracts that involve more than one performance obligation may require significant judgment, such as
when the selling price of a good or service is not readily observable.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">The Combined Group
determines the standalone selling price of each performance obligation in the contract in accordance to the prices that the Group would
apply when selling the same services and/or telephone and equipment included in the obligation to a similar customer on a standalone basis.
When standalone selling price of services and/or telephone and equipment are not directly observable, the Group maximizes the use of external
inputs and uses the expected cost, plus margin approach to estimate the standalone selling price.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>2.19</B></TD><TD STYLE="text-align: justify"><B>Cost of sales</B></TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">The primary cost of
sales incurred by the Combined Group in relation to the provision of telecommunication services relate to interconnection costs, roaming
costs, rental of leased lines, costs of handsets and other accessories sold, and royalties. Cost of sales is recorded on an accrual basis.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>2.20</B></TD><TD STYLE="text-align: justify"><B>Incremental costs of obtaining a contract</B></TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Incremental costs of
obtaining a contract, including dealer commissions, are capitalized as Contract Costs in the statement of financial position and amortized
in operating expenses over the expected benefit period, which is based on the average duration of contracts with customer (see practical
expedient in note 2.18).</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>


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<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Tigo Guatemala Companies &ndash; Combined Financial
Statements</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"></P>

<DIV STYLE="border-bottom: Black 0.5pt solid; padding: 0in 0in 1pt">

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"><B>As of December 31, 2020 and 2019 and for the years
ended December 31, 2020 and 2019</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0">&nbsp;</P>

</DIV>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; color: #00245D; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; color: #00245D; text-align: justify">&nbsp;</P>


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #42C4DD; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>2.</B></TD><TD STYLE="text-align: justify"><B>SUMMARY OF COMBINATION AND ACCOUNTING POLICIES (Continued)</B></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>2.21</B></TD><TD STYLE="text-align: justify"><B>Employee benefits</B></TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><B><I>Share based compensation</I></B></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Share awards are granted
to management and key employees of the Combined Group. Awards are settled in shares of MIC.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">The cost of share-based
compensation is based on the fair value (market value) of the shares on grant date and, is recognized, together with a corresponding increase
in equity contribution reserve, over the period in which the performance and/or service conditions are fulfilled, ending on the date on
which the relevant employee becomes fully entitled to the award (the vesting date). The cumulative expense recognized for share-based
compensation at each reporting date until the vesting date reflects the extent to which the vesting period has expired and the Combined
Group&rsquo;s best estimate of the number of equity instruments that will ultimately vest.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">No expense is recognized
for awards that do not ultimately vest, except for awards where vesting is conditional upon a market condition, which are treated as vested
irrespective of whether or not the market conditions are satisfied, provided that all other performance conditions are satisfied. Where
the terms of a share-based compensation are modified, as a minimum an expense is recognized as if the terms had not been modified. In
addition, an expense is recognized for any modification that increases the total fair value of the share-based payment arrangement or
is otherwise beneficial to the employee as measured at the date of modification.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>2.22</B></TD><TD STYLE="text-align: justify"><B>Taxation</B></TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><B><I>Current tax</I></B></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Current tax assets
and liabilities for current and prior periods are measured at the amount expected to be recovered from or paid to the taxation authorities.
The tax rate and tax laws used to compute the amount are those enacted or substantively enacted at the statement of financial position
date.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><B><I>Deferred tax</I></B></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Deferred income tax
is provided using the liability method and calculated from temporary differences at the statement of financial position date between the
tax base of assets and liabilities and their carrying amount for financial reporting purposes.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Deferred tax liabilities
are recognized for all taxable temporary differences, except where the deferred tax liability arises from the initial recognition of
goodwill or of an asset or liability in a transaction that is not a business combination and, at the time of the transaction, affects
neither accounting, nor taxable, profit or loss.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Deferred income tax
assets are recognized for all deductible temporary differences and carry-forward of unused tax credits and unused tax losses, to the extent
that it is probable that taxable profit will be available against which the deductible temporary difference and the carry-forward of unused
tax credits and unused tax losses can be utilized, except where the deferred tax assets relate to deductible temporary differences from
initial recognition of an asset or liability in a transaction that is not a business combination, and, at the time of the transaction,
affects neither accounting, nor taxable, profit or loss.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">The carrying amount
of deferred income tax assets is reviewed at each statement of financial position date and reduced to the extent that it is no longer
probable that sufficient taxable profit will be available to utilize the deferred income tax asset. Unrecognized deferred income tax assets
are reassessed at each statement of financial position date and are recognized to the extent it is probable that future taxable profit
will enable the deferred tax asset to be recovered.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>


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<P STYLE="color: #42C4DD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Tigo Guatemala Companies &ndash; Combined Financial
Statements</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"></P>

<DIV STYLE="border-bottom: Black 0.5pt solid; padding: 0in 0in 1pt">

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"><B>As of December 31, 2020 and 2019 and for the years
ended December 31, 2020 and 2019</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0">&nbsp;</P>

</DIV>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; color: #00245D; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; color: #00245D; text-align: justify">&nbsp;</P>
</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #42C4DD; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: 28.35pt; text-align: left"><B>2.</B></TD><TD><B>SUMMARY OF COMBINATION AND ACCOUNTING POLICIES (Continued)</B></TD>
</TR></TABLE>

<P STYLE="color: #42C4DD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Deferred income tax
assets and liabilities are measured at the tax rate expected to apply in the year when the assets are realized or liabilities settled,
based on tax rates and tax laws that have been enacted or substantively enacted at the statement of financial position date.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Income tax relating
to items recognized directly in equity is recognized in equity and not in the combined income statement. Current and deferred tax assets
and deferred tax liabilities are offset where legally enforceable set off rights exist and the deferred taxes relate to the same taxable
entity and the same taxation authority.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>2.23</B></TD><TD STYLE="text-align: justify"><B>Changes in accounting policies</B></TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">The following changes
to standards effective for annual periods starting on January 1, 2019 have been adopted by the Combined Group:</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.1pt; text-align: justify; color: #00245D">IFRS 16 <I>Leases</I>
primarily affects the accounting for the Combined Group&acute;s operating leases. The commitments are now recognized as right-of-use and
lease liabilities for future payments. As a result, on adoption, on January 1, 2019, an additional lease liability of $263 million has
been recognized. The application of the new standard decreased operating expenses by $43.8 million as compared to what our results would
have been if we had continued to follow IAS 17 for year ended December 31, 2019. The impact of the adoption of the leasing standard and
the new accounting policies are further explained below. The application of this standard also affected the Combined Group&rsquo;s depreciation,
operating and financial expenses, debt and other financing and leverage ratios. The change in presentation of operating lease expenses
has resulted in a corresponding increase in cash flows derived from operating activities and a decline in cash flows from financing activities.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.1pt; text-align: justify; color: #00245D">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>2.23</B></TD><TD STYLE="text-align: justify"><B>Changes in accounting policies (Continued)</B></TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><B>Explanation and
effects of adoption of IFRS 16</B></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.1pt; text-align: justify; color: #00245D">The Combined Group adopted
the standard using the modified retrospective approach with the cumulative effects of applying the new Standard recognized in retained
profits as of January 1, 2019. Its application had no significant impact on the Combined Group&rsquo;s retained earnings.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.1pt; text-align: justify; color: #00245D">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">On adoption of IFRS
16, the Combined Group recognized lease liabilities in relation to leases which had previously been classified as &lsquo;operating leases&rsquo;
under the principles of IAS 17 <I>Leases</I>. These liabilities were measured at the present value of the remaining lease payments, discounted
using the lessee&rsquo;s incremental borrowing rate as of January 1, 2019.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">The right-of-use assets
were measured at an amount equal to the corresponding lease liabilities, adjusted by the amount of any prepaid or accrued lease payments
relating to the leases recognized in the statement of financial position immediately before the date of initial application.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">The weighted average
incremental borrowing rate applied to the lease liabilities on January 1, 2019 was 8.79%. Each lease commitment was individually discounted
using a specific incremental borrowing rate, following a build-up approach including risk-free rates, industry risk, country risk, credit
risk at cash generating unit level, currency risk and commitment&acute;s maturity.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">For leases previously
classified as finance leases, the Combined Group recognized the carrying amount of the lease asset and lease liability immediately before
transition as the carrying amount of the right-of-use asset and the lease liability at the date of initial application. The measurement
principles of IFRS 16 are only applied after that date.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>


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<P STYLE="color: #42C4DD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Tigo Guatemala Companies &ndash; Combined Financial
Statements</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"></P>

<DIV STYLE="border-bottom: Black 0.5pt solid; padding: 0in 0in 1pt">

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"><B>As of December 31, 2020 and 2019 and for the years
ended December 31, 2020 and 2019</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0">&nbsp;</P>

</DIV>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; color: #00245D; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; color: #00245D; text-align: justify">&nbsp;</P>
</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #42C4DD; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: 28.35pt; text-align: left"><B>2.</B></TD><TD><B>SUMMARY OF COMBINATION AND ACCOUNTING POLICIES (Continued)</B></TD>
</TR></TABLE>

<P STYLE="color: #42C4DD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 95%; border-collapse: collapse; margin-left: 28.35pt">
  <TR STYLE="vertical-align: top; background-color: #60CCE2">
    <TD STYLE="padding-right: 3pt; width: 86%; border: Black 1pt solid; text-align: justify; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>US$ &acute;000</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 14%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>2019</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3pt; border-right: #7F7F7F 1pt solid; border-left: Black 1pt solid; text-align: justify; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Operating lease commitments disclosed as of December 31, 2018</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>410,462</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3pt; border-right: #7F7F7F 1pt solid; border-left: Black 1pt solid; text-align: justify; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(Plus): Non-lease components obligations</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">5,092</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3pt; border-right: #7F7F7F 1pt solid; border-left: Black 1pt solid; text-align: justify; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(Less): Short term leases recognized on a straight-line basis as expense</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">_</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3pt; border-right: #7F7F7F 1pt solid; border-left: Black 1pt solid; text-align: justify; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(Less): Low value leases recognized on a straight-line basis as expense</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">_</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3pt; border-right: #7F7F7F 1pt solid; border-left: Black 1pt solid; text-align: justify; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(Less): Forecast of indexation included in the lease commitments not part of the IFRS 16 opening balances </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; padding-left: 3pt">
    <P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">(33,489)</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3pt; border-right: #7F7F7F 1pt solid; border-left: Black 1pt solid; text-align: justify; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(Plus/less): Other</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">1,687</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3pt; border-right: #7F7F7F 1pt solid; border-left: Black 1pt solid; text-align: justify; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Gross lease liabilities</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>&nbsp;383,752</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3pt; border-right: #7F7F7F 1pt solid; border-left: Black 1pt solid; text-align: justify; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Discounted using the lessee's incremental borrowing rate at the date of the initial application</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; padding-left: 3pt">
    <P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">(121,156)</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3pt; border-right: #7F7F7F 1pt solid; border-left: Black 1pt solid; text-align: justify; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Incremental lease liabilities recognized at January 1, 2019</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>262,596</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3pt; border-right: #7F7F7F 1pt solid; border-left: Black 1pt solid; text-align: justify; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(Plus): Finance lease liabilities recognized at December 31, 2018</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">698</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3pt; border-right: #7F7F7F 1pt solid; border-left: Black 1pt solid; text-align: justify; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Lease liabilities recognized at January 1, 2019</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>263,294</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3pt; border-right: #7F7F7F 1pt solid; border-left: Black 1pt solid; text-align: justify; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3pt; border-right: #7F7F7F 1pt solid; border-left: Black 1pt solid; text-align: justify; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Of which are:</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: #7F7F7F 1pt solid; border-left: Black 1pt solid; padding-right: 3pt; padding-left: 28.34pt; text-align: justify; color: #00245D"><FONT STYLE="color: #00245D">Current lease liabilities</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">20,383</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: #7F7F7F 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 3pt; padding-left: 28.34pt; text-align: justify; color: #00245D"><FONT STYLE="color: #00245D">Non-current lease liabilities</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">242,911</FONT></TD></TR>
  </TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>2.23</B></TD><TD STYLE="text-align: justify"><B>Changes in accounting policies (Continued)</B></TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.1pt; text-align: justify">The application of IFRS
16 affected the following items in the statement of financial position on January 1, 2019:</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.1pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 95%; border-collapse: collapse; margin-left: 28.35pt">
  <TR STYLE="background-color: #42C4DD">
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; width: 42%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: #00245D 1pt solid; border-left: Black 1pt solid; padding-left: 3pt; text-indent: 0pt">
    <P STYLE="color: white; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>FINANCIAL POSITION</B></P>
    <P STYLE="color: white; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>
    <P STYLE="color: white; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>US$ &lsquo;000</B></P>
    <P STYLE="color: white; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P></TD>
    <TD STYLE="padding-right: 3pt; width: 18%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: #00245D 1pt solid; padding-left: 3pt; text-indent: 0pt">
    <P STYLE="color: white; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>As of January 1, 2019 before</B></P>
    <P STYLE="color: white; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P>
    <P STYLE="color: white; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>application</B></P>
    <P STYLE="color: white; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P></TD>
    <TD STYLE="padding-right: 3pt; width: 14%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: #00245D 1pt solid; padding-left: 3pt; text-indent: 0pt">
    <P STYLE="color: white; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>Effect of</B>&nbsp;</P>
    <P STYLE="color: white; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>adoption of</B>&nbsp;</P>
    <P STYLE="color: white; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>IFRS 16</B>&nbsp;</P></TD>
    <TD STYLE="padding-right: 3pt; width: 15%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: #00245D 1pt solid; padding-left: 3pt; text-indent: 0pt">
    <P STYLE="color: white; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>As of January 1, 2019 after</B>&nbsp;</P>
    <P STYLE="color: white; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>Application</B></P>
    <P STYLE="color: white; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P></TD>
    <TD STYLE="padding-right: 3pt; width: 11%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt; text-indent: 0pt"><FONT STYLE="color: white"><B>Reason for the change</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding-left: 3pt; text-indent: 0pt; color: #00245D"><FONT STYLE="color: #00245D"><B>ASSETS</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: #00245D 1pt solid; color: #00245D; text-align: right; padding-left: 3pt; text-indent: 0pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: #00245D 1pt solid; color: #00245D; text-align: right; padding-left: 3pt; text-indent: 0pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: #00245D 1pt solid; color: #00245D; text-align: right; padding-left: 3pt; text-indent: 0pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: #00245D 1pt solid; color: #00245D; text-align: right; padding-left: 3pt; text-indent: 0pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding-left: 3pt; text-indent: 0pt; color: #00245D">Property, plant &amp; equipment, net</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; text-align: right; padding-left: 3pt; text-indent: 0pt"><FONT STYLE="color: #00245D">&nbsp;573,789</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; text-align: right; padding-left: 3pt; text-indent: 0pt">(764)</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; text-align: right; padding-left: 3pt; text-indent: 0pt">573,025</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; text-align: center; padding-left: 3pt; text-indent: 0pt">(i)</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding-left: 3pt; text-indent: 0pt; color: #00245D">Right-of-use assets (non-current)</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; text-align: right; padding-left: 3pt; text-indent: 0pt">_</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; text-align: right; padding-left: 3pt; text-indent: 0pt">263,360</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; text-align: right; padding-left: 3pt; text-indent: 0pt">263,360</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; text-align: center; padding-left: 3pt; text-indent: 0pt">(ii)</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding-left: 3pt; text-indent: 0pt; color: #00245D">Prepayments</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; text-align: right; padding-left: 3pt; text-indent: 0pt">5,263</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; text-align: right; padding-left: 3pt; text-indent: 0pt">(2,565)</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; text-align: right; padding-left: 3pt; text-indent: 0pt">2,698</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; text-align: center; padding-left: 3pt; text-indent: 0pt"><FONT STYLE="color: #00245D">(iii)</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt; text-indent: 0pt"><B>LIABILITIES</B></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; text-align: right; padding-left: 3pt; text-indent: 0pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; text-align: right; padding-left: 3pt; text-indent: 0pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; text-align: right; padding-left: 3pt; text-indent: 0pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; text-align: center; padding-left: 3pt; text-indent: 0pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding-left: 3pt; text-indent: 0pt; color: #00245D"><FONT STYLE="color: #00245D">Lease liabilities (non-current) </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; text-align: right; padding-left: 3pt; text-indent: 0pt">_</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; text-align: right; padding-left: 3pt; text-indent: 0pt">242,911</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; text-align: right; padding-left: 3pt; text-indent: 0pt"><FONT STYLE="color: #00245D">242,911</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; text-align: center; padding-left: 3pt; text-indent: 0pt"><FONT STYLE="color: #00245D">(iv)</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding-left: 3pt; text-indent: 0pt; color: #00245D"><FONT STYLE="color: #00245D">Debt &amp; other financing (non-current)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; text-align: right; padding-left: 3pt; text-indent: 0pt">926,868</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; text-align: right; padding-left: 3pt; text-indent: 0pt"><FONT STYLE="color: #00245D">(615)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; text-align: right; padding-left: 3pt; text-indent: 0pt"><FONT STYLE="color: #00245D">926,253</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; text-align: center; padding-left: 3pt; text-indent: 0pt"><FONT STYLE="color: #00245D">(v)</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding-left: 3pt; text-indent: 0pt; color: #00245D"><FONT STYLE="color: #00245D">Lease liabilities (current)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; text-align: right; padding-left: 3pt; text-indent: 0pt">_</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; text-align: right; padding-left: 3pt; text-indent: 0pt"><FONT STYLE="color: #00245D">20,383</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; text-align: right; padding-left: 3pt; text-indent: 0pt">20,383</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; text-align: center; padding-left: 3pt; text-indent: 0pt"><FONT STYLE="color: #00245D">(iv)</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; border-left: #00245D 1pt solid; padding-left: 3pt; text-indent: 0pt; color: #00245D">Trade payables </TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; color: #00245D; text-align: right; padding-left: 3pt; text-indent: 0pt">22,125</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; color: #00245D; text-align: right; padding-left: 3pt; text-indent: 0pt">(83)</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; color: #00245D; text-align: right; padding-left: 3pt; text-indent: 0pt"><FONT STYLE="color: #00245D">22,042</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; color: #00245D; text-align: center; padding-left: 3pt; text-indent: 0pt"><FONT STYLE="color: #00245D">(v)</FONT></TD></TR>
  </TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #00245D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.1pt"></TD><TD STYLE="width: 18pt">(i)</TD><TD STYLE="text-align: justify">Transfer of previously capitalized assets under finance leases to right-of-use assets.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #00245D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.1pt"></TD><TD STYLE="width: 18pt">(ii)</TD><TD STYLE="text-align: justify">Initial recognition of right-of-use assets, transfer of previously recognized finance leases and of lease
prepayments being part of the right-of-use asset cost at transition.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #00245D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.1pt"></TD><TD STYLE="width: 18pt">(iii)</TD><TD STYLE="text-align: justify">Transfer of lease prepayments being part of the right-of-use assets&rsquo; cost at transition.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #00245D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.1pt"></TD><TD STYLE="width: 18pt">(iv)</TD><TD STYLE="text-align: justify">Initial recognition of lease liabilities and transfer of previously recognized finance lease liabilities.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #00245D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.1pt"></TD><TD STYLE="width: 18pt">(v)</TD><TD STYLE="text-align: justify">Transfer of previously recognized finance lease liabilities to new lease liabilities accounts.</TD></TR></TABLE>

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


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<P STYLE="color: #42C4DD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Tigo Guatemala Companies &ndash; Combined Financial
Statements</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"></P>

<DIV STYLE="border-bottom: Black 0.5pt solid; padding: 0in 0in 1pt">

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"><B>As of December 31, 2020 and 2019 and for the years
ended December 31, 2020 and 2019</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0">&nbsp;</P>

</DIV>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; color: #00245D; text-align: justify">&nbsp;</P>
</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #42C4DD; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #42C4DD; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: 28.35pt; text-align: left"><B>2.</B></TD><TD><B>SUMMARY OF COMBINATION AND ACCOUNTING POLICIES (Continued)</B></TD>
</TR></TABLE>

<P STYLE="color: #42C4DD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.1pt; text-align: justify">As a result of the adoption
of IFRS 16 <I>Leases</I>, lease liabilities are presented in the statement of financial position as follows:</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.1pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 95%; border-collapse: collapse; margin-left: 28.35pt">
  <TR STYLE="background-color: #42C4DD">
    <TD STYLE="padding-right: 3pt; width: 70%; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; border-left: #002060 1pt solid; border-top: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>US$ &lsquo;000</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 16%; border-top: #00245D 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>2020</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 14%; border-top: #00245D 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>2019</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; border-left: Black 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Opening balance</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">242,568</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">263,294</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; border-left: Black 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Additions</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">6,256</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">15,897</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; border-left: Black 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Liabilities amortization</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(25,867)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(24,647)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; border-left: Black 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Liabilities remeasurement</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">6,102</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(10,841)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; border-left: Black 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Revaluation</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">231</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(1,135)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; border-left: Black 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Total lease liabilities (i)</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>229,290</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>242,568</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; border-left: Black 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Lease liabilities (current) </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">24,035</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">20,592 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; border-bottom: #00245D 1pt solid; border-left: Black 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Lease liabilities (non-current)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">205,255</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">221,976</FONT></TD></TR>
  </TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #00245D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.1pt"></TD><TD STYLE="width: 12.4pt">(i)</TD><TD STYLE="text-align: justify">And as a result of the application of IFRS 16, previous finance lease liabilities are included in the
total lease liabilities, $544 thousands in 2020 and $615 thousands in 2019.</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 0pt 40.5pt; text-align: justify; color: #00245D">As permitted under IFRS16,
the Combined Group has elected not to recognize a lease liability for short term or for leases of low value assets. Payments associated
with short-term leases of vehicles and low-value assets associated with office furniture are recognized as an expense in the statement
of income.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 40.5pt; text-align: justify; color: #00245D">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.1pt; text-align: justify">In applying IFRS 16
for the first time, the Combined Group has used the following practical expedients permitted by the standard:</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.1pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #00245D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 45.8pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">the use of a single discount rate to a portfolio
of leases with reasonably similar characteristics,</FONT></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: #00245D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 45.8pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">reliance on previous assessments on whether leases
are onerous,</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: 28.35pt; text-align: left"><B>2.23</B></TD><TD><B>Changes in accounting policies (Continued)</B></TD>
</TR></TABLE>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #00245D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 45.8pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">the accounting for operating leases with a remaining
lease term of less than 12 months as of January 1, 2019 as short-term leases,</FONT></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: #00245D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 45.8pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">the exclusion of initial direct costs for the
measurement of the right-of-use asset at the date of initial application, and</FONT></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: #00245D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 45.8pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">the use of hindsight in determining the lease
term where the contract contains options to extend or terminate the lease.</FONT></TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.1pt; text-align: justify">The Combined Group leases
various sites, towers, offices, warehouses, retail stores, equipment and cars. Rental contracts are typically made for fixed periods but
may have extension options as described below. Lease terms are negotiated on an individual basis and contain a wide range of different
terms and conditions. The lease agreements do not impose any covenants, but leased assets may not be used as security for borrowing purposes.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.1pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.1pt; text-align: justify">Through December 31,
2018, leases of property, plant and equipment were classified as either finance or operating leases. Payments made under operating leases
(net of any incentives received from the lessor) were charged to the statement of income on a straight-line basis over the period of the
lease. From January 1, 2019, leases are recognized as a right-of-use asset and a corresponding liability at the date at which the leased
asset is available for use by the Combined Group. Each lease payment is allocated between the liability and finance cost. The finance
cost is charged to profit or loss over the lease period so as to produce a constant periodic rate of interest on the remaining balance
of the liability for each period. The right-of-use asset is depreciated over the shorter of the asset's useful life and the lease term
on a straight-line basis.<BR STYLE="clear: both"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0 0pt 28.1pt; text-align: justify">&nbsp;</P>

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


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #42C4DD; margin: 0pt 0; text-align: justify"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"><B>Tigo Guatemala Companies &ndash; Combined Financial
Statements</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D"></P>

<DIV STYLE="border-bottom: Black 0.5pt solid; padding: 0in 0in 1pt">

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D"><B>As of December 31, 2020 and 2019 and for the years
ended December 31, 2020 and 2019</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D">&nbsp;</P>

</DIV>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; color: #00245D; text-align: justify">&nbsp;</P></P>


<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.1pt; color: #00245D; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.1pt; color: #00245D; text-align: justify"></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.1pt; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #42C4DD; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.1pt"><B>2.</B></TD><TD STYLE="text-align: justify"><B>SUMMARY OF COMBINATION AND ACCOUNTING POLICIES (Continued)</B></TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.1pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: 28.35pt; text-align: left"><B>2.23</B></TD><TD><B>Changes in accounting policies (Continued)</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.1pt; text-align: justify">Assets and liabilities
arising from a lease are initially measured on a present value basis. Lease liabilities include the net present value of the following
lease payments:</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.1pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #00245D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 45.8pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">fixed payments (including in-substance fixed payments),
less any lease incentives receivable,</FONT></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: #00245D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 45.8pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">variable lease payment that are based on an index
or a rate,</FONT></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: #00245D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 45.8pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">amounts expected to be payable by the lessee under
residual value guarantees the exercise price of a purchase option if the lessee is reasonably certain to exercise that option, and</FONT></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: #00245D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 45.8pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">payments of penalties for terminating the lease,
if the lease term reflects the lessee exercising that option.</FONT></TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.1pt; text-align: justify">The lease payments are
discounted using the interest rate implicit in the lease. If that rate cannot be determined, the lessee&rsquo;s incremental borrowing
rate is used, being the rate that the lessee would have to pay to borrow the funds necessary to obtain an asset of similar value in a
similar economic environment with similar terms and conditions. The incremental borrowing rate applied can have a significant impact on
the net present value of the lease liability recognized under IFRS 16.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.1pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.1pt; text-align: justify">The Combined Group is
also exposed to potential future increases in variable lease payments based on an index or rate, which are not included in the lease liability
until they take effect. When adjustments to lease payments based on an index or rate take effect, the lease liability is adjusted against
the right-of-use asset by discounting the revised lease payments using either the initial discount rate or a revised discount rate.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.1pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.1pt; text-align: justify">According to the
IFRS 16, lease term is defined as the non-cancellable period for which a lessee has the right to use an underlying asset, together
with both: (a) periods covered by an option to extend the lease if the lessee is reasonably certain to exercise that option; and (b)
periods covered by an option to terminate if the lessee is reasonably certain not to exercise that option. The assessment of such
options is performed at the commencement of a lease. As part of the assessment, the Combined Group introduced the &ldquo;time
horizon concept&rdquo;, the reasonable term under which the company expects to use a leased asset considering economic incentives,
management decisions, business plans and the fast-paced industry Combined Group operates in. The assessment must be focused on the
economic incentives for Combined Group to exercise (or not) an option to early terminate/extend a contract. The Combined Group has
decided to work on the basis the lessor will generally accept a renewal/not early terminate a contract, as there is an economic
incentive to maintain the contractual relationship.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.1pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.1pt; text-align: justify">The Combined Group considered
the specialized nature of most of its assets under lease, there is a low likelihood the lessor can find a third party to substitute Combined
Group as lessee and past practice to conclude that the lease term can go beyond the notice period when there is more than an insignificant
penalty for the lessor not to renew the lease. This analysis requires judgment and has a significant impact on the lease liability recognized
under IFRS 16.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.1pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28pt; text-align: justify">Right-of-use assets are
measured at cost comprising the following:</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 31.65pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">the amount of the initial measurement of lease
liability, </FONT></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: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 31.65pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">any lease payments made at or before the commencement
date less any lease incentives received, </FONT></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: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 31.65pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">any initial direct costs, and </FONT></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: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 31.65pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">restoration costs.</FONT></TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.1pt; text-align: justify">Finally, the Combined
Group has taken the additional following decisions in adopting the standard:</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.1pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 31.65pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">non-lease components are capitalized (IFRS16.15),
and</FONT></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: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 31.65pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">intangible assets are out of IFRS 16 scope (IFRS16.4).</FONT></TD></TR></TABLE>

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


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<P STYLE="color: #42C4DD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Tigo Guatemala Companies &ndash; Combined Financial
Statements</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"></P>

<DIV STYLE="border-bottom: Black 0.5pt solid; padding: 0in 0in 1pt">

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"><B>As of December 31, 2020 and 2019 and for the years
ended December 31, 2020 and 2019</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0">&nbsp;</P>

</DIV>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; color: #00245D; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; color: #00245D; text-align: justify">&nbsp;</P>
</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #42C4DD; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: 28.35pt; text-align: left"><B>2.</B></TD><TD><B>SUMMARY OF COMBINATION AND ACCOUNTING POLICIES (Continued)</B></TD>
</TR></TABLE>

<P STYLE="color: #42C4DD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.1pt; text-align: justify"><B><I>New and amended
IFRS standards</I></B></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.1pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.1pt; text-align: justify; color: #00245D">The following changes
to standards effective for annual periods starting on January 1, 2020 have been adopted by the Combined Group and did not have any significant
impact on the Company&acute;s accounting policies or disclosures and did not require retrospective adjustments:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.1pt; text-align: justify; color: #00245D">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 34pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Amendments to the conceptual framework. The IASB
has revised its conceptual framework.</FONT></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: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 34pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Amendments to IAS 1 <I>Presentation of financial
statements</I>, and IAS 8, &lsquo;Accounting policies, changes in accounting estimates and errors&rsquo;.</FONT></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: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 34pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Amendments to IFRS 9, IAS 39 and IFRS 7 - Interest
Rate Benchmark Reform.</FONT></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: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 34pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Amendments to IFRS 3 - Definition of a business.
This amendment revises the definition of a business.</FONT></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"><TR STYLE="vertical-align: top">
<TD STYLE="width: 34pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; color: #00245D">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #002060">Amendment to IFRS 16 <I>Leases</I>
- 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</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #00245D">.</FONT></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 0pt 28.1pt; text-align: justify; color: #00245D">The following changes
to standards not yet effective are not expected to materially affect the Combined Group:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.1pt; text-align: justify; color: #00245D">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #00245D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 34pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">IFRS 17 <I>Insurance Contracts</I> -
                                                                                                           effective for annual periods starting on January 1, 2023 - IFRS 17 will not have an impact for the Combined Group. IFRS 17 has not
                                                                                                           been yet endorsed by the EU.</FONT></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: #00245D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 34pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Amendments to IFRS 4 <I>Insurance
                                                                                                           Contracts</I> (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 Combined Group.</FONT></TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><B>2.23&nbsp;Changes
in accounting policies (Continued)</B></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #00245D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 34pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Amendments to IAS 1 <I>Presentation of
                                                                                                           Financial Statements</I> - 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 &ldquo;settlement&rdquo; of a liability. This amendment has not yet been
                                                                                                           endorsed by the EU.</FONT></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: #00245D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 34pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">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.</FONT></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 0pt 28.1pt; text-align: justify; color: #00245D">Amendments to</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.1pt; text-align: justify; color: #00245D">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #00245D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 34pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">IFRS 3 <I>Business Combinations</I> - Reference
to Conceptual Framework</FONT></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: #00245D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 34pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">IAS 16 <I>Property, Plant and Equipment</I> -
Proceeds before intended use</FONT></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: #00245D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 34pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">IAS 37 <I>Provisions, Contingent Liabilities and
Contingent Assets</I> - Cost of fulfilling a contract</FONT></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: #00245D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 34pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Annual improvements to IFRS Standards 2018-2020,
affecting IFRS 1, IFRS 9, IFRS 16 and IAS 41</FONT></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 0pt 28.1pt; text-align: justify; color: #00245D">All these amendments
are effective for annual periods starting on January 1, 2022.<BR STYLE="clear: both"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.1pt; text-align: justify; color: #00245D">&nbsp;</P>

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


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #42C4DD; margin: 0pt 0; text-align: justify"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"><B>Tigo Guatemala Companies &ndash; Combined Financial
Statements</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D"></P>

<DIV STYLE="border-bottom: Black 0.5pt solid; padding: 0in 0in 1pt">

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D"><B>As of December 31, 2020 and 2019 and for the years
ended December 31, 2020 and 2019</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D">&nbsp;</P>

</DIV>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; color: #00245D; text-align: justify">&nbsp;</P></P>


<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.1pt; text-align: justify; color: #00245D">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.1pt; text-align: justify; color: #00245D"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.1pt; text-align: justify; color: #00245D"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.1pt; text-align: justify; color: #00245D"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #42C4DD"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>3.</B></TD><TD STYLE="text-align: justify"><B>SIGNIFICANT ACCOUNTING JUDGEMENTS AND ESTIMATES </B></TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><B><I>Judgments</I></B></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Management judgment
is applied in application of IFRS accounting policies and accounting treatment in preparation of these combined financial statements.
In particular, a significant level of judgment is applied regarding the following items:</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #00245D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Contingent liabilities &ndash; the determination
of whether or not a provision should be recorded for any potential liabilities.</FONT></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: #00245D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Leases &ndash; in determining the lease term,
including the assessment of whether the exercise of extension or termination option is reasonably certain and the corresponding impact
on the selected lease term. </FONT></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: #00245D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Acquisition &ndash; allocation of excess of purchase
price between newly identified assets and goodwill, measurement of property, plant and equipment and intangible assets and assessment
of useful lives.</FONT></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: #00245D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Scope of entities combined &ndash; the combined
financial statements only include subsidiaries of the Tigo Guatemala located in Guatemala and therefore do not consolidate other subsidiaries
outside Guatemala that are not material over which the Combined Group has control as of, and for, the periods presented.</FONT></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 0pt 28.35pt; text-align: justify; color: #00245D"><B><I>Estimates </I></B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify; color: #00245D">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Estimates are continually
evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable
under the circumstances. Because of inherent uncertainties in this evaluation process, actual results may be different from originally
estimated amounts. These estimates are subject to change as new information becomes available and may significantly affect future operating
results.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><B><I>Estimates</I>
(Continued)</B></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Significant estimates
have been applied in respect of the following items:</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #00245D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Estimating useful lives of property, plant and
equipment and intangible assets.</FONT></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: #00245D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Estimation of provisions, particularly related
to bad debt, legal, tax risks and asset retirement obligations.</FONT></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: #00245D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Revenue recognition (see note 2.18).</FONT></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: #00245D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">For leases, estimates in determining the incremental
borrowing rate for discounting the lease payments in case interest rate implicit in the lease cannot be determined.</FONT></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: #00245D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Impairment testing including weighted average
cost of capital (WACC) and long-term growth rates.</FONT></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: #00245D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Accounting for share-based payments, in particular
estimates of forfeitures and future performance criteria.</FONT></TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">For our critical accounting
estimates reference is made to the relevant individual notes to these combined financial statements, more specifically note 5 &ndash;
Breakdown of operating profit, note&nbsp;7 &ndash; Taxes, note&nbsp;8 &ndash; Intangible assets, note&nbsp;9 &ndash; Property, plant and
equipment, note 10 &ndash; Right-of-use assets, note&nbsp;12 &ndash; Trade receivables, note 15 &ndash; Shared based compensation, note&nbsp;24
&ndash; Commitments and contingencies.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>


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<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Tigo Guatemala Companies &ndash; Combined Financial
Statements</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"></P>

<DIV STYLE="border-bottom: Black 0.5pt solid; padding: 0in 0in 1pt">

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"><B>As of December 31, 2020 and 2019 and for the years
ended December 31, 2020 and 2019</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0">&nbsp;</P>

</DIV>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; color: #00245D; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; color: #00245D; text-align: justify">&nbsp;</P>


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #42C4DD"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>4.</B></TD><TD STYLE="text-align: justify"><B>ACQUISITIONS OF BUSINESS </B></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 0pt 28.35pt; text-align: justify; color: #00245D">During the twelve-month
period ended December 31, 2020, the Combined Group, made the following acquisition:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify; color: #00245D">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify; color: #00245D"><B>Alexa Project:</B></P>

<P STYLE="color: #002060; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">On September 1, 2020,
the Combined Group acquired a cable business of Alexa project for $2.3 million. The Combined Group acquired 100% of the customer list,
network infrastructure and operating assets of the entity. The acquisition was made considering its strategic region location, for both
its economy and its platform for convergence which will serve to penetrate the Combined Group brand at country level and thereby increase
the subscribers and the network infrastructure.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify; color: #00245D">The Combined Group
measured the acquisition at fair value at the date of acquisition as follows:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify; color: #00245D">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 95%; border-collapse: collapse; margin-left: 28.35pt">
  <TR STYLE="background-color: #42C4DD">
    <TD STYLE="padding-right: 3pt; border: Black 1pt solid; color: #00245D; padding-left: 3pt; text-indent: 0pt"><FONT STYLE="color: white"><B>US$ &lsquo;000</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-top: Black 1pt solid; border-right: black 1pt solid; border-bottom: Black 1pt solid; text-align: center; color: #00245D; padding-left: 3pt; text-indent: 0pt"><FONT STYLE="color: white"><B>Alexa</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; vertical-align: bottom; border-left: Black 1pt solid; padding-left: 3pt; text-indent: 0pt; color: #00245D">Goodwill acquired&#9;</TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt; text-indent: 0pt">1,520</TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; vertical-align: bottom; border-left: Black 1pt solid; padding-left: 3pt; text-indent: 0pt; color: #00245D">Customer list&#9;</TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt; text-indent: 0pt">569</TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; vertical-align: bottom; border-left: Black 1pt solid; padding-left: 3pt; text-indent: 0pt; color: #00245D">Fair value of net assets&#9;</TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt; text-indent: 0pt">208</TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 3pt; text-indent: 0pt; color: #00245D"><B>Total</B> &#9;</TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt; text-indent: 0pt"><B>2,297</B></TD></TR>
  </TABLE>
<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0 0pt 28.35pt; text-align: justify">The fair value of intangible
assets has been determined by applying the income approach technique. The calculation is based on variables that are not observable in
the market. The estimated fair value is based on:</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #00245D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Discount rate of 9.8%.</FONT></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: #00245D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">A terminal value calculated based on long-term
sustainable growth rates of 2%, which was used to determine revenues in the coming years.</FONT></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: #00245D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">An operating margin of 23.8%, a client loss rate
of 11% and an average rate of charges for contributory assets of 4.8%.</FONT></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 0pt 28.35pt; text-align: justify; color: #00245D">During the twelve-month
period ended December 31, 2019, the Combined Group did not complete any acquisition.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify; color: #00245D">&nbsp;</P>


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<P STYLE="color: #42C4DD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Tigo Guatemala Companies &ndash; Combined Financial
Statements</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"></P>

<DIV STYLE="border-bottom: Black 0.5pt solid; padding: 0in 0in 1pt">

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"><B>As of December 31, 2020 and 2019 and for the years
ended December 31, 2020 and 2019</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0">&nbsp;</P>

</DIV>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; color: #00245D; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; color: #00245D; text-align: justify">&nbsp;</P>
</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #42C4DD; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: 28.35pt; text-align: left"><B>5.</B></TD><TD><B>BREAKDOWN OF OPERATING PROFIT</B></TD>
</TR></TABLE>

<P STYLE="color: #42C4DD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">The gross profit and
operating profit of the Combined Group can be summarized as follows for the years ended December 31:</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 95%; border-collapse: collapse; margin-left: 28.35pt">
  <TR STYLE="background-color: #42C4DD">
    <TD STYLE="padding-right: 3pt; width: 72%; border: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>US$ &lsquo;000</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 15%; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>2020</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 13%; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>2019</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Airtime revenue</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">1,054,542 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">1,037,819 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Telephone and equipment</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">229,931 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">200,365 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Home subscriptions</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">136,894 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">117,450 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Data links.</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">50,226 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">48,253 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Other income</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">30,921 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">28,906 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Revenue from contracts with customers</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>1,502,514 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>1,432,793 </B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Cost of rendering telecommunication services</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(359,889)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(335,349)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Gross profit</B>..</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>1,142,625 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>1,097,444 </B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Depreciation and amortization (see notes 8, 9 and 10)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(237,064)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(226,662)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Dealer commissions</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(99,057)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(90,639)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Employee related costs (see note 6)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(67,063)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(64,940)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Sites and network maintenance</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(63,622)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(60,617)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">External services</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(38,170)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(34,146)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Other expenses</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(30,055)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(29,809)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Phone subsidies</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(28,178)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(28,331)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Advertising and promotion</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(23,051)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(29,088)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Other fees and costs</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(15,484)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(14,224)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Loss on disposal and impairment of assets, net</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(3,146)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(4,734)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Operating lease expense</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(489)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(717)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Operating profit</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>537,246 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>513,537 </B></FONT></TD></TR>
  </TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #42C4DD; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>6.</B></TD><TD STYLE="text-align: justify"><B>EMPLOYEE RELATED COSTS</B></TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Employee related costs
are comprised of the following for the years ended December 31:</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 95%; border-collapse: collapse; margin-left: 28.35pt">
  <TR STYLE="background-color: #42C4DD">
    <TD STYLE="padding-right: 3pt; width: 74%; border: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>US$ &lsquo;000</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 14%; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>2020</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 12%; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>2019</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Wages and salaries</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(66,608)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(65,238)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Social security.</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(4,474)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(4,239)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Other employee related costs</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(1,699)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(3,111)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Share based compensation</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(289)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(738)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Capitalized employee related costs</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">6,007 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">8,386 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Total</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>(67,063)</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>(64,940)</B></FONT></TD></TR>
  </TABLE>
<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0 0pt 28.35pt; text-align: justify">The average number
of permanent employees during the years ended December 31, 2020 and 2019 was as follows:</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 95%; border-collapse: collapse; margin-left: 28.35pt">
  <TR STYLE="background-color: #42C4DD">
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; width: 72%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: #00245D 1pt solid; border-left: Black 1pt solid; color: #00245D; padding-left: 3pt; text-indent: 0pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; width: 15%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt; text-indent: 0pt"><FONT STYLE="color: white"><B>2020</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 13%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt; text-indent: 0pt"><FONT STYLE="color: white"><B>2019</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; border-left: #00245D 1pt solid; padding-left: 3pt; text-indent: 0pt; color: #00245D"><FONT STYLE="color: #00245D">Total average number of permanent employees</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; color: #00245D; text-align: center; padding-left: 3pt; text-indent: 0pt"><FONT STYLE="color: #00245D"><B>3,272</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; color: #00245D; text-align: center; padding-left: 3pt; text-indent: 0pt"><FONT STYLE="color: #00245D"><B>3,177</B></FONT></TD></TR>
  </TABLE>

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

<!-- Field: Page; Sequence: 33; Value: 6 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->32<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->
<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Tigo Guatemala Companies &ndash; Combined Financial
Statements</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"></P>

<DIV STYLE="border-bottom: Black 0.5pt solid; padding: 0in 0in 1pt">

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"><B>As of December 31, 2020 and 2019 and for the years
ended December 31, 2020 and 2019</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0">&nbsp;</P>

</DIV>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; color: #00245D; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; color: #00245D; text-align: justify">&nbsp;</P>


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #42C4DD; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>7.</B></TD><TD STYLE="text-align: justify"><B>TAXES</B></TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Guatemalan companies
are subject to all taxes applicable to Guatemalan limited liability companies. The effective tax rate in 2020 is 19% (2019: 18%). The
reconciliation between the average statutory tax rate and the effective average tax rate is as follows for the years ended December 31:</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 95%; border-collapse: collapse; margin-left: 28.35pt">
  <TR STYLE="background-color: #42C4DD">
    <TD STYLE="padding-right: 3pt; width: 70%; border: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; width: 15%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>2020<BR>
%</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 15%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>2019<BR>
%</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Statutory tax rate (based on income)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">25 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">25 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Permanent differences</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(6)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(7)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Effective tax rate</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>19 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>18 </B></FONT></TD></TR>
  </TABLE>
<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0 0pt 28.35pt; text-align: justify">The charge for income
taxes is shown in the following table and recognizes that revenue and expense items may affect the financial statements and tax returns
in different periods (temporary differences) for the years ended December 31:</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 95%; border-collapse: collapse; margin-left: 28.35pt">
  <TR STYLE="background-color: #42C4DD">
    <TD STYLE="padding-right: 3pt; width: 70%; border-top: #002060 1pt solid; border-right: #00245D 1pt solid; border-bottom: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>US$ &lsquo;000 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 15%; border-top: #002060 1pt solid; border-right: #00245D 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>2020</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 15%; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>2019</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Income tax charge</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(89,363)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(78,745)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Net deferred income tax benefit (expense)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">6,132 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">327 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Charge for taxes</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>(83,231)</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>(78,418)</B></FONT></TD></TR>
  </TABLE>
<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0 0pt 28.35pt; text-align: justify">The tax effects of
significant items excluding the exchange movements and comprising the Combined Group&rsquo;s net deferred income tax asset and liability
as of December 31, 2020 and 2019 are as follows:</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 95%; border-collapse: collapse; margin-left: 28.35pt">
  <TR STYLE="background-color: #42C4DD">
    <TD ROWSPAN="2" STYLE="padding-right: 3pt; border: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>US$ &lsquo;000 </B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 3pt; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>Combined<BR>
Statement of<BR>
Financial<BR>
Position</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 3pt; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>Combined<BR>
Income<BR>
Statement</B></FONT></TD></TR>
  <TR STYLE="background-color: #42C4DD">
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>2020</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>2019</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>2020</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>2019</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; width: 56%; border-left: #00245D 1pt solid; border-right: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Temporary differences between book and tax basis of:</FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 12%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; width: 12%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; width: 11%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; width: 9%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Property plant and equipment</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">25,750</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">24,023 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Intangible assets</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(18,496)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(19,449)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Leases</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">1,129</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">504 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Contract assets, bad debt and others</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">5,890</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">3,215 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Deferred tax benefit</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>6,132 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>327 </B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Deferred tax assets, net</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>14,273</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>8,293 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Reflected in the statements of financial position as:</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Deferred tax assets</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">25,275 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">19,973 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Deferred tax liabilities</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(11,002)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(11,680)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0 0pt 28.35pt; text-align: justify">Deferred income tax
assets and liabilities reflect temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes
and the amounts used for income tax purposes. There are no carried forward tax losses within the combined entities.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Income tax assets and
liabilities for current and prior periods are measured at the amount expected to be recovered from or paid to the taxation authorities.
The tax rate and tax laws used to compute the amount are those enacted or substantively enacted by the statement of financial position
date.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>


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<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Tigo Guatemala Companies &ndash; Combined Financial
Statements</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"></P>

<DIV STYLE="border-bottom: Black 0.5pt solid; padding: 0in 0in 1pt">

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"><B>As of December 31, 2020 and 2019 and for the years
ended December 31, 2020 and 2019</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0">&nbsp;</P>

</DIV>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; color: #00245D; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; color: #00245D; text-align: justify">&nbsp;</P>


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #42C4DD; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>7.</B></TD><TD STYLE="text-align: justify"><B>TAXES (Continued)</B></TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt">Income tax assets as of December 31, of
each year comprise:</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 95%; border-collapse: collapse; margin-left: 28.35pt">
  <TR STYLE="background-color: #42C4DD">
    <TD STYLE="padding-right: 3pt; width: 70%; border: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>US$ &lsquo;000 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 15%; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>2020</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 15%; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>2019</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Income tax assets</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">4,134</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">6,651</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Total</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>4,134</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>6,651</B></FONT></TD></TR>
  </TABLE>
<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0 0pt 28.35pt; text-align: justify">As of December 31,
2020 the Combined Group has an income tax liability of $14,914 thousand (2019: $8,383 thousand)</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #42C4DD; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>8.</B></TD><TD STYLE="text-align: justify"><B>INTANGIBLE ASSETS</B></TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt">Movements in intangible assets in 2020 were
as follows:</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 95%; border-collapse: collapse; margin-left: 28.35pt">
  <TR STYLE="background-color: #42C4DD">
    <TD STYLE="padding-right: 3pt; width: 38%; border: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>US$ &lsquo;000</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 12%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>Goodwill</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 12%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>Licenses</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 14%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>Customer<BR>
lists</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 12%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>Other (i)</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 12%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>Total</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Opening balance, net</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>79,510</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>46,801 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>25,133</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>59,558 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>211,002 </B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Additions</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">1,520</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">80,965 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">569</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">19,689 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">102,743 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Amortization charge</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(4,187)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(28,436)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(32,623)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Transfers (to)/from PP&amp;E</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(11)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">80 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">69 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Disposals</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(11)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(11)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Exchange rate movements</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(1,257) </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">325</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(160)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(645)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(1,737)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Closing balance, net</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>79,762 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>128,091 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>21,355 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>50,235 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>279,443 </B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>As of 31 December 31, 2020</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Cost</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">79,762 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">168,069 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">50,373 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">156,317 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">454,521 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Accumulated amortization</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(39,978)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(29,018)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(106,082)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(175,078)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Net</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>79,762 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>128,091 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>21,355 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>50,235 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>279,443 </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 Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #00245D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 14.2pt"><I>(i)</I></TD><TD STYLE="text-align: justify"><I>Other caption mainly relates to IRUs and broadcasting rights.</I></TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt">Movements in intangible assets in 2019 were
as follows:</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 95%; border-collapse: collapse; margin-left: 28.35pt">
  <TR STYLE="background-color: #42C4DD">
    <TD STYLE="padding-right: 3pt; width: 41%; border: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>US$ &lsquo;000</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 11%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>Goodwill</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 12%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>Licenses</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 13%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>Customer<BR>
lists</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 11%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>Other (i)</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 12%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>Total</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Opening balance, net</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>78,999 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>20,310 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>29,181 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>46,861 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>175,351 </B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Additions</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">28,078 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">17,287 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">45,365 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Amortization charge</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(1,664)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(4,176)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(19,522)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(25,362)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Transfers (to)/from PP&amp;E</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">15,335 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">15,335 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Disposals</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(686)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(686)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Exchange rate movements</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">511 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">77 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">128 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">283 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">999 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Closing balance, net</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>79,510 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>46,801 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>25,133 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>59,558 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>211,002 </B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>As of December 31, 2019</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Cost</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">79,510 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">87,272 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">50,307 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">148,102 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">365,191 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Accumulated amortization</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(40,471)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(25,174)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(88,544)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(154,189)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Net</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>79,510 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>46,801 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>25,133 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>59,558 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>211,002 </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 Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #00245D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 14.2pt"><I>(i)</I></TD><TD STYLE="text-align: justify"><I>Other caption mainly relates to IRUs and broadcasting rights.</I></TD></TR></TABLE>

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


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<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Tigo Guatemala Companies &ndash; Combined Financial
Statements</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"></P>

<DIV STYLE="border-bottom: Black 0.5pt solid; padding: 0in 0in 1pt">

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"><B>As of December 31, 2020 and 2019 and for the years
ended December 31, 2020 and 2019</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0">&nbsp;</P>

</DIV>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; color: #00245D; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; color: #00245D; text-align: justify">&nbsp;</P>


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #42C4DD; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>8.</B></TD><TD STYLE="text-align: justify"><B>INTANGIBLE ASSETS (Continued)</B></TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">The following table
provides details of cash used for the purchase of intangible assets:</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 95%; border-collapse: collapse; margin-left: 28.35pt">
  <TR STYLE="background-color: #42C4DD">
    <TD STYLE="padding-right: 3pt; width: 68%; border: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>US$ &lsquo;000</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 15%; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>2020</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 17%; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>2019</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Additions (i)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">102,743</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">45,365</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Decrease in payables for intangible assets</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">4,557</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">6,937</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Cash used for the purchase of intangible assets</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>107,300</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>52,302</B></FONT></TD></TR>
  </TABLE>
<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><FONT STYLE="color: #002060"><I>&nbsp;</I></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0 0pt 28.35pt; text-align: justify"><FONT STYLE="color: #002060"><I>(i)
In 2020 it Includes </I></FONT><I><FONT STYLE="color: #00245D">the acquisition of radioelectric spectrum for $83 million and the Alexa
Project for $2.3 million. (2019, includes acquisitions of radioelectric spectrum for $30 million).</FONT></I></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt"><B><I>Impairment test of goodwill</I></B></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">As of December 31,
2020 and 2019, management tested goodwill for impairment. The Combined Group determines whether goodwill is impaired at least on an annual
basis. This requires an estimation of the recoverable amount of the cash-generating unit (or group of cash-generating units) to which
the goodwill is allocated.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">The recoverable amount
of a cash-generating unit (&ldquo;CGU&rdquo;) or group of CGUs is determined based on discounted cash flows. The cash flow projections
used (adjusted operating profit margins, income tax, working capital, capital expenditure and license renewal cost) are extracted from
financial budgets approved by management and the Board of MIC and Miffin Group in Guatemala covering a period of fifteen years. The planning
horizon reflects industry practice in the country where the Combined Group operates. Cash flows beyond this period are extrapolated using
a perpetual growth rate of 1% (2019: 1.1%). The Combined Group has determined that the Combined Group is the only CGU based on the decision-making
process as well as the level of detail of available information .</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">The recoverable amount
has been determined for the cash generating unit based on discount rate of 8.2% for the year ended December 31, 2020 (2019: 9%). Based
on the results of the impairment test performed, management concluded that no impairment losses should be recorded on goodwill for the
years ended December 31, 2020 and 2019.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Sensitivity analysis
was performed on key assumptions within the impairment tests, including long-term growth rates, discount rates and operating profits.
The sensitivity analysis determined that sufficient margin exists from realistic changes to the assumptions that would not impact the
overall results of the testing.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>


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<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Tigo Guatemala Companies &ndash; Combined Financial
Statements</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"></P>

<DIV STYLE="border-bottom: Black 0.5pt solid; padding: 0in 0in 1pt">

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"><B>As of December 31, 2020 and 2019 and for the years
ended December 31, 2020 and 2019</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0">&nbsp;</P>

</DIV>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; color: #00245D; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; color: #00245D; text-align: justify">&nbsp;</P>


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #42C4DD; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>9.</B></TD><TD STYLE="text-align: justify"><B>PROPERTY, PLANT AND EQUIPMENT</B></TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Movements in tangible
assets in 2020 were as follows:</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 95%; border-collapse: collapse; margin-left: 28.35pt">
  <TR STYLE="background-color: #42C4DD">
    <TD STYLE="padding-right: 3pt; width: 36%; border: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>US$ &lsquo;000</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 14%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: white"><B>Network<BR>
Equipment</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 11%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: white"><B>Land and Buildings</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 15%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: white"><B>Construction<BR>
in Progress</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 10%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: white"><B>Other (i)</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 14%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: white"><B>Total</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Opening balance, net</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>485,094 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>9,542 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>39,139 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>14,900 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>548,675 </B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Additions</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">150,598 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">1,386 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">3,908 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">5,014 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">160,906 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Net disposals</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(3,180)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(72)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(82)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(137)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(3,471)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Depreciation charge</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(163,577)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(1,944)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(5,934)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(171,455)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Asset retirement obligations</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">3,491 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">3,491 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Transfers (to)/from intangible assets</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">9,669 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(16)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(8,902)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(682)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">69 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Exchange rate movements</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(4,446)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(110)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(510)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">26 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(5,040)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Closing balance as of December 31, 2020</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>477,649 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>8,786 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>33,553 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>13,187 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>533,175 </B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Cost</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">1,616,759 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">21,336 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">33,553 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">57,323 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">1,728,971 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Accumulated depreciation</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(1,139,110)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(12,550)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(44,136)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(1,195,796)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Net</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>477,649 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>8,786 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>33,553 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>13,187 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>533,175 </B></FONT></TD></TR>
  </TABLE>
<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.1pt; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0 0pt 28.1pt; text-align: justify"><I>(i)The caption &ldquo;Other&rdquo;
mainly includes office equipment and motor vehicles.</I></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.1pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Movements in tangible
assets in 2019 were as follows:</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 95%; border-collapse: collapse; margin-left: 28.35pt">
  <TR STYLE="background-color: #42C4DD">
    <TD STYLE="padding-right: 3pt; width: 37%; border: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>US$ &lsquo;000</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 14%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: white"><B>Network<BR>
Equipment</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 11%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: white"><B>Land and Buildings</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 15%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: white"><B>Construction<BR>
in Progress</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 10%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: white"><B>Other (i)</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 13%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: white"><B>Total</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Opening balance, net</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>483,007 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>9,065 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>48,341 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>33,376 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>573,789 </B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Additions&hellip;</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">101,328 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">1,986 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">45,247 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">7,379 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">155,940 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Net disposals</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(3,904)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(229)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(447)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(509)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(5,089)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Depreciation charge</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(155,655)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(1,898)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(10,757)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(168,310)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Asset retirement obligations</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">5,602 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">5,602 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Transfers (to)/from intangible assets</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">53,083 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">570 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(54,233)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(14,755)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(15,335)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Exchange rate movements</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">1,633 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">48 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">231 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">166 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">2,078 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Closing balance as of December 31, 2019</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>485,094 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>9,542 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>39,139 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>14,900 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>548,675 </B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Cost</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">1,538,127 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">21,530 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">39,139 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">61,114 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">1,659,910 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Accumulated depreciation</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(1,053,033)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(11,988)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(46,214)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(1,111,235)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Net</B>.</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>485,094 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>9,542 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>39,139 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>14,900 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>548,675 </B></FONT></TD></TR>
  </TABLE>
<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.1pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0 0pt 28.1pt; text-align: justify"><I>(i) The caption &ldquo;Other&rdquo;
mainly includes office equipment and motor vehicles.</I></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.1pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">The following table
provides details of cash used for the purchase of property, plant and equipment for the years ended December 31:</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 95%; border-collapse: collapse; margin-left: 28.35pt">
  <TR STYLE="background-color: #42C4DD">
    <TD STYLE="padding-right: 3pt; width: 72%; border: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>US$ &lsquo;000</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 14%; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>2020</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 14%; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>2019</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Additions</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">160,906 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">155,940 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Change in suppliers&rsquo; advances</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">2,737 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">4,413 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Change in payables for property, plant and equipment</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">15,680 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(3,462)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Cash used for the purchase of property, plant and equipment</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>179,323</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>156,891</B></FONT></TD></TR>
  </TABLE>
<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0 0pt 28pt; text-align: justify">Borrowing costs capitalized
during the years ended December 31, 2020 and 2019 were not significant.<BR STYLE="clear: both"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28pt; color: #00245D; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28pt; color: #00245D; text-align: justify"></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"></P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"><B>Tigo Guatemala Companies &ndash; Combined Financial
Statements</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D"></P>

<DIV STYLE="border-bottom: Black 0.5pt solid; padding: 0in 0in 1pt">

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D"><B>As of December 31, 2020 and 2019 and for the years
ended December 31, 2020 and 2019</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D">&nbsp;</P>

</DIV>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; color: #00245D; text-align: justify">&nbsp;</P>


<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #42C4DD; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>10.</B></TD><TD STYLE="text-align: justify"><B>RIGHT OF USE ASSETS</B></TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28pt; text-align: justify">Movements in right-of-use
assets in 2020 were as follows:</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 95%; border-collapse: collapse; margin-left: 28.35pt">
  <TR STYLE="background-color: #42C4DD">
    <TD STYLE="padding-right: 3pt; width: 37%; border: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>US$ &lsquo;000</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 10%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: white"><B>Sites<BR>
rental<BR>
RoU</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 11%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: white"><B>Land and Buildings RoU</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 9%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: white"><B>Tower<BR>
rental<BR>
RoU</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 12%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: white"><B>Other network equipment RoU</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 9%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: white"><B>Other PPE RoU</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 12%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: white"><B>Total</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Opening balance, net</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>149,846 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>21,985 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>49,404 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>715 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>16,862 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>238,812 </B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Additions.</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">6,198 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">563 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">2,918 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">2,509 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">119 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">12,307 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Net disposals</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(2,069)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(260)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(113)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(934)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">28 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(3,348)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Depreciation charge</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(22,706)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(3,707)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(4,231)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(126)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(2,216)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(32,986)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Closing balance as of December 31, 2020</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>131,269 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>18,581 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>47,978 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>2,164 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>14,793 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>214,785 </B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Cost</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">176,820 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">25,348 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">56,383 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">2,584 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">18,477 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">279,612 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Accumulated depreciation</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(45,551)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(6,767)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(8,405)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(420)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(3,684)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(64,827)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Net</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>131,269 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>18,581 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>47,978 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>2,164 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>14,793 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>214,785 </B></FONT></TD></TR>
  </TABLE>
<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0 0pt 28pt; text-align: justify">Movements in right-of-use
assets in 2019 were as follows:</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 95%; border-collapse: collapse; margin-left: 28.35pt">
  <TR STYLE="background-color: #42C4DD">
    <TD STYLE="padding-right: 3pt; width: 35%; border: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>US$ &lsquo;000</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 11%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: white"><B>Sites<BR>
rental<BR>
RoU</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 11%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: white"><B>Land and Buildings RoU</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 10%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: white"><B>Tower<BR>
rental<BR>
RoU</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 12%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: white"><B>Other network equipment RoU</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 10%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: white"><B>Other PPE RoU</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 11%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: white"><B>Total</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Opening balance, net</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>169,370 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>24,234 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>52,972 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>854 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>17,917 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>265,347 </B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Additions</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">4,816 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">7,783 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">1,143 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">1 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">7,796 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">21,539 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Net disposals</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(1,350)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(6,373)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(493)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(51)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(6,817)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(15,084)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Depreciation charge</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(22,990)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(3,659)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(4,218)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(89)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(2,034)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(32,990)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Closing balance as of December 31, 2019</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>149,846 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>21,985 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>49,404 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>715 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>16,862 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>238,812 </B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Cost</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">172,691 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">25,045 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">53,579 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">1,009 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">18,330 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">270,654 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Accumulated depreciation</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(22,845)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(3,060)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(4,175)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(294)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(1,468)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(31,842)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Net</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>149,846 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>21,985 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>49,404 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>715 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>16,862 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>238,812 </B></FONT></TD></TR>
  </TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #42C4DD; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>11.</B></TD><TD STYLE="text-align: justify"><B>INVENTORIES</B></TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Inventories (net of
impairment for obsolescence amounting to $1.9 million as of December 31, 2020 and $2.3 million as of December 31, 2019) as of December
31 of each year comprise:</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 95%; border-collapse: collapse; margin-left: 28.35pt">
  <TR STYLE="background-color: #42C4DD">
    <TD STYLE="padding-right: 3pt; width: 70%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: Black 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>US$ &lsquo;000</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 15%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: Black 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>2020</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 15%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: Black 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>2019</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: Black 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Telephones and equipment</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">19,113 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">20,830 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: Black 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Sim cards</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">239 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">310 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: Black 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Other (i)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">6,415 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">11,769 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Total</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>25,767 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>32,909 </B></FONT></TD></TR>
  </TABLE>
<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.1pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0 0pt 28.1pt; text-align: justify"><I>(i) The caption &ldquo;Other&rdquo;
includes in-transit T&amp;E inventory.</I></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.1pt; text-align: justify">&nbsp;</P>


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<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Tigo Guatemala Companies &ndash; Combined Financial
Statements</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"></P>

<DIV STYLE="border-bottom: Black 0.5pt solid; padding: 0in 0in 1pt">

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"><B>As of December 31, 2020 and 2019 and for the years
ended December 31, 2020 and 2019</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0">&nbsp;</P>

</DIV>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; color: #00245D; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; color: #00245D; text-align: justify">&nbsp;</P>


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #42C4DD; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>12.</B></TD><TD><B>TRADE RECEIVABLES, NET</B></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: 95%; border-collapse: collapse; margin-left: 28.35pt">
  <TR STYLE="background-color: #42C4DD">
    <TD STYLE="padding-right: 3pt; width: 71%; border: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>US$ &lsquo;000 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 15%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>December 31, 2020</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 14%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>December 31, 2019</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: Black 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Gross trade receivables</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">77,444 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">72,262 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: Black 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Less: provisions for credit losses expected</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(25,696)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(26,724)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; border-left: Black 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Trade receivables, net</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>51,748 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>45,538 </B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; border-left: Black 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Contract assets, net</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">58,333 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">65,111 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Total</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>110,081 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>110,649 </B></FONT></TD></TR>
  </TABLE>
<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.1pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0 0pt 28.1pt; text-align: justify"><B><U>Contract assets</U></B></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.1pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.1pt; text-align: justify">The balance of contract
assets is presented below as of December 31:</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.1pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 95%; border-collapse: collapse; margin-left: 28.35pt">
  <TR STYLE="background-color: #42C4DD">
    <TD STYLE="padding-right: 3pt; width: 69%; border: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>US$ &lsquo;000 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 17%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>2020</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 14%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>2019</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Accrued income</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">21,931</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">18,845</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Contract assets</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">36,402</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">46,266</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Contract assets, net</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>58,333</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>65,111</B></FONT></TD></TR>
  </TABLE>
<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0.2pt 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0.2pt 0pt 28.35pt; text-align: justify">The nominal value
less provisions for credit losses expected of trade receivables approximates their fair values (see note&nbsp;27). As of December 31,
2020, and 2019, the aging analysis of trade receivables is as follows:</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0.2pt 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 95%; border-collapse: collapse; margin-left: 28.35pt">
  <TR STYLE="background-color: #42C4DD">
    <TD ROWSPAN="3" STYLE="padding-right: 3pt; border: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>US$ &lsquo;000</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>Contrac-tual assets</B></FONT></TD>
    <TD COLSPAN="4" STYLE="padding-right: 3pt; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: white"><B>Accounts receivables</B></FONT></TD>
    <TD ROWSPAN="3" STYLE="padding-right: 3pt; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: white"><B>Total</B></FONT></TD></TR>
  <TR STYLE="background-color: #42C4DD">
    <TD ROWSPAN="2" STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: white"><B>Total</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: white"><B>Current</B></FONT></TD>
    <TD COLSPAN="3" STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>Past due (net of credit losses<BR>
expected)</B></FONT></TD></TR>
  <TR STYLE="background-color: #42C4DD">
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: white"><B>&lt;30 days</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: white"><B>30&ndash;90&nbsp;</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: white"><B>&gt;90&nbsp;days</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; width: 29%; border-left: #00245D 1pt solid; border-right: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>2020</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 11%; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; width: 13%; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; width: 13%; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; width: 12%; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; width: 11%; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; width: 11%; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Accounts receivable</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">41,625</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">47,684</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">4,948</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">3,678</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">21,134</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">77,445</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Expected credit losses</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(5,223)</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(1,417)</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(1,371)</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(1,878)</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(21,030)</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(25,696)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Total</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>36,402</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>46,267</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>3,577</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>1,800</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>104</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>51,748</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Expected credit losses</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>13%</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>3%</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>28%</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>51%</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>100%</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&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: 95%; border-collapse: collapse; margin-left: 28.35pt">
  <TR>
    <TD ROWSPAN="5" STYLE="padding-right: 3pt; border: #00245D 1pt solid; background-color: #42C4DD; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>US$ &lsquo;000</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="padding-right: 3pt; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; background-color: #42C4DD; padding-left: 3pt">
    <P STYLE="color: white; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>Contrac</B></P>
    <P STYLE="color: white; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P>
    <P STYLE="color: white; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>tual assets</B></P>
    <P STYLE="color: white; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P></TD>
    <TD COLSPAN="5" ROWSPAN="2" STYLE="padding-right: 3pt; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; background-color: #42C4DD; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>Accounts receivables</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt">&nbsp;</TD></TR>
  <TR>
    <TD ROWSPAN="3" STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; background-color: #42C4DD; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: white"><B>Total</B></FONT></TD>
    <TD ROWSPAN="3" STYLE="padding-right: 3pt; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; background-color: #42C4DD; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: white"><B>Current</B></FONT></TD>
    <TD COLSPAN="3" STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; background-color: #42C4DD; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>Past due (net of credit losses</B></FONT></TD>
    <TD ROWSPAN="3" STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; background-color: #42C4DD; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: white"><B>Total</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt">&nbsp;</TD></TR>
  <TR>
    <TD COLSPAN="3" STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; background-color: #42C4DD; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>expected)</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; background-color: #42C4DD; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>&lt;30 days</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; background-color: #42C4DD; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>30&ndash;90</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; background-color: #42C4DD; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>&gt;90&nbsp;days</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; width: 30%; border-left: #00245D 1pt solid; border-right: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>2019</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 11%; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; width: 11%; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; width: 12%; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; width: 12%; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; width: 12%; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; width: 11%; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; width: 1%; padding-left: 3pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Accounts receivable</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">46,891</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">39,813</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">6,822</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">4,062</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">21,565</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">72,262</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Expected credit losses</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(625)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(1,157)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(1,647)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(2,412)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(21,508)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(26,724)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Total</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>46,266</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>38,656</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>5,175</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>1,650</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>57</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>45,538</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Expected credit losses</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>1%</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>3%</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>24%</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>68%</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>100%</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt">&nbsp;</TD></TR>
  </TABLE>

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

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<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Tigo Guatemala Companies &ndash; Combined Financial
Statements</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"></P>

<DIV STYLE="border-bottom: Black 0.5pt solid; padding: 0in 0in 1pt">

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"><B>As of December 31, 2020 and 2019 and for the years
ended December 31, 2020 and 2019</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0">&nbsp;</P>

</DIV>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; color: #00245D; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; color: #00245D; text-align: justify">&nbsp;</P>


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #42C4DD; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>13.</B></TD><TD><B>CASH AND CASH EQUIVALENTS AND RESTRICTED CASH</B></TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt">Cash and cash equivalents comprised as of
December 31:</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 95%; border-collapse: collapse; margin-left: 28.35pt">
  <TR STYLE="background-color: #42C4DD">
    <TD STYLE="padding-right: 3pt; width: 66%; border: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>US$ &lsquo;000</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 17%; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>2020</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 17%; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>2019</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Cash and cash equivalents in U.S. Dollars</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">107,170</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">115,016</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Cash and cash equivalents in GTQ</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">81,372</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">74,114</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Total cash and cash equivalents</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>188,542</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>189,130</B></FONT></TD></TR>
  </TABLE>
<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0 0pt 28.35pt; text-align: justify">Cash and short-term
deposits in the statement of financial position comprise cash at banks and on hand and short-term deposits with a maturity of three months
or less, which are subject to an insignificant risk of changes in value. For the purpose of the combined statement of cash flows, cash
and cash equivalents consist of cash and short-term deposits, as defined above, net of outstanding bank overdrafts as they are considered
an integral part of the Group&rsquo;s cash management.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Restricted cash comprised
as of December 31:</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 95%; border-collapse: collapse; margin-left: 28.35pt">
  <TR STYLE="background-color: #42C4DD">
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; width: 66%; border: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>US$ &lsquo;000</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 17%; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>2020</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 17%; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>2019</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Restricted cash in GTQ</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">7,105</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">6,006</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Total restricted cash</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>7,105</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>6,006</B></FONT></TD></TR>
  </TABLE>
<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 4.75pt 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 4.75pt 0pt 28.35pt; text-align: justify">Restricted cash
mainly refers to cash within the mobile financial services business, which is restricted in accordance with local regulations.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 4.75pt 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #42C4DD; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>14.</B></TD><TD STYLE="text-align: justify"><B>EQUITY CONTRIBUTION</B></TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 9.8pt 0pt 28.35pt; text-align: justify">As of years ended
December 31, 2020 and 2019 the issued share capital of the combined entities consists of:</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 9.8pt 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 95%; border-collapse: collapse; margin-left: 28.35pt">
  <TR STYLE="background-color: #42C4DD">
    <TD ROWSPAN="2" STYLE="padding-right: 3pt; border: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>&nbsp;&nbsp;Company names</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 3pt; vertical-align: top; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>2020</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 3pt; vertical-align: top; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>2019</B></FONT></TD></TR>
  <TR STYLE="background-color: #42C4DD">
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>Shares</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>Par value (GTQ)</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>Shares</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>Par value (GTQ)</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; width: 60%; border-left: #00245D 1pt solid; border-right: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt">Comunicaciones Celulares, S.A. </FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; width: 9%; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt">500</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; width: 11%; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt">50,000</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; width: 10%; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt">500</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; width: 10%; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt">50,000</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt">Comunicaciones Corporativas, S.A.</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt">20</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt">500</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt">20</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt">500</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt">Servicios Especializados en Telecomunicaciones, S.A.</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt">100</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt">100</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt">100</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt">100</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt">Distribuidora de Comunicaciones de Occidente, S.A.</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt">20</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt">500</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt">20</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt">500</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt">Distribuidora Central de Comunicaciones, S.A. </FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt">20</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt">500</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt">20</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt">500</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt">Distribuidora de Comunicaciones de Oriente, S.A. </FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt">20,020</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt">500</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt">20,020</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt">500</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt">Distribuidora Internacional de Comunicaciones, S.A.</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt">20</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt">500</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt">20</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt">500</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt">Servicios Innovadores de Comunicaci&oacute;n y Entretenimiento, S.A. </FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt">20</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt">500</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt">20</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt">500</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt">Cloud2Nube, S.A. </FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt">40</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt">500</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt">40</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt">500</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt">Navega.com, S.A. </FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt">200,017</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt">100</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt">200,017</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt">100</FONT></TD></TR>
  </TABLE>
<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 28.35pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0; text-align: justify; text-indent: 28.35pt">The above-mentioned
shares have been fully issued and fully paid.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 28.35pt">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">The total shared capital
and premium for the Combined Group for the years ended December 31, 2020 and 2019 is $8,219 thousand each period.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">As of December 31,
2020 the Combined Group had fixed commitments to purchase network equipment, land and buildings and other fixed assets for $93 million
(2019: $40 million), from various suppliers.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>


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<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Tigo Guatemala Companies &ndash; Combined Financial
Statements</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"></P>

<DIV STYLE="border-bottom: Black 0.5pt solid; padding: 0in 0in 1pt">

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"><B>As of December 31, 2020 and 2019 and for the years
ended December 31, 2020 and 2019</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0">&nbsp;</P>

</DIV>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; color: #00245D; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; color: #00245D; text-align: justify">&nbsp;</P>


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #42C4DD; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>15.</B></TD><TD STYLE="text-align: justify"><B>SHARE BASED COMPENSATION</B></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 14.2pt"><B><I>(a)</I></B></TD><TD><B><I>Long-Term Incentive Plans</I></B></TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Long term incentive
awards consist of three-year deferred share awards and performance share awards plans. All shares issued are MIC shares (one of the ultimate
shareholders of the Tigo Guatemala), the cost of which is recorded as equity contribution reserve and the fair value of equity-settled
shares granted is estimated at the date of grant using the market price of MIC shares on that date. There are two types of plans applicable
for the Combined Group, a performance share plan and a deferred share plan.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><B>Deferred share plan
(since 2014)</B></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">For the deferred awards
plan, participants are granted shares based on past performance, with 16.5% of the shares vesting on January 1 of each of year one and
two, and the remaining 67% on January 1 of year three (from 2019 plan shares vesting are 30% on January 1 of each of year one and two,
and the remaining 40% on January 1 of year three). Vesting is conditional upon the participant remaining employed with Comcel or any Tigo
Guatemala at each vesting date.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><B>Performance share
plan (for plans issued in 2016 and 2017)</B></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Shares granted under
this performance share plan vest at the end of the three-year period, subject to performance conditions, 25% based on Positive Absolute
Total Shareholder Return (Absolute TSR), 25% based on Relative Total Shareholder Return (Relative TSR) and 50% based on budgeted Earnings
Before Interest Tax Depreciation and Amortization (EBITDA) minus Capital Expenditure (Capex) minus Change in Working Capital (CWC) (Free
Cash Flow).</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">For the Performance
Share Plans, and in order to calculate the fair value of the TSR portion of those plans, it is necessary to make a number of assumptions
which are set out below. The assumptions have been set based on an analysis of historical data as of grant date. There were no performance
share plans granted to the Group in 2019 or 2020.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 95%; border-collapse: collapse; margin-left: 28.35pt">
  <TR STYLE="background-color: #42C4DD">
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; width: 47%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: Black 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: white"><B>Assumptions and fair value of the shares under the TSR portion</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; width: 11%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: Black 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: white"><B>Risk-free rate</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; width: 11%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: Black 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: white"><B>Dividend yield</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; width: 11%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: Black 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: white"><B>Share price volatility (i)</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; width: 9%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: Black 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: white"><B>Award term (years)</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; width: 11%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: Black 1pt solid; padding-left: 3pt">
    <P STYLE="color: white; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>Share fair value </B></P>
    <P STYLE="color: white; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P>
    <P STYLE="color: white; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>(In USD)</B></P>
    <P STYLE="color: white; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt">Performance Share Plan 2017 (Relative TSR)</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: #00245D">(0.40)%</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt">3.80%</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt">22.5%</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt">2.92</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: #00245D">27.06</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt">Performance Share Plan 2017 (Absolute TSR)<FONT STYLE="color: #00245D">&#9;</FONT></FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: #00245D">(0.40)%</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt">3.80%</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt">22.5%</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt">2.92</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: #00245D">29.16</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt">Performance Share Plan 2016 (Relative TSR)</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: #00245D">(0.65)%</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt">3.49%</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt">30%</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt">2.61</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: #00245D">43.35</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt">Performance Share Plan 2016 (Absolute TSR)<FONT STYLE="color: #00245D">&#9;</FONT></FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: #00245D">(0.65)%</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt">3.49%</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt">30%</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt">2.61</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: #00245D">45.94</FONT></TD></TR>
  </TABLE>
<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 28.35pt"><FONT STYLE="color: #00245D"><I>&nbsp;</I></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0; text-align: justify; text-indent: 28.35pt"><FONT STYLE="color: #00245D"><I>(i)
Historical volatility retained was determined on the basis of a 3-year historic average</I></FONT><I>.</I></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 28.35pt">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">The cost of the long-term
incentive plans which are conditional on market conditions is calculated as follows:</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><I>Fair value (market
value) of shares at grant date (as calculated above) x number of shares expected to vest.</I></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">The Combined Group
has accounted for shared based compensation for the management and key employees of the companies included in the Combined Group.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>


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<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Tigo Guatemala Companies &ndash; Combined Financial
Statements</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"></P>

<DIV STYLE="border-bottom: Black 0.5pt solid; padding: 0in 0in 1pt">

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"><B>As of December 31, 2020 and 2019 and for the years
ended December 31, 2020 and 2019</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0">&nbsp;</P>

</DIV>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; color: #00245D; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; color: #00245D; text-align: justify">&nbsp;</P>


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #42C4DD; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>15.</B></TD><TD STYLE="text-align: justify"><B>SHARE BASED COMPENSATION (Continued)</B></TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">A summary of the shares
vested under the relevant plans as of December 31, 2020 and 2019 is as follows:</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 95%; border-collapse: collapse; margin-left: 28.35pt">
  <TR STYLE="background-color: #42C4DD">
    <TD STYLE="padding-right: 3pt; width: 70%; border: #00245D 1pt solid; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; width: 15%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>Shares vested as of December 2020</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 15%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>Shares vested as of December 2019</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Plans</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">2016 Deferred Plan (i)</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&mdash;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">25,487</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">2016 Performance Plan (i)</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&mdash;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">2,071</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">2017 Deferred Plan</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">26,038</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">9,050</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">2017 Performance Plan</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">3,106</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">3,296</TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">2018 Deferred Plan</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">6,705</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&mdash;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">2019 Deferred Plan</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">115</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&mdash;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: Black 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Total</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>35,964</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>39,904</B></FONT></TD></TR>
  </TABLE>
<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 42.55pt; text-indent: -14.2pt"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0 0pt 42.55pt; text-indent: -14.2pt"><I>(i) the third tranche
2016 plan was vested during Q1 2020. </I></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 42.55pt; text-indent: -14.2pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 14.2pt"><B><I>(b)</I></B></TD><TD><B><I>Total share-based compensation expense</I></B></TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">For plans with unvested
shares as of December 31, 2020, the number of share awards ultimately expected to vest as of December 31, 2020 under the current long-term
incentive plans is as follows:</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 95%; border-collapse: collapse; margin-left: 28.35pt">
  <TR STYLE="background-color: #42C4DD">
    <TD STYLE="padding-right: 3pt; width: 44%; border: #002060 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; width: 14%; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>Deferred<BR>
share<BR>
awards<BR>
&nbsp;2020</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 12%; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>Deferred<BR>
share<BR>
awards<BR>
&nbsp;2019</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 16%; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; padding-left: 3pt">
    <P STYLE="color: white; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>Performance<BR>
    shares<BR>
    2018</B></P>
    <P STYLE="color: white; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3pt; width: 14%; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>Deferred<BR>
share<BR>
awards<BR>
2018</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Shares granted</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">774 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">383 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">2,129 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">19,977 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Revision for actual and expected forfeitures</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&mdash;<FONT STYLE="color: #00245D"></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">0 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(2,129)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(1,015)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Shares vested</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&mdash;<FONT STYLE="color: #00245D"></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(115)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">&nbsp;</FONT>&mdash;<FONT STYLE="color: #00245D">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(6,705)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Share awards expected to vest</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>774 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>268 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&mdash;&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>12,257 </B></FONT></TD></TR>
  </TABLE>
<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0 0pt 28.35pt; text-align: justify">Total share-based compensation
expense for the years ended December 31, 2020 and 2019 was as follows:</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 95%; border-collapse: collapse; margin-left: 28.35pt">
  <TR STYLE="background-color: #42C4DD">
    <TD STYLE="padding-right: 3pt; width: 70%; border: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>US$ &lsquo;000 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 15%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>2020</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 15%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>2019</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">2017 LTIPs</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&mdash;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">357</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">2018 LTIPs</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">263</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">364</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">2019 LTIPs</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">7</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">17</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">2020 LTIPs</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">19</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&mdash;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Total</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>289</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>738</B></FONT></TD></TR>
  </TABLE>

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

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<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Tigo Guatemala Companies &ndash; Combined Financial
Statements</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"></P>

<DIV STYLE="border-bottom: Black 0.5pt solid; padding: 0in 0in 1pt">

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"><B>As of December 31, 2020 and 2019 and for the years
ended December 31, 2020 and 2019</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0">&nbsp;</P>

</DIV>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; color: #00245D; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; color: #00245D; text-align: justify">&nbsp;</P>


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #42C4DD; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>16.</B></TD><TD STYLE="text-align: justify"><B>OTHER DEBT AND FINANCING</B></TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Borrowings due after
more than one year as of December 31:</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 95%; border-collapse: collapse; margin-left: 28.35pt">
  <TR STYLE="background-color: #42C4DD">
    <TD STYLE="padding-right: 3pt; width: 70%; border: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>US$ &lsquo;000</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 15%; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>2020</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 15%; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>2019</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Bank financing</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">413,404 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">138,592 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Bond financing (i)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&mdash;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">790,616 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Total other debt and financing due after more than one year</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>413,404 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>929,208 </B></FONT></TD></TR>
  </TABLE>
<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.1pt; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0 0pt 28.1pt; text-align: justify"><I>(i) Bonds were repaid
on November 18, 2020.</I></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.1pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">No borrowings are due
within one year.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">The total amount of
debt and financing as of December 31 is repayable as follows:</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 95%; border-collapse: collapse; margin-left: 28.35pt">
  <TR STYLE="background-color: #42C4DD">
    <TD STYLE="padding-right: 3pt; width: 70%; border: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>US$ &lsquo;000</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 15%; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>2020</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 15%; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>2019</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Amounts due within 4 to 5 years (i)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">281,889</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">790,616</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Amounts due after five years</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">131,515</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">138,592</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Total debt</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>413,404</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>929,208</B></FONT></TD></TR>
  </TABLE>
<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0 0pt 28.35pt"><I>(i) Bonds were repaid on November 18,
2020</I></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Significant individual
financing facilities as of December 31 are described below:</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Comunicaciones Celulares,
S.A.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 95%; border-collapse: collapse; margin-left: 28.35pt">
  <TR STYLE="background-color: #42C4DD">
    <TD STYLE="padding-right: 3pt; width: 37%; border: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: white"><B>Description</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 10%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: white"><B>Maturity</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 11%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: white"><B>Currency</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 14%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: white"><B>Interest rate</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 14%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: white"><B>Amount<BR>
outstanding<BR>
US$'000<BR>
2020</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 14%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: white"><B>Amount<BR>
outstanding<BR>
US$'000<BR>
2019</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: #00245D">Senior Notes </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: #00245D">2024</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: #00245D">GTQ</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: #00245D">&nbsp;(fixed) 6.875%</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: #00245D">790,616</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: #00245D">Banco Industrial, S.A.</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: #00245D">2025</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: #00245D">GTQ</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: #00245D">&nbsp;(fixed) 7.20%</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: #00245D">22,366</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: #00245D">22,642</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: #00245D">Banco Industrial, S.A.</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: #00245D">2025</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: #00245D">GTQ</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: #00245D">&nbsp;(fixed) 6.20%</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: #00245D">80,833</FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; vertical-align: bottom; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: black">&mdash;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: #00245D">Banco G&amp;T Continental, S.A.</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: #00245D">2025</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: #00245D">GTQ</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: #00245D">&nbsp;(fixed) 6.00%</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: #00245D">64,153</FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; vertical-align: bottom; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: black">&mdash;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: #00245D">Banco de Am&eacute;rica Central, S.A.</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: #00245D">2026</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: #00245D">GTQ</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: #00245D">&nbsp;(fixed) 6.00%</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: #00245D">32,077</FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; vertical-align: bottom; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: black">&mdash;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: #00245D">Banco Agromercantil de Guatemala, S.A.</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: #00245D">2027</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: #00245D">GTQ</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: #00245D">&nbsp;(fixed) 5.75%</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: #00245D">49,719</FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; vertical-align: bottom; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: black">&mdash;</FONT></TD></TR>
  </TABLE>
<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0 0pt 28.35pt; text-align: justify">Servicios Especializados
en Telecomunicaciones, S.A.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 95%; border-collapse: collapse; margin-left: 28.35pt">
  <TR STYLE="background-color: #42C4DD">
    <TD STYLE="padding-right: 3pt; width: 36%; border: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: white"><B>Description</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 10%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: white"><B>Maturity</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 11%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: white"><B>Currency</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 14%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: white"><B>Interest rate</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 15%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: white"><B>Amount outstanding<BR>
US$'000<BR>
2020</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 14%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: white"><B>Amount outstanding<BR>
US$'000<BR>
2019</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: #00245D">Banco Industrial, S.A.</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: #00245D">2025</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: #00245D">GTQ</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: #00245D">(fixed) 7.20%</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: #00245D">54,594</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: #00245D">55,268</FONT></TD></TR>
  </TABLE>
<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 34pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0 0pt 34pt; text-align: justify">Navega.com, S.A</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 34pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 95%; border-collapse: collapse; margin-left: 28.35pt">
  <TR STYLE="background-color: #42C4DD">
    <TD STYLE="padding-right: 3pt; width: 35%; border: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: white"><B>Description</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 10%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: white"><B>Maturity</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 11%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: white"><B>Currency</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 16%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: white"><B>Interest rate</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 14%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: white"><B>Amount outstanding<BR>
US$'000<BR>
2020</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 14%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: white"><B>Amount outstanding<BR>
US$'000<BR>
2019</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: #00245D">Banco Agromercantil de Guatemala, S.A.</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: #00245D">2027</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: #00245D">GTQ</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: #00245D">(fixed) 5.75%</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: #00245D">49,719</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: #00245D">&nbsp;&mdash; </FONT></TD></TR>
  </TABLE>

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

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"></P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"><B>Tigo Guatemala Companies &ndash; Combined Financial
Statements</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D"></P>

<DIV STYLE="border-bottom: Black 0.5pt solid; padding: 0in 0in 1pt">

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D"><B>As of December 31, 2020 and 2019 and for the years
ended December 31, 2020 and 2019</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D">&nbsp;</P>

</DIV>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; color: #00245D; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; color: #00245D; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #42C4DD; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>16.</B></TD><TD STYLE="text-align: justify"><B>OTHER DEBT AND FINANCING (Continued)</B></TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Servicios Innovadores
de Comunicaci&oacute;n y Entretenimiento, S.A.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 95%; border-collapse: collapse; margin-left: 28.35pt">
  <TR STYLE="background-color: #42C4DD">
    <TD STYLE="padding-right: 3pt; width: 35%; border: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: white"><B>Description</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 10%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: white"><B>Maturity</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 11%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: white"><B>Currency</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 16%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: white"><B>Interest rate</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 14%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: white"><B>Amount outstanding<BR>
US$'000<BR>
2020</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 14%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: white"><B>Amount outstanding<BR>
US$'000<BR>
2019</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: #00245D">Banco G&amp;T Continental, S.A.</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: #00245D">2025</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: #00245D">GTQ</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: #00245D">(fixed) 7.125%</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: #00245D">60,682</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: #00245D">Banco Industrial, S.A.</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: #00245D">2025</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: #00245D">GTQ</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: #00245D">(fixed) 6.75%</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: #00245D">59,943</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: #00245D">&nbsp;&mdash; </FONT></TD></TR>
  </TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 95%; border-collapse: collapse; margin-left: 28.35pt">
  <TR>
    <TD STYLE="padding-right: 3pt; width: 35%; border: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: #00245D"><B>Total</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 10%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; width: 11%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; width: 16%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; width: 14%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: #00245D"><B>413,404</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 14%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: #00245D"><B>929,208</B></FONT></TD></TR>
  </TABLE>
<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0 0pt 28.35pt; text-align: justify">The interest expense
for the years ended December 31 is comprised as follow:</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 95%; border-collapse: collapse; margin-left: 28.35pt">
  <TR STYLE="background-color: #42C4DD">
    <TD STYLE="padding-right: 3pt; width: 70%; border: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>US$ &lsquo;000</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 15%; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>2020</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 15%; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>2019</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Bonds interest (i)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">76,180</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">54,714</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Banks interest</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">15,142</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">13,873</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Lease interest</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">20,165</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">21,464</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Shareholder&acute;s interest</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">2,809</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="font-size: 10pt; color: #00245D">&mdash;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Total debt</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>114,296</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>90,051</B></FONT></TD></TR>
  </TABLE>
<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.1pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0 0pt 28.1pt; text-align: justify"><I>(i) Bonds&rsquo;
interest for the year ended December 31, 2020 includes the redemption premium for early bonds repayment of $18 million and amortized costs
of $7.7 million.</I></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.1pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify; color: #00245D">In January 2014, Intertrust
SPV (Cayman) Limited, acting as trustee of the Comcel Trust, a trust established and consolidated by Comunicaciones Celulares, S.A. for
the purposes of the transaction, issued a bond (proceeds of $779 million after deduction of the various costs paid up front and relating
to this issuance) to refinance existing local and MIC S.A. corporate debt. The bond was issued at 98.233% of the principal and has an
effective interest rate of 7.168%. The bond was guaranteed by Comunicaciones Celulares, S.A. and listed on the Luxembourg Stock Exchange.
Simultaneously with, and using the proceeds from, the bond, Comunicaciones Celulares, S.A. entered into an $800 million senior unsecured
loan (&ldquo;the Loan&rdquo;) with Credit Suisse AG, Cayman Islands Branch. The proceeds of the bond were used by Intertrust SPV to purchase
a 100% participation interest in the Loan pursuant to a credit and guarantee.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify; color: #00245D">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">The loan agreements
between Intertrust, Credit Suisse and Comunicaciones Celulares, S.A. remove any risk to Credit Suisse connected to the Loan, and as such
the Combined Group has derecognized both its asset and liability towards Credit Suisse from the date of the agreement.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">During 2015, additionally,
Tigo Guatemala obtained loans from Guatemalan local banks as disclosed below increasing the interest expense in 2019 ($90 million) and
2018 ($73 million).</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">In June 2015, Tigo
Guatemala set up 10 years maturity loans in local currency with two local banks; Banco Industrial for GTQ 600 million ($78 million) and
Banco G&amp;T for GTQ 1 billion ($122 million).&nbsp; The effective combined interest rate of the loans is 7.16%. Interest is paid in
monthly installments while the loan is repayable in one bullet with a 10 years maturity and with an option of early repayment after 5
years without any penalties.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">In November and December
2018, the Combined Group redeemed GTQ 467 million ($60 million), of the principal amount of the debt with Banco G&amp;T.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>


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<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Tigo Guatemala Companies &ndash; Combined Financial
Statements</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"></P>

<DIV STYLE="border-bottom: Black 0.5pt solid; padding: 0in 0in 1pt">

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"><B>As of December 31, 2020 and 2019 and for the years
ended December 31, 2020 and 2019</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0">&nbsp;</P>

</DIV>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; color: #00245D; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; color: #00245D; text-align: justify">&nbsp;</P>


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #42C4DD; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>16.</B></TD><TD STYLE="text-align: justify"><B>OTHER DEBT AND FINANCING (Continued)</B></TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">On June 19, 2020, Comunicaciones
Celulares, S.A. (&quot;Comcel&quot;) entered into a credit agreement with Banco Industrial for GTQ 500 million (approximately $64 million
using the exchange rate as of December 31, 2020) for a 5-year term.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">During the third quarter
of 2020, Comcel's board of directors decided to 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. As a result of the redemption, the Comcel Trust was terminated on November 18, 2020 and thereupon
removed from the Trust register.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">To proceed with the
early repayment of bondholders, the Combined Group was financed through a mix of a shareholders&acute; loan for $350 million for one-year
term with a fixed interest rate of 4% and loans with local banks for Q2,155 million (approximately $276.5 million) with terms ranging
from three to seven years, and with an effective interest rate of 5.97%.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt"><B><I>Fair value of financial liabilities</I></B></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Borrowings are recorded
at amortized cost. The fair value of borrowings as of December 31, 2020 and 2019 is as follows:</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 95%; border-collapse: collapse; margin-left: 28.35pt">
  <TR STYLE="background-color: #42C4DD">
    <TD STYLE="padding-right: 3pt; width: 66%; border: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>US$ &lsquo;000</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 17%; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>2020</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 17%; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>2019</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Other debt and financing</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">413,404</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">955,485</FONT></TD></TR>
  </TABLE>
<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0 0pt 28.35pt; text-align: justify">The fair value of the
bond as of December 31, 2019 is determined based on market prices (level 1). The fair value of the borrowings is calculated by discounting
the expected future cash flows at market interest rates (level 2). The carrying value of the other financial liabilities is assumed to
approximate their fair values (see note&nbsp;27).</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><B><I>Guarantees</I></B></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">As of December 31,
2020, Tigo Guatemala is co-debtor of Comunicaciones Celulares, S.A, Servicios Especializados en Telecomunicaciones, S.A., Servicios Innovadores
de Comunicaci&oacute;n y Entretenimiento, S.A. and Navega.com, S.A. on bank loans described in note 16; these bank loans have a joint
fiduciary guarantee.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><B><I>Pledged assets</I></B></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">As of December 31,
2020 there are $174 of pledged deposits and 2019, there were no pledged assets.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #42C4DD; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>17.</B></TD><TD STYLE="text-align: justify"><B>PAYABLES AND ACCRUALS FOR CAPITAL EXPENDITURE</B></TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt">Payables and accruals for capital expenditure
at December 31 of each year comprise:</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 95%; border-collapse: collapse; margin-left: 28.35pt">
  <TR STYLE="background-color: #42C4DD">
    <TD STYLE="padding-right: 3pt; width: 70%; border: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>US$ &lsquo;000 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 15%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>2020</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 15%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>2019</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Accrued of intangible assets</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">10,894</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">15,178</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Payables of intangible assets</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">10,800</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">9,493</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Accrued of tangible assets</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">5,638</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">10,640</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Payables of tangible assets</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">5,132</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">15,897</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Total</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>32,464</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>51,208</B></FONT></TD></TR>
  </TABLE>
<P STYLE="color: #42C4DD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #42C4DD; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"></P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"><B>Tigo Guatemala Companies &ndash; Combined Financial
Statements</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D"></P>

<DIV STYLE="border-bottom: Black 0.5pt solid; padding: 0in 0in 1pt">

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D"><B>As of December 31, 2020 and 2019 and for the years
ended December 31, 2020 and 2019</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D">&nbsp;</P>

</DIV>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; color: #00245D; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; color: #00245D; text-align: justify">&nbsp;</P>


<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #42C4DD; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: 28.35pt; text-align: left"><B>18.</B></TD><TD><B>TRADE PAYABLES</B></TD>
</TR></TABLE>

<P STYLE="color: #42C4DD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Trade payables at December
31 of each year comprise:</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 95%; border-collapse: collapse; margin-left: 28.35pt">
  <TR STYLE="background-color: #42C4DD">
    <TD STYLE="padding-right: 3pt; width: 70%; border: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>US$ &lsquo;000 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 15%; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>2020</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 15%; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>2019</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">T&amp;E suppliers</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">7,914 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">10,643 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Fixed operators</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">4,990 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">3,692 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Roaming partners</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">30 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">93 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Mobile operators</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">1,879 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Others.</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">12,726 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">16,375 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Total</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>25,660</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>32,682</B></FONT></TD></TR>
  </TABLE>
<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0 0pt 28.35pt; text-align: justify">The &ldquo;others&rdquo;
caption contains the remaining all third-party suppliers of the Combined Group.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #42C4DD; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>19.</B></TD><TD><B>ACCRUED INTEREST AND ACCRUED EXPENSES</B></TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Accrued expenses and
accrued interest at December 31 of each year comprise:</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 95%; border-collapse: collapse; margin-left: 28.35pt">
  <TR STYLE="background-color: #42C4DD">
    <TD STYLE="padding-right: 3pt; width: 70%; border: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>US$ &lsquo;000 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 15%; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>2020</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 15%; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>2019</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Accrued of employee related costs</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">13,847</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">10,752</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Accrued of programming and advertising costs</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">10,621</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">10,264</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Accrued of network maintenance</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">8,418</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">7,409</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Accrued of interconnection costs</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">6,385</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">4,815</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Accrued interest</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">1,884</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">24,151</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Other accrued expenses</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">12,453</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">9,207</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Total</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>53,608</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>66,598</B></FONT></TD></TR>
  </TABLE>
<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0 0pt 28.35pt; text-align: justify">The &ldquo;other accrued
expenses&rdquo; caption relates to various accruals.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #42C4DD; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: 28.35pt; text-align: left"><B>20.</B></TD><TD><B>CONTRACT LIABILITIES</B></TD>
</TR></TABLE>

<P STYLE="color: #42C4DD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Contract liabilities
at December 31 of each year comprise:</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 95%; border-collapse: collapse; margin-left: 28.35pt">
  <TR STYLE="background-color: #42C4DD">
    <TD STYLE="padding-right: 3pt; width: 70%; border: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>US$ &lsquo;000 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 15%; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>2020</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 15%; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>2019</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Deferred revenue</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">35,137 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">34,126 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Contract liabilities</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">822 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">510 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Total</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>35,959</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>34,636</B></FONT></TD></TR>
  </TABLE>

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

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<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Tigo Guatemala Companies &ndash; Combined Financial
Statements</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"></P>

<DIV STYLE="border-bottom: Black 0.5pt solid; padding: 0in 0in 1pt">

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"><B>As of December 31, 2020 and 2019 and for the years
ended December 31, 2020 and 2019</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0">&nbsp;</P>

</DIV>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; color: #00245D; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; color: #00245D; text-align: justify">&nbsp;</P>


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #42C4DD; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>21.</B></TD><TD STYLE="text-align: justify"><B>NON-CURRENT AND CURRENT PROVISIONS AND OTHER LIABILITIES</B></TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Provisions and other
non-current liabilities at December 31 of each year comprise:</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 95%; border-collapse: collapse; margin-left: 28.35pt">
  <TR STYLE="background-color: #42C4DD">
    <TD STYLE="padding-right: 3pt; width: 70%; border: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>US$ &lsquo;000 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 15%; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>2020</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 15%; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>2019</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Long-term portion of asset retirement obligations</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">48,389 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">45,650 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Other non-current liabilities</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">2,338 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">3,816 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Provisions (non-current) </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">240 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">383 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Non-current litigation provisions (see note 23) </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">51 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">51 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Total</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>51,018</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>49,900</B></FONT></TD></TR>
  </TABLE>
<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0 0pt 28.35pt; text-align: justify">Provisions and other
current liabilities at December 31 of each year comprise:</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 95%; border-collapse: collapse; margin-left: 28.35pt">
  <TR STYLE="background-color: #42C4DD">
    <TD STYLE="padding-right: 3pt; width: 70%; border: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>US$ &lsquo;000 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 15%; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>2020</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 15%; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>2019</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Customer and distributor restricted cash balances</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">6,922 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">5,991 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Current provisions</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">1,107 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">1,243 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Customer deposits</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">121 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">218 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Other</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">23,724 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">7,325 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Total</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>31,874</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>14,777</B></FONT></TD></TR>
  </TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #42C4DD; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>22.</B></TD><TD STYLE="text-align: justify"><B>DIVIDENDS</B></TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">The ability of the
Combined Group to make dividend payments is subject to, among other things, the terms of indebtedness, legal restrictions and the ability
to repatriate funds. In 2020, the entities of the Combined Group declared dividends of $363 million (2019: $310 million) which are usually
paid over two fiscal years: through shareholders&rsquo; loans the year the Combined Group makes the profit and through dividends paid
for the remaining amount the following year after the final dividend has been approved.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 95%; border-collapse: collapse; margin-left: 28.35pt">
  <TR STYLE="background-color: #42C4DD">
    <TD STYLE="padding-right: 3pt; width: 70%; border: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>US$ &lsquo;000 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 15%; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>2020</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 15%; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>2019</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Dividends offset with accounts receivable from related parties</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">322,381 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">275,060 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Payment of dividends</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">21,718 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">13,110 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Income tax withheld on dividends paid</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">18,061 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">15,482 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Exchange rate movement</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">337 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">5,921 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Total</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>362,497</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>309,573</B></FONT></TD></TR>
  </TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #42C4DD; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>23.</B></TD><TD STYLE="text-align: justify"><B>NON-CASH INVESTING AND FINANCING ACTIVITIES</B></TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">The following table
gives details of non-cash investing and financing activities as of December&nbsp;31 of each year.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 95%; border-collapse: collapse; margin-left: 28.35pt">
  <TR STYLE="background-color: #42C4DD">
    <TD STYLE="padding-right: 3pt; width: 70%; border: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>US$ &lsquo;000 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 15%; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>2020</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 15%; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>2019</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Investing activities</B>.</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Change in asset retirement obligations (see note 9) </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">3,491 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">5,602 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Financing activities</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Right-of-use assets &ndash; additions (see note 10) </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">12,307 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">21,539 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Dividends
    offset with accounts receivable from related parties (see note 22)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">322,381</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">275,060 </FONT></TD></TR>
  </TABLE>

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

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

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->
<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Tigo Guatemala Companies &ndash; Combined Financial
Statements</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"></P>

<DIV STYLE="border-bottom: Black 0.5pt solid; padding: 0in 0in 1pt">

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"><B>As of December 31, 2020 and 2019 and for the years
ended December 31, 2020 and 2019</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0">&nbsp;</P>

</DIV>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; color: #00245D; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; color: #00245D; text-align: justify">&nbsp;</P>


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #42C4DD; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>24.</B></TD><TD STYLE="text-align: justify"><B>COMMITMENTS AND CONTINGENCIES</B></TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><B><I>Operational environment</I></B></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">The Combined Group
operates in Guatemala, where the regulatory, political, technological and economic environments are evolving. As a result, there are uncertainties
that may affect future operations, the ability to conduct business, foreign exchange transactions and debt repayments and which may impact
upon agreements with other parties. In the normal course of business, the Combined Group faces uncertainties regarding taxation, interconnect
rate, license renewal and tariff arrangements, which can have a significant impact on the long-term economic viability of operations.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><B><I>Litigation and
legal risks</I></B></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">The Tigo Guatemala
are contingently liable with respect to lawsuits and other matters that arise in the normal course of business. As of December 31, 2020
and 2019 $51 thousand in both periods have been accrued for these claims in the combined statement of financial position. Management is
of the opinion that while it is impossible to ascertain the ultimate legal and financial liability with respect to these claims, the ultimate
outcome of these contingencies is not anticipated to have a material effect on the Combined Group&rsquo;s financial position and operations.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><B><I>Tax claims</I></B></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">At December 31, 2020,
Navega.Com, S.A. is disputing through an administrative process an adjustment made by the Tax Authorities in regards with the goodwill
amortization of approximately $21.9 million related with business combinations completed in 2011 with an effective date on January 1,
2012. According to the Guatemalan income tax law, goodwill amortization is deductible for income tax purposes. However, tax authorities
considered that the goodwill originated in acquisitions made by Navega.com S.A. and its predecessor Asertel, S.A. do not meet the definition
of goodwill for tax purposes and proceeded to annul the amortization deducted by Navega.com, S.A. Even though the administrative process
has been initiated at the Supreme Court, the tax authority has requested that the attorney general&rsquo;s office investigate this matter
through a criminal prosecution. Currently, a criminal court resolution is pending to define whether the process will be of an administrative
or criminal nature. At the current stage of the process, the Company has insufficient information to determine whether a provision would
be necessary.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">On April 12, 2018,
the Constitutional Court notified Navega.Com, S.A. of an appeal filed by the Tax Authorities against the ruling of the Supreme Court of
Justice in regards with the 3% stamp tax on dividend payments from Navega.Com, S.A. to the shareholders for the 2007 and 2010 fiscal years.
The court has resolved these adjustments in a different way, and in some cases in favor of the tax payers, however, recently it has resolved
in favor of tax authorities, based on that jurisprudence, in 2019, Management decided to book a provision for $2 million associated with
this matter. Such amount was paid in 2020.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Taking into consideration
the new jurisprudence regarding the stamp tax on dividends distribution, in June 2020, management decided to record a provision for $7.3
million in Comunicaciones Celulares S.A. for a stamp tax adjustment by Guatemalan tax authorities on dividends declared by Comunicaciones
Celulares S.A. This provision includes the total adjustment plus a proportional part of fines and interest and represents management best
estimate of the outcome. This case is in an initial phase within the Supreme Court.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><B><I>Capital commitments</I></B></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">As of December 31,
2020 the Combined Group had fixed commitments to purchase network equipment, land and buildings and other fixed assets for $93 million
(2019: $40 million), from various suppliers.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->
<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Tigo Guatemala Companies &ndash; Combined Financial
Statements</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"></P>

<DIV STYLE="border-bottom: Black 0.5pt solid; padding: 0in 0in 1pt">

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"><B>As of December 31, 2020 and 2019 and for the years
ended December 31, 2020 and 2019</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0">&nbsp;</P>

</DIV>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; color: #00245D; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; color: #00245D; text-align: justify">&nbsp;</P>


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #42C4DD; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>24.</B></TD><TD STYLE="text-align: justify"><B>COMMITMENTS AND CONTINGENCIES (Continued)</B></TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><B><I>Millicom Group
subsidiaries</I></B></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">The Combined Group
receives business support and financing from various Millicom Group entities including MIC the ultimate holding company Millicom International
II NV (&ldquo;MIC IINV&rdquo;) and Millicom International Operations S.A. (&ldquo;MIO S.A.&rdquo;).</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">The Combined Group
also recharges to other Millicom Group entities certain services performed on their behalf.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">The receivable balance
with MIC IINV at December 31, 2020 represents shareholder loans that are due in 2021.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><B><I>Miffin Associates
Corp</I></B></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">The receivable balance
with Miffin at December 31, 2020 represents shareholder loans that are due in 2021.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Transactions with Miffin
shareholders represent recurring commercial operations such as purchase of handsets, lease of buildings and sites and sale of airtime.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Amount due from related
parties (non-current portion) as of December 31:</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 95%; border-collapse: collapse; margin-left: 28.35pt">
  <TR STYLE="background-color: #42C4DD">
    <TD STYLE="padding-right: 3pt; width: 66%; border: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>US$ &lsquo;000</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 17%; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>2020</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 17%; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>2019</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; border-left: Black 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Millicom International II NV</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">27,500 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">174,350</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; border-left: Black 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Miffin Associates Corp.</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">22,500 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">142,650</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; border-left: Black 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Others</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">10 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">10</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Total</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>50,010</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>317,010</B></FONT></TD></TR>
  </TABLE>
<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0 0pt 28.35pt; text-align: justify">Amount due from and
advanced to related parties (current portion) as of December 31:</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 95%; border-collapse: collapse; margin-left: 28.35pt">
  <TR STYLE="background-color: #42C4DD">
    <TD STYLE="padding-right: 3pt; width: 66%; border: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>US$ &lsquo;000</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 17%; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>2020</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 17%; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>2019</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Millicom International II NV</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">201,692</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">185,064</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Miffin Associates Corp.</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">163,400</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">151,311</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Metrored Cable Honduras</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">473</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">345</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">MIC S.A..</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">368</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">1046</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Newcom Nicaragua, S.A.</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">232</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">57</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Others</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">1,282</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">596</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Total</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>367,447</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>338,419</B></FONT></TD></TR>
  </TABLE>
<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0 0pt 28.35pt; text-align: justify">Amount due to related
parties (current portion) as of December 31:</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 95%; border-collapse: collapse; margin-left: 28.35pt">
  <TR STYLE="background-color: #42C4DD">
    <TD STYLE="padding-right: 3pt; width: 66%; border: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>US$ &lsquo;000</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 17%; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>2020</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 17%; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>2019</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; border-left: Black 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">MIC, S.A (i)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">196,430</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">3,594</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; border-left: Black 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Miffin Associates Corp (i)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">164,232</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">6,341</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; border-left: Black 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Millicom Cable Costa Rica, S.A. </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">2,486</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">1,711</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; border-left: Black 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Millicom Spain, S.L. </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">1,163</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">287</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; border-left: Black 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Metrored Cable Honduras, S.A. de C.V. </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">327</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">223</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; border-left: Black 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Others</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">2,457</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">2,197</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Total</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>367,095</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>14,353</B></FONT></TD></TR>
  </TABLE>
<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0 0pt 28.35pt; text-align: justify">(i) As of December
31, 2020, includes shareholders&rsquo; loans $350 million (MIC $192.5 millon and Miffin $157.5 million)</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>


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<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Tigo Guatemala Companies &ndash; Combined Financial
Statements</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"></P>

<DIV STYLE="border-bottom: Black 0.5pt solid; padding: 0in 0in 1pt">

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"><B>As of December 31, 2020 and 2019 and for the years
ended December 31, 2020 and 2019</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0">&nbsp;</P>

</DIV>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; color: #00245D; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; color: #00245D; text-align: justify">&nbsp;</P>


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #42C4DD; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>25.</B></TD><TD STYLE="text-align: justify"><B>RELATED PARTY TRANSACTIONS AND BALANCES (Continued)</B></TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">The following significant
transactions were conducted with related parties for the years ended December 31:</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 95%; border-collapse: collapse; margin-left: 28.35pt">
  <TR STYLE="background-color: #42C4DD">
    <TD STYLE="padding-right: 3pt; width: 68%; border: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>US$ &lsquo;000</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 16%; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>2020</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 16%; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>2019</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="color: #00245D">Revenue (i)</FONT></P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="color: #00245D"></FONT></P></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">341,563</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">321,690</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Cost of sales and operating expenses (ii)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(235,274)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(233,701)</FONT></TD></TR>
  </TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #00245D; font: italic 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 14.2pt">(i)</TD><TD STYLE="text-align: justify">Mainly comprising airtime revenue, corporate transmissions and other revenue with Nexcel.</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="color: #00245D; font: italic 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 14.2pt">(ii)</TD><TD STYLE="text-align: justify">Mainly composed by handset acquisition, network maintenance, site rental costs, airtime costs and other
direct costs with Celution Corporation, Lark Capital Group and Las Azaleas, S.A.</TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><B><I>Terms and conditions
of transactions with related parties</I></B></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Outstanding balances
at the year-end are unsecured (except for intercompany receivables amounting to $415,092 (2019: $653,375), operating receivables and payables
with related parties do not generate interest) and are settled in cash. There have been no guarantees provided or received for any related
party receivables or payables. For the year ended December 31, 2020 and 2019, the Group has not recorded any impairment of receivables
relating to amounts owed by related parties. This assessment is undertaken each financial year through examining the financial position
of the related party and the market in which the related party operates.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #42C4DD; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>26.</B></TD><TD><B>FINANCIAL RISK MANAGEMENT</B></TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><B><I>Terms, conditions
and risk management policies</I></B></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Exposure to interest
rate, foreign currency, non-repatriation, liquidity and credit risks arise in the normal course of the Combined Group&rsquo;s business.
Financial risk management is performed at MIC Group level, where each of these risks are analyzed individually on a MIC Group consolidated
level as well as on an interconnected basis. The MIC Group defines and implements strategies to manage the economic impact on the MIC
Group&rsquo;s performance in line with its financial risk management policy. MIC Group&rsquo;s risk management strategies may include
the use of derivatives. MIC Group&rsquo;s policy is prohibiting the use of such derivatives in the context of speculative trading as presented
in its financial statements.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><B><I>Interest rate
risk</I></B></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Interest rate risk
generally arises on borrowings. Borrowings issued at floating rates expose the Combined Group to cash flow interest rate risk. Borrowings
issued at fixed rates expose the Combined Group to fair value interest rate risk. Since the bond and bank loans issuance (see note 16),
the Combined Group&rsquo;s exposure to risk of changes in market interest rates relates to fair value interest rate risk only.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt">The table below summarizes, as of December
31, 2020, the Combined Group&rsquo;s fixed rate debt:</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 95%; border-collapse: collapse; margin-left: 28.35pt">
  <TR STYLE="background-color: #42C4DD">
    <TD ROWSPAN="2" STYLE="padding-right: 3pt; border: Black 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>US$ &lsquo;000, except percentages</B></FONT></TD>
    <TD COLSPAN="7" STYLE="padding-right: 3pt; vertical-align: bottom; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>Amounts due within</B></FONT></TD></TR>
  <TR STYLE="background-color: #42C4DD">
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>1 year</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>1-2&nbsp;&nbsp;year</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>2-3&nbsp;&nbsp;years</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>3-4&nbsp;&nbsp;years</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>4-5&nbsp;&nbsp;years</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>&gt;5 years</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>Total</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; width: 33%; border-left: Black 1pt solid; border-right: Black 1pt solid; color: #00245D; padding-left: 3pt">Fixed rate&#9;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; width: 9%; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&mdash;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; width: 9%; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&mdash;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; width: 9%; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&mdash;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; width: 9%; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&mdash;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; width: 10%; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">281,889</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; width: 10%; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">131,515</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; width: 11%; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">413,404</TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; color: #00245D; padding-left: 3pt">Weighted average nominal interest&nbsp;rate&#9;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&mdash;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&mdash;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&mdash;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&mdash;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">6.544%</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">5.811%</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">6.311%</TD></TR>
  </TABLE>

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

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Tigo Guatemala Companies &ndash; Combined Financial
Statements</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"></P>

<DIV STYLE="border-bottom: Black 0.5pt solid; padding: 0in 0in 1pt">

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"><B>As of December 31, 2020 and 2019 and for the years
ended December 31, 2020 and 2019</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0">&nbsp;</P>

</DIV>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; color: #00245D; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; color: #00245D; text-align: justify">&nbsp;</P>


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #42C4DD; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>26.</B></TD><TD><B>FINANCIAL RISK MANAGEMENT (Continued)</B></TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt">The table below summarizes, as of December
31, 2019, the Combined Group&rsquo;s fixed rate debt:</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 95%; border-collapse: collapse; margin-left: 28.35pt">
  <TR STYLE="background-color: #42C4DD">
    <TD ROWSPAN="2" STYLE="padding-right: 3pt; border: Black 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>US$ &lsquo;000, except percentages</B></FONT></TD>
    <TD COLSPAN="7" STYLE="padding-right: 3pt; vertical-align: bottom; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>Amounts due within</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #42C4DD">
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>1 year</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>1-2&nbsp;&nbsp;year</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>2-3&nbsp;&nbsp;years</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>3-4&nbsp;&nbsp;years</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>4-5&nbsp;&nbsp;years</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>&gt;5 years</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>Total</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; width: 33%; border-left: Black 1pt solid; border-right: Black 1pt solid; color: #00245D; padding-left: 3pt">Fixed rate&#9;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; width: 9%; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&mdash;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; width: 9%; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&mdash;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; width: 9%; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&mdash;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; width: 9%; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&mdash;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; width: 10%; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">790,616</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; width: 10%; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">138,592</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; width: 11%; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">929,208</TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; color: #00245D; padding-left: 3pt">Weighted average nominal interest&nbsp;rate&#9;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&mdash;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&mdash;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&mdash;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&mdash;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">6.875%</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">7.167%</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">6.919%</TD></TR>
  </TABLE>
<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0 0pt 28.35pt"><B><I>Foreign currency risk</I></B></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">The Combined Group
operates in Guatemala and is exposed to foreign exchange risk arising from the currency exposure in Guatemala Quetzal. Foreign exchange
risk arises from future commercial transactions and recognized assets and liabilities.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt"><B><I>Foreign currency risk (continued)</I></B></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Foreign currency risk
management is performed at MIC Group level. The MIC Group seeks to reduce its foreign currency exposure through a policy of matching,
as far as possible, assets and liabilities denominated in foreign currencies. In some cases, the Combined Group may borrow in US Dollars
where it is either commercially more advantageous for subsidiaries to incur debt obligations in US Dollars or where US Dollar denominated
borrowing is the only funding source available to a subsidiary. In these circumstances, the MIC Group accepts the remaining currency risk
associated with financing its subsidiaries, principally because of the relatively high cost of forward cover, when available, in the currencies
in which the MIC Group operates.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">At December 31, 2020,
if the US Dollar had weakened/strengthened by 10% against the Quetzal and all other variables held constant, then profit before tax would
have increased/decreased by $48 million, and $39 million, respectively (2019:&nbsp;$48 million and $39&nbsp;million, respectively). This
increase/decrease in profit before tax would have mainly been as a result of the revaluation of the debts from US Dollar to Quetzal.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 28.35pt"><B><I>Credit
and counterparty risk </I></B></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 28.35pt">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Financial instruments
that potentially subject the Combined Group to credit risk are primarily cash and cash equivalents, letters of credit, trade receivables,
amounts due from shareholders, supplier advances and other current assets. Counterparties to agreements relating to the Combined Group&rsquo;s
cash and cash equivalents and letters of credit are with reputable financial institutions.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Combined Group management
does not believe there are significant risks of non-performance by these counterparties. Combined Group management has taken steps to
diversify its banking partners and is managing the allocation of deposits across banks so that the Combined Group&rsquo;s counterparty
risk with a given bank stays within limits which have been set based on each bank credit rating to avoid any significant exposure to a
specific party.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">A large portion of
turnover comprises prepaid airtime. For customers for whom telecom services are not prepaid, each combined entity follows risk control
procedures to assess the credit quality of the customer, taking into account its financial position, past experience and other factors.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Accounts receivable
are mainly derived from balances due from other telecom operators or business-to-business customers. Credit risk of other telecom operators
is limited due to the regulatory nature of the telecom industry, in which licenses are normally only issued to credit worthy companies.
Credit checks are being performed for business-to-business customers. The Combined Group maintains a provision for impairment of trade
receivables based upon expected collectability of all trade receivables.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->
<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Tigo Guatemala Companies &ndash; Combined Financial
Statements</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"></P>

<DIV STYLE="border-bottom: Black 0.5pt solid; padding: 0in 0in 1pt">

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"><B>As of December 31, 2020 and 2019 and for the years
ended December 31, 2020 and 2019</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0">&nbsp;</P>

</DIV>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; color: #00245D; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; color: #00245D; text-align: justify">&nbsp;</P>


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #42C4DD; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>26.</B></TD><TD><B>FINANCIAL RISK MANAGEMENT (Continued)</B></TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">As the Combined Group
has a number of dispersed customers, there is no significant concentration of credit risk with respect to trade receivables.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><B><I>Liquidity risk</I></B></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Liquidity risk management
is performed at the MIC Group level. Liquidity risk is defined as the risk that an entity will encounter difficulty in meeting obligations
associated with financial liabilities. The MIC Group has incurred significant indebtedness but also has significant cash balances. The
MIC Group evaluates its ability to meet its obligations on an ongoing basis using a recurring liquidity planning tool. This tool considers
the operating net cash flows generated from its operations and the future cash needs for borrowing, interest payments, dividend payments
and capital and operating expenditures required in maintaining and developing its operating businesses.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">The Combined Group
borrowings are concentrated to four bank loans (note 16). Combined Group management believes that there is sufficient liquidity available
to meet ongoing liquidity needs.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><B><I>Liquidity risk
(continued)</I></B></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 28.35pt">The tables
below summarize the maturity profile of the Combined Group&rsquo;s net financial liabilities:</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 28.35pt">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><B><I>Year ended December
31, 2020</I></B></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 95%; border-collapse: collapse; margin-left: 28.35pt">
  <TR STYLE="background-color: #42C4DD">
    <TD STYLE="padding-right: 3pt; width: 52%; border: Black 1pt solid; text-indent: 10.05pt; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>US$ &lsquo;000</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 12%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>Less than 1 year</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 12%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>1 to 5 years</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 12%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>&gt;5 years</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 12%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>Total</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; border-left: Black 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Other debt and financing (see note&nbsp;16)&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">413,404 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">413,404 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; border-left: Black 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Lease liabilities (see note 2.22)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">24,035 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">124,828 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">80,427 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">229,290 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; border-left: Black 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Future interest commitments on debt</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">26,090 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">104,362 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">13,360 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">143,812 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; border-left: Black 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Future interest commitments on leases</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">22,383 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">44,235 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">16,461 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">83,079 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; border-left: Black 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Trade payables (excluding accruals) (see note 17 and 18)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; padding-left: 3pt">
    <P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">41,592</P></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; padding-left: 3pt">
    <P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">&mdash;</P></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; padding-left: 3pt">
    <P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">&mdash;</P></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; padding-left: 3pt">
    <P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">41,592</P></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; border-left: Black 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Other financial liabilities (including accruals) (see note 17, 19 and 25)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; padding-left: 3pt">
    <P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">437,235</P></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; padding-left: 3pt">
    <P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">&mdash;</P></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; padding-left: 3pt">
    <P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">&mdash;</P></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; padding-left: 3pt">
    <P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">437,235</P></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Net financial liability</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>551,335 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>273,425 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>523,652 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>1,348,412 </B></FONT></TD></TR>
  </TABLE>
<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0 0pt 28.35pt; text-align: justify"><B><I>Year ended December
31, 2019</I></B></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 95%; border-collapse: collapse; margin-left: 28.35pt">
  <TR STYLE="vertical-align: bottom; background-color: #42C4DD">
    <TD STYLE="padding-right: 3pt; width: 52%; border: Black 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>US$ &lsquo;000</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 12%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>Less than 1 year</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 12%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>1 to 5 years</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 12%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>&gt;5 years</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 12%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>Total</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: Black 1pt solid; border-left: Black 1pt solid; color: #00245D; padding-left: 3pt">Other debt and financing (see note&nbsp;16)</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&mdash;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">790,616</TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">138,592</TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">929,208</TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: Black 1pt solid; border-left: Black 1pt solid; color: #00245D; padding-left: 3pt">Lease liabilities (see note 2.23)</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">20,592</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">116,701</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">105,275</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">242,568</TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: Black 1pt solid; border-left: Black 1pt solid; color: #00245D; padding-left: 3pt">Future interest commitments on debt</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">64,921</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">229,908</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">2,276</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">297,105</TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: Black 1pt solid; border-left: Black 1pt solid; color: #00245D; padding-left: 3pt">Future interest commitments on leases</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">19,853</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">56,676</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">27,504</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">104,033</TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: Black 1pt solid; border-left: Black 1pt solid; color: #00245D; padding-left: 3pt">Trade payables (excluding accruals)</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">58,072</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&mdash;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&mdash;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">58,072</TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: Black 1pt solid; border-left: Black 1pt solid; color: #00245D; padding-left: 3pt">Other financial liabilities (including accruals)</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">106,769</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&mdash;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&mdash;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: top; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">106,769</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; color: #00245D; padding-left: 3pt"><B>Net financial liability</B></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><B>270,207</B></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><B>1,193,901</B></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><B>273,647</B></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><B>1,737,755</B></TD></TR>
  </TABLE>
<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0 0pt 28.35pt; text-align: justify"><B><I>Capital management</I></B></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Capital management
is performed at the MIC Group and Miffin Associates Corp. levels. The primary objective of MIC Group&rsquo;s capital management is to
ensure that it maintains a strong credit rating and healthy capital ratios in order to support its business and maximize shareholder value.
The MIC Group and Miffin Associates Corp. manage their capital structure and make adjustments to it, in light of changes in economic conditions.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>


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<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Tigo Guatemala Companies &ndash; Combined Financial
Statements</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"></P>

<DIV STYLE="border-bottom: Black 0.5pt solid; padding: 0in 0in 1pt">

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"><B>As of December 31, 2020 and 2019 and for the years
ended December 31, 2020 and 2019</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0">&nbsp;</P>

</DIV>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; color: #00245D; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; color: #00245D; text-align: justify">&nbsp;</P>


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #42C4DD; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>27.</B></TD><TD STYLE="text-align: justify"><B>FINANCIAL INSTRUMENTS </B></TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">The fair value of the
Combined Group&rsquo;s financial instruments is included at the amount at which the instrument could be exchanged in a current transaction
between willing parties, other than in a forced or liquidation sale.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt"><B><I>Fair value measurement hierarchy</I></B></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">IFRS 7 requires for
financial instruments that are measured in the statement of financial position at fair value, the disclosure of fair value measurements
by level of the following fair value measurement hierarchy:</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 14.2pt">&bull;</TD><TD STYLE="text-align: justify">Level&nbsp;1 - Quoted prices (unadjusted) in active markets for identical assets or liabilities.</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="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 14.2pt">&bull;</TD><TD STYLE="text-align: justify">Level&nbsp;2 - Inputs other than quoted prices included within level&nbsp;1 that are observable for the
asset or liability, either directly (that is, as prices) or indirectly (that is, derived from prices).</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="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 14.2pt">&bull;</TD><TD STYLE="text-align: justify">Level&nbsp;3 - Inputs for the asset or liability that are not based on observable market data (that is,
unobservable inputs).</TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt"><B><I>Fair value measurement hierarchy (continued)</I></B></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">At December 31, 2020
and 2019, the Combined Group does not own any financial instruments that are measured at fair value.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">The fair value of all
financial assets and all financial liabilities except debt and financing, approximate their carrying value largely due to the short-term
maturities of these instruments. Refer to note 16 for further details on fair value of debt and financing. The fair value of the bonds
has been determined based on their market price (level 1). The fair values of other debt and financing have been estimated by the Combined
Group management based on discounted future cash flows at market interest rates (level 2).</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #42C4DD; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>28.</B></TD><TD STYLE="text-align: justify"><B>SUBSEQUENT EVENT</B></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 0pt 28.35pt; text-align: justify; color: #00245D">During July, 2021 the
Combined Group acquired a cable business of Ares Project for $3.3 million. The business acquisition included 100% of the customer list,
network infrastructure and operating assets of the entities. The acquisition was made considering its strategic region location, for both
its economic and its platform for convergence which will serve to penetrate the Combined Group brand at country level and thereby increase
the subscribers and the network infrastructure.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify; color: #00245D">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify; text-indent: 0pt">During
2021, the entities of the Combined Group had declared dividends related to 2020 retained profits of $366 million.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify; text-indent: 0pt">On
November 1, 2021, the Company experienced a Security Incident related to Ransomware which mostly affected its back-office functions, but
not the regular service of the Company to its customers nor the financial accounting systems. The incident is still under investigation;
however, the Company does not believe it has had or will have a significant impact on its operations or its financial statements.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 29.25pt; color: #00245D; text-align: justify; text-indent: -0.9pt"><FONT STYLE="font-weight: normal">On
November 12, 2021, Millicom acquired the remaining 45% equity interest in its joint venture business in Guatemala (collectively, &ldquo;Tigo
Guatemala&rdquo;) from Miffin for $2.2 billion in cash. As a result, Millicom owns 100% equity interest in Tigo Guatemala. </FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 29.25pt; color: #00245D; text-align: justify; text-indent: -0.9pt">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">On December 10, 2021,
the Combined Group acquired new local bank loans for Q1,450 million ($187.6 million using the December 10, 2021 GTQ/USD exchange rate
of 7.73) with term ranging from four to five years and with an effective interest rate of 6%.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 29.25pt; color: #00245D; text-align: justify; text-indent: -0.9pt"><FONT STYLE="font-weight: normal"></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 29.25pt; color: #00245D; text-align: justify; text-indent: -0.9pt">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">****</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">&nbsp;&nbsp;</P>


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    <DIV STYLE="break-before: page; 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: right"><B>Item 2</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-align: center">&nbsp;</P>

<P STYLE="color: #00245D; font: 28pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in"><B>&nbsp;</B></P>

<P STYLE="font: 28pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0 0pt 0.25in"><B>Tigo Guatemala Companies </B></P>

<P STYLE="color: #00245D; font: 28pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in"></P>

<P STYLE="color: #00245D; font: 28pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in"><B>Unaudited Interim Condensed Combined Financial
Statements </B></P>

<P STYLE="color: #00245D; font: 28pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in"></P>

<P STYLE="color: #00245D; font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in"><B>As of September 30, 2021 and December
31, 2020 </B></P>

<P STYLE="color: #00245D; font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in"></P>

<P STYLE="color: #00245D; font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in"><B>and for the nine-month periods ended </B></P>

<P STYLE="color: #00245D; font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in"></P>

<P STYLE="color: #00245D; font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in"><B>September 30, 2021 and 2020</B></P>

<P STYLE="color: #00245D; font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in">&nbsp;</P>

<P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0 0pt 0.25in">&nbsp;</P>

<P STYLE="color: #00245D; font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in">January 22, 2022</P>

<P STYLE="color: #00245D; font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in">&nbsp;</P>

<P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0 0pt 0.25in">&nbsp;</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Tigo Guatemala Companies &ndash; Unaudited Interim
Condensed Combined Financial Statements </B></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; border-bottom: Black 0.5pt solid"><B>For the nine-month
period ended September 30, 2021 and 2020&nbsp;</B></P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; color: #42C4DD; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #42C4DD">&nbsp;</P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #42C4DD">Unaudited interim condensed combined income statements
for the nine-month periods ended September 30, 2021 and 2020</P>

<P STYLE="color: #42C4DD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #42C4DD">
    <TD STYLE="padding-right: 3pt; width: 61%; border: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>US$ &lsquo;000</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 7%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>Notes</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 16%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>Nine months<BR>
ended<BR>
September 30,<BR>
2021</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 16%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>Nine months<BR>
ended<BR>
September 30,<BR>
2020</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E"><B>Revenue from contracts with customers</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">4</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E"><B>1,190,224 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E"><B>1,104,887 </B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">Cost of sales.</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">(263,728)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">(269,281)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E"><B>Gross profit</B>.</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">4</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E"><B>926,496 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E"><B>835,606 </B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">Operating Expenses</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">(280,399)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">(267,631)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">Depreciation &amp; amortization</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">(178,692)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">(177,672)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">Other operating income (expenses), net</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">(1,003)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">(2,135)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E"><B>Operating profit</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">4</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E"><B>466,402 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E"><B>388,168 </B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">Interest expense (i)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">(42,780)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">(102,409)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">Interest and other financial income</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">6,639 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">15,114 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">Foreign exchange gain (loss), net</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">(515)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">(7,778)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E"><B>Profit before taxes</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E"><B>429,746 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E"><B>293,095 </B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">Charge for taxes, net</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">(67,355)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">(62,579)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: Black 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E"><B>Net profit for the period</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: Black 1pt solid; text-align: center; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E"><B>362,391 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E"><B>230,516 </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 Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #00245D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><I>(i)</I></TD><TD STYLE="text-align: justify"><I>Interest expense is lower in the 9 month-period ended September 30, 2021 compared to same period last
year as a result of the early redemption of the Senior Notes in November 2020 (see note 8). Last year also included the provision for
the redemption premium fee of $18 million and remaining amortized costs of $7.7 million.</I></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: center">The accompanying notes are an integral part of these
combined financial statements.</P>

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

<!-- Field: Page; Sequence: 55; Options: NewSection; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Tigo Guatemala Companies &ndash; Unaudited Interim
Condensed Combined Financial Statements </B></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>For the nine-month period ended September 30, 2021
and 2020&nbsp;</B></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 3pt; margin-bottom: 3pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"></P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; color: #42C4DD; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; color: #42C4DD; margin: 0pt 0">Unaudited interim condensed combined statements
of comprehensive income for the nine-month periods ended September 30, 2021 and 2020</P>

<P STYLE="color: #42C4DD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #42C4DD">
    <TD STYLE="padding-right: 3pt; width: 70%; border: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>US$ &lsquo;000</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 15%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>Nine months<BR>
ended<BR>
September 30, 2021</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 15%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>Nine months<BR>
ended<BR>
September 30, 2020</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Net profit for the period.</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">362,391</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">230,516</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B><I>Other comprehensive income, net of tax:</I></B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><I>Item that may be reclassified to the income statement in subsequent periods</I></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Exchange differences on translation of operations to the US dollars reporting currency</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">5,282</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">2,695</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Total comprehensive income for the period</B>.</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>367,673</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>233,211</B></FONT></TD></TR>
  </TABLE>

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">The accompanying notes are an integral part of these
combined financial statements.</P>

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

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

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<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Tigo Guatemala &ndash; Unaudited Interim Condensed
Combined Financial Statements </B></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; border-bottom: Black 0.5pt solid"><B>As of September
30, 2021 and December 31, 2020&nbsp;</B></P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; color: #42C4DD; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #42C4DD; text-align: justify">&nbsp;</P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; color: #42C4DD; margin: 0pt 0; text-align: justify">Unaudited interim condensed
combined statements of financial position as of September 30, 2021 and December 31, 2020</P>

<P STYLE="color: #42C4DD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #42C4DD">
    <TD STYLE="padding-right: 3pt; width: 61%; border: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>US$ &lsquo;000</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 7%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>Notes</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 16%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>September 30,<BR>
2021</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 16%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>December 31,<BR>
2020</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>ASSETS</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>NON-CURRENT ASSETS</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Intangible assets, net</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">6</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">290,189</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">&nbsp;279,443 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Property, plant and equipment, net</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">7</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">540,450</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">&nbsp;533,175 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Right of use assets, net</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">186,287</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">&nbsp;214,785 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Contract costs, net</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">2,283</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">&nbsp;&nbsp;2,146 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Deferred tax assets</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">26,232</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">25,275 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Amounts due from related parties</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">8</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">10</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">50,010 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Income tax assets</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">5,453</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">&nbsp;&nbsp;4,134 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Supplier advances for capital expenditure</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">20,388</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">&nbsp;&nbsp;7,327 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Other non-current assets</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">2,782</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">&nbsp;&nbsp;2,793 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>TOTAL NON-CURRENT ASSETS</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>1,074,074</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>1,119,088</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>CURRENT ASSETS</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Inventories</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">36,076</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">25,767</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Trade receivables, net</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">44,281</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">51,748</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Contract assets, net</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">52,545</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">58,333</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; background-color: white; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Amounts due from related parties</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">8</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">81,992</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">367,447</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Prepayments</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">6,887</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">3,803</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Other current assets</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">30,469 </FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">23,812</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Restricted cash</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">9</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">6,910</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">7,105</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Cash and cash equivalents</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">9</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">197,336</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">188,542</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>TOTAL CURRENT ASSETS</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>456,496</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>726,557</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>TOTAL ASSETS</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>1,530,570</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>1,845,645</B></FONT></TD></TR>
  </TABLE>

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">The accompanying notes are an integral part of these
combined financial statements.</P>

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

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<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Tigo Guatemala &ndash; Unaudited Interim Condensed
Combined Financial Statements </B></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; border-bottom: Black 0.5pt solid"><B>As of September
30, 2021 and December 31, 2020&nbsp;</B></P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; color: #42C4DD; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #42C4DD; text-align: justify">&nbsp;</P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; color: #42C4DD; margin: 0pt 0; text-align: justify">Unaudited interim condensed
combined statements of financial position as of September 30, 2021 and December 31, 2020 (Continued)</P>

<P STYLE="color: #42C4DD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #42C4DD">
    <TD STYLE="padding-right: 3pt; width: 60%; border: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>US$ &lsquo;000</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 7%; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>Notes</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 15%; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>September 30, 2021</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 18%; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>December 31,<BR>
2020</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>EQUITY AND LIABILITIES </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>EQUITY</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Share capital and premium</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">8,219</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">8,219</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Equity contribution reserve</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">13,143</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">13,070</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Other reserves</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">91,559</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">86,277</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Retained earnings</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">468,080</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">471,791</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>TOTAL EQUITY</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>581,001</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>579,357</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; padding-left: 3pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>LIABILITIES</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; padding-left: 3pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Non-current liabilities</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; padding-left: 3pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Other debt and financing</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">10&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">416,621</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">413,404</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Lease liabilities</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">174,531</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">205,255</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Provisions and other non-current liabilities</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">54,143</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">51,018</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Deferred tax liabilities</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">10,633</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">11,002</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Total non-current liabilities</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>655,928</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>680,679</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; padding-left: 3pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Current liabilities</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; padding-left: 3pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Lease liabilities.</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">28,604</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">24,035</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Amounts due to related parties</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">8</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">54,229</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">367,095</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Payables and accruals for capital expenditure</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">37,656</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">32,464</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Trade payables</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">29,629</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">25,660</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Accrued interest and other expenses</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">64,360</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">53,608</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Current income tax liabilities </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">17,114</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">14,914</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Contract liabilities.</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">34,153</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">35,959</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Provisions and other current liabilities</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">27,896</FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">31,874</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Total current liabilities</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>293,641</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>585,609</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>TOTAL LIABILITIES</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>949,569</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>1,266,288</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>TOTAL EQUITY AND LIABILITIES</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>1,530,570</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>1,845,645</B></FONT></TD></TR>
  </TABLE>

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">The accompanying notes are an integral part of these
combined financial statements.</P>

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

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #42C4DD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Tigo Guatemala &ndash; Unaudited Interim Condensed
Combined Financial Statements </B></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; border-bottom: Black 0.5pt solid"><B>For the nine-month
period ended September 30, 2021 and 2020&nbsp;</B></P>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #42C4DD; margin: 0pt 0; text-align: justify"><B></B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #42C4DD; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #42C4DD; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #42C4DD; margin: 0pt 0; text-align: justify"><B>Unaudited interim condensed
combined statements of cash flows for the nine-month periods ended September 30, 2021 and 2020</B></P>

<P STYLE="color: #42C4DD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #42C4DD">
    <TD STYLE="width: 62%; border: #002060 1pt solid; color: #00245D"><FONT STYLE="color: white"><B>US$ &lsquo;000</B></FONT></TD>
    <TD STYLE="text-align: center; width: 8%; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; color: #00245D"><FONT STYLE="color: white"><B>Notes</B></FONT></TD>
    <TD STYLE="width: 15%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D"><FONT STYLE="color: white"><B>Nine months<BR>
ended<BR>
September 30, 2021</B></FONT></TD>
    <TD STYLE="width: 15%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D"><FONT STYLE="color: white"><B>Nine months<BR>
ended<BR>
September 30, 2020</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D"><FONT STYLE="color: #00245D"><B>Cash flows from operating activities:</B></FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; color: #00245D">&nbsp;</TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right; color: #00245D">&nbsp;</TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right; color: #00245D">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D"><FONT STYLE="color: #00245D"><B>Profit before taxes</B></FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; color: #00245D">&nbsp;</TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right; color: #00245D"><FONT STYLE="color: #00245D"><B>429,746 </B></FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right; color: #00245D"><FONT STYLE="color: #00245D"><B>293,095 </B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D"><FONT STYLE="color: #00245D"><B>Adjustments to reconcile to net cash:</B></FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; color: #00245D">&nbsp;</TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right; color: #00245D">&nbsp;</TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right; color: #00245D">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="border-right: #002060 1pt solid; border-left: #002060 1pt solid; text-indent: 10pt; color: #00245D"><FONT STYLE="color: #00245D">Interest expense</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; color: #00245D">&nbsp;</TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right; color: #00245D"><FONT STYLE="color: #00245D">42,780 </FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right; color: #00245D"><FONT STYLE="color: #00245D">102,409 </FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: #002060 1pt solid; border-left: #002060 1pt solid; text-indent: 10pt; color: #00245D"><FONT STYLE="color: #00245D">Interest and other financial income</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; color: #00245D">&nbsp;</TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right; color: #00245D"><FONT STYLE="color: #00245D">(6,639)</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right; color: #00245D"><FONT STYLE="color: #00245D">(15,114)</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-right: #002060 1pt solid; border-left: #002060 1pt solid; text-indent: 10pt; color: #00245D"><FONT STYLE="color: #00245D">Foreign exchange loss</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; color: #00245D">&nbsp;</TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right; color: #00245D"><FONT STYLE="color: #00245D">515 </FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right; color: #00245D"><FONT STYLE="color: #00245D">7,778 </FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D"><FONT STYLE="color: #00245D"><B>Adjustments for non-cash items:</B></FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; color: #00245D">&nbsp;</TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right; color: #00245D">&nbsp;</TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right; color: #00245D">&nbsp;</TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-right: #002060 1pt solid; border-left: #002060 1pt solid; text-indent: 10pt; color: #00245D"><FONT STYLE="color: #00245D">Depreciation and amortization</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: center; color: #00245D"><FONT STYLE="color: #00245D">4</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right; color: #00245D"><FONT STYLE="color: #00245D">178,692 </FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right; color: #00245D"><FONT STYLE="color: #00245D">177,672 </FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-right: #002060 1pt solid; border-left: #002060 1pt solid; text-indent: 10pt; color: #00245D"><FONT STYLE="color: #00245D">Loss on disposal and impairment of assets</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: center; color: #00245D"><FONT STYLE="color: #00245D">4</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right; color: #00245D"><FONT STYLE="color: #00245D">1,297 </FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right; color: #00245D"><FONT STYLE="color: #00245D">1,723 </FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: #002060 1pt solid; border-left: #002060 1pt solid; background-color: white; text-indent: 10pt; color: #00245D"><FONT STYLE="color: #00245D">Share-based compensation </FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; background-color: white; text-align: center; color: #00245D"><FONT STYLE="color: #00245D">5</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right; color: #00245D"><FONT STYLE="color: #00245D">73 </FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; background-color: white; text-align: right; color: #00245D"><FONT STYLE="color: #00245D">263 </FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D">&nbsp;</TD>
    <TD STYLE="border-right: #002060 1pt solid; color: #00245D">&nbsp;</TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right; color: #00245D"><FONT STYLE="color: #00245D"><B>646,464 </B></FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right; color: #00245D"><FONT STYLE="color: #00245D"><B>567,826 </B></FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-right: #002060 1pt solid; border-left: #002060 1pt solid; padding-left: 12.55pt; color: #00245D"><FONT STYLE="color: #00245D">Decrease/(increase) in trade receivables, prepayments, contract assets and other current assets</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; color: #00245D">&nbsp;</TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right; color: #00245D"><FONT STYLE="color: #00245D">10,945 </FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right; color: #00245D"><FONT STYLE="color: #00245D">(11,067)</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-right: #002060 1pt solid; border-left: #002060 1pt solid; text-indent: 10pt; color: #00245D"><FONT STYLE="color: #00245D">(Increase)/decrease in inventories</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; color: #00245D">&nbsp;</TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right; color: #00245D"><FONT STYLE="color: #00245D">(10,167)</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right; color: #00245D"><FONT STYLE="color: #00245D">7,139 </FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-right: #002060 1pt solid; border-left: #002060 1pt solid; padding-left: 12.55pt; color: #00245D"><FONT STYLE="color: #00245D">Increase
    in trade payables, contract liabilities, and other payables</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; color: #00245D">&nbsp;</TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right; color: #00245D"><FONT STYLE="color: #00245D">12,890 </FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right; color: #00245D"><FONT STYLE="color: #00245D">23,858 </FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D"><FONT STYLE="color: #00245D"><B>Changes in working capital</B></FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; color: #00245D">&nbsp;</TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right; color: #00245D"><FONT STYLE="color: #00245D"><B>13,668 </B></FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right; color: #00245D"><FONT STYLE="color: #00245D"><B>19,930 </B></FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-right: #002060 1pt solid; border-left: #002060 1pt solid; text-indent: 10pt; color: #00245D"><FONT STYLE="color: #00245D">Interest paid on debt and other financing</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; color: #00245D">&nbsp;</TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right; color: #00245D"><FONT STYLE="color: #00245D">(29,017)</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right; color: #00245D"><FONT STYLE="color: #00245D">(63,273)</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-right: #002060 1pt solid; border-left: #002060 1pt solid; text-indent: 10pt; color: #00245D"><FONT STYLE="color: #00245D">Interest paid on leases</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; color: #00245D">&nbsp;</TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right; color: #00245D"><FONT STYLE="color: #00245D">(13,742)</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right; color: #00245D"><FONT STYLE="color: #00245D">(15,317)</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-right: #002060 1pt solid; border-left: #002060 1pt solid; text-indent: 10pt; color: #00245D"><FONT STYLE="color: #00245D">Interest received </FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; color: #00245D">&nbsp;</TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right; color: #00245D"><FONT STYLE="color: #00245D">19,475 </FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right; color: #00245D"><FONT STYLE="color: #00245D">16,729 </FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-right: #002060 1pt solid; border-left: #002060 1pt solid; text-indent: 10pt; color: #00245D"><FONT STYLE="color: #00245D">Taxes paid</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; color: #00245D">&nbsp;</TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right; color: #00245D"><FONT STYLE="color: #00245D">(68,596)</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right; color: #00245D"><FONT STYLE="color: #00245D">(60,121)</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D"><FONT STYLE="color: #00245D"><B>Net cash provided by operating activities</B></FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; color: #00245D">&nbsp;</TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right; color: #00245D"><FONT STYLE="color: #00245D"><B>568,252 </B></FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right; color: #00245D"><FONT STYLE="color: #00245D"><B>465,774 </B></FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D"><FONT STYLE="color: #00245D"><B>Cash flows from investing activities:</B></FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; color: #00245D">&nbsp;</TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right; color: #00245D">&nbsp;</TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right; color: #00245D">&nbsp;</TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-right: #002060 1pt solid; border-left: #002060 1pt solid; text-indent: 10pt; color: #00245D"><FONT STYLE="color: #00245D">Purchase of property, plant and equipment </FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: center; color: #00245D"><FONT STYLE="color: #00245D">7</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right; color: #00245D"><FONT STYLE="color: #00245D">(136,027)</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right; color: #00245D"><FONT STYLE="color: #00245D">(126,433)</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-right: #002060 1pt solid; border-left: #002060 1pt solid; text-indent: 10pt; color: #00245D"><FONT STYLE="color: #00245D">Purchase of intangible assets</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: center; color: #00245D"><FONT STYLE="color: #00245D">6</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right; color: #00245D"><FONT STYLE="color: #00245D">(38,938)</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right; color: #00245D"><FONT STYLE="color: #00245D">(108,473)</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-right: #002060 1pt solid; border-left: #002060 1pt solid; text-indent: 10pt; color: #00245D"><FONT STYLE="color: #00245D">Proceeds from sale of property, plant and equipment</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; color: #00245D">&nbsp;</TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right; color: #00245D"><FONT STYLE="color: #00245D">258 </FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right; color: #00245D"><FONT STYLE="color: #00245D">205 </FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-right: #002060 1pt solid; border-left: #002060 1pt solid; text-indent: 10pt; color: #00245D"><FONT STYLE="color: #00245D">Net increase in restricted cash</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; color: #00245D">&nbsp;</TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right; color: #00245D"><FONT STYLE="color: #00245D">(195)</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right; color: #00245D"><FONT STYLE="color: #00245D">(1,099)</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D"><FONT STYLE="color: #00245D"><B>Net cash used by investing activities</B></FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; color: #00245D">&nbsp;</TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right; color: #00245D"><FONT STYLE="color: #00245D"><B>(174,902)</B></FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right; color: #00245D"><FONT STYLE="color: #00245D"><B>(235,800)</B></FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D"><FONT STYLE="color: #00245D"><B>Cash flows from financing activities:</B></FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; color: #00245D">&nbsp;</TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right; color: #00245D">&nbsp;</TD>
    <TD STYLE="border-right: #002060 1pt solid">&nbsp;</TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D"><FONT STYLE="color: #00245D">&nbsp;Repayment of debt and other financing</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: center; color: #00245D"><FONT STYLE="color: #00245D">8</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right; color: #00245D"><FONT STYLE="color: #00245D">&nbsp;&nbsp;(318,538)</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; color: #00245D"><FONT STYLE="color: #00245D">&nbsp;</FONT><FONT STYLE="color: windowtext">&mdash;</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-right: #002060 1pt solid; border-left: #002060 1pt solid; text-indent: 10pt; color: #00245D"><FONT STYLE="color: #00245D">Repayment of leases (capital component) </FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; color: #00245D">&nbsp;</TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right; color: #00245D"><FONT STYLE="color: #00245D">(20,075)</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right; color: #00245D"><FONT STYLE="color: #00245D">(19,865)</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-right: #002060 1pt solid; border-left: #002060 1pt solid; text-indent: 10pt; color: #00245D"><FONT STYLE="color: #00245D">Income tax withheld on dividends paid</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: center; color: #00245D">&nbsp;</TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right; color: #00245D"><FONT STYLE="color: #00245D">(18,276)</FONT></TD>
    <TD STYLE="white-space: nowrap; border-right: #002060 1pt solid; text-align: right; color: #00245D"><FONT STYLE="color: #00245D">(18,061)</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-right: #002060 1pt solid; border-left: #002060 1pt solid; text-indent: 10pt; color: #00245D"><FONT STYLE="color: #00245D">Payment of dividends</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: center; color: #00245D"><FONT STYLE="color: #00245D">11</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right; color: #00245D"><FONT STYLE="color: #00245D">(25,124)</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right; color: #00245D"><FONT STYLE="color: #00245D">(21,718)</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-right: #002060 1pt solid; border-left: #002060 1pt solid; text-indent: 10pt; color: #00245D"><FONT STYLE="color: #00245D">Loans granted to shareholders</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: center; color: #00245D">&nbsp;</TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right; color: #00245D"><FONT STYLE="color: #00245D">-</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right; color: #00245D"><FONT STYLE="color: #00245D">(80,000)</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D"><FONT STYLE="color: #00245D"><B>Net cash used by financing activities</B></FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; color: #00245D">&nbsp;</TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right; color: #00245D"><FONT STYLE="color: #00245D"><B>(382,013)</B></FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right; color: #00245D"><FONT STYLE="color: #00245D"><B>(139,644)</B></FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-right: #002060 1pt solid; border-left: #002060 1pt solid; text-indent: 10pt; color: #00245D"><FONT STYLE="color: #00245D">Exchange (loss)/gain on cash and cash equivalents, net</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; color: #00245D">&nbsp;</TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right; color: #00245D"><FONT STYLE="color: #00245D">(2,543)</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right; color: #00245D"><FONT STYLE="color: #00245D">666 </FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D"><FONT STYLE="color: #00245D"><B>Net increase in cash and cash equivalents</B></FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; color: #00245D">&nbsp;</TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right; color: #00245D"><FONT STYLE="color: #00245D"><B>8,794 </B></FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right; color: #00245D"><FONT STYLE="color: #00245D"><B>90,996 </B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D"><FONT STYLE="color: #00245D">Cash and cash equivalents at the beginning of the year</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; color: #00245D">&nbsp;</TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right; color: #00245D"><FONT STYLE="color: #00245D">188,542 </FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: right; color: #00245D"><FONT STYLE="color: #00245D">189,130</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D"><FONT STYLE="color: #00245D"><B>Cash and cash equivalents at the end of the period</B></FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D">&nbsp;</TD>
    <TD STYLE="border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: right; color: #00245D"><FONT STYLE="color: #00245D"><B>197,336 </B></FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: right; color: #00245D"><FONT STYLE="color: #00245D"><B>280,126 </B></FONT></TD></TR>
  </TABLE>
<P STYLE="color: #42C4DD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; color: #42C4DD; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">The accompanying notes are an integral part of these
combined financial statements.</P>

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

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

<!-- Field: Page; Sequence: 59; Value: 2 -->
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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Tigo Guatemala Companies &ndash; Unaudited Interim
Condensed Combined Financial Statements </B></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>For the nine-month period ended September 30, 2021
and 2020</B></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 3pt; margin-bottom: 3pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"></P>

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

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; color: #42C4DD; margin: 0pt 0; text-align: justify">Unaudited interim condensed
combined statements of changes in equity for the nine-month periods ended September 30, 2021 and 2020 and year ended December 31, 2020</P>

<P STYLE="color: #42C4DD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #42C4DD">
    <TD STYLE="padding-right: 3pt; width: 45%; border: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>US$ &lsquo;000</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 9%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>Share<BR>
capital<BR>
(000's)</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 14%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>Equity<BR>
Contribution<BR>
Reserve (i)<BR>
(000&rsquo;s)</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 10%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>Other<BR>
reserves<BR>
(ii)<BR>
(000&rsquo;s)</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 11%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>Retained<BR>
earnings<BR>
(000&rsquo;s)</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 11%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>Total<BR>
equity<BR>
(000's)</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; border-left: #00245D 1pt solid; background-color: white; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E"><B>At December 31, 2019</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E"><B>8,219 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E"><B>12,781 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E"><B>90,817 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E"><B>483,817 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E"><B>595,634 </B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E"><I>Profit for the period&hellip;</I></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">230,515 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">230,515 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E"><I>Currency translation differences</I></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; background-color: white; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">(5,426)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">(5,426)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">Total comprehensive income for the period</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">(5,426)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">230,515 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">225,089 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">Dividends</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">(362,497)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">(362,497)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">Share based compensation</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">263 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">263 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border: #00245D 1pt solid; background-color: white; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E"><B>At September 30, 2020</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; background-color: white; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E"><B>8,219 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; background-color: white; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E"><B>13,044 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; background-color: white; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E"><B>85,391 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; background-color: white; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E"><B>351,835 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E"><B>458,489 </B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E"><I>Profit for the period</I></FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">119,956 </FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">119,956 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E"><I>Currency translation differences</I></FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-right: #00245D 1pt solid; background-color: white; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">886 </FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">886 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">Total comprehensive income for the period</FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">886 </FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">119,956 </FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">120,842 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">Share based compensation</FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">26 </FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">26 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E"><B>At December 31, 2020</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E"><B>8,219 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E"><B>13,070 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E"><B>86,277 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E"><B>471,791 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E"><B>579,357 </B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E"><I>Profit for the period</I></FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">362,391 </FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">362,391 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E"><I>Currency translation differences</I></FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-right: #00245D 1pt solid; background-color: white; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">5,282 </FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">5,282 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">Total comprehensive income for the period</FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">5,282 </FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">362,391 </FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">367,673 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">Dividends (iii)</FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">(366,102)</FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">(366,102)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">Share based compensation</FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-right: #00245D 1pt solid; background-color: white; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">73 </FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E">73 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E"><B>At September 30, 2021</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E"><B>8,219 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E"><B>13,143 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E"><B>91,559 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; white-space: nowrap; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E"><B>468,080 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #0F243E"><B>581,001 </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 Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #00245D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 22.5pt"><I>(i)</I></TD><TD><I>Equity contribution reserve is made up only of share-based compensation expense. </I></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: #00245D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 22.5pt"><I>(ii)</I></TD><TD><I>Other reserves include legal reserves of $86 million and currency translation differences as of September 30, 2021. Legal reserves
are not distributable.</I></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: #00245D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 22.5pt"><I>(iii)</I></TD><TD><I>Dividends &ndash; see note 11.</I></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-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">The accompanying notes are an integral part of these
combined financial statements.</P>

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

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<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Tigo Guatemala Companies &ndash; Unaudited Interim
Condensed Combined Financial Statements </B></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>For the nine-month period ended September 30, 2021
and 2020</B></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 3pt; margin-bottom: 3pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"></P>

<P STYLE="font: bold 11pt Arial, Helvetica, Sans-Serif; color: #42C4DD; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #42C4DD; text-align: justify">&nbsp;</P>

<P STYLE="font: bold 11pt Arial, Helvetica, Sans-Serif; color: #42C4DD; margin: 0pt 0; text-align: justify">Notes to the unaudited interim
condensed combined financial statements for the nine-month periods ended September 30, 2021 and 2020</P>

<P STYLE="color: #42C4DD; font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #42C4DD"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>1.</B></TD><TD STYLE="text-align: justify"><B>ORGANIZATION</B></TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">The combined financial
statements are composed of ten companies (the &ldquo;Combined Group&rdquo;, &ldquo;Tigo Guatemala&rdquo; ) as detailed in the table below:</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 95%; border-collapse: collapse; margin-left: 28.35pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 4pt; width: 82%">
    <P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; border-bottom: Black 0.5pt solid"><B>Name of the
company&nbsp;</B></P></TD>
    <TD STYLE="padding-right: 4pt; width: 18%">
    <P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.5pt solid"><B>Country&nbsp;</B></P></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 4pt; text-align: center; color: #00245D">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; text-align: center; color: #00245D">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 4pt; vertical-align: top; color: #00245D">Comunicaciones Celulares, S.A. &#9;</TD>
    <TD STYLE="padding-right: 4pt; vertical-align: bottom; text-align: center; color: #00245D">Guatemala</TD></TR>
  <TR>
    <TD STYLE="padding-right: 4pt; vertical-align: top; color: #00245D">Comunicaciones Corporativas, S.A...&#9;</TD>
    <TD STYLE="padding-right: 4pt; vertical-align: bottom; text-align: center; color: #00245D">Guatemala</TD></TR>
  <TR>
    <TD STYLE="padding-right: 4pt; vertical-align: top; color: #00245D">Servicios especializados en Telecomunicaciones, S.A.&#9;</TD>
    <TD STYLE="padding-right: 4pt; vertical-align: bottom; text-align: center; color: #00245D">Guatemala</TD></TR>
  <TR>
    <TD STYLE="padding-right: 4pt; vertical-align: top; color: #00245D">Distribuidora de Comunicaciones de Occidente, S.A.&#9;</TD>
    <TD STYLE="padding-right: 4pt; vertical-align: bottom; text-align: center; color: #00245D">Guatemala</TD></TR>
  <TR>
    <TD STYLE="padding-right: 4pt; vertical-align: top; color: #00245D">Distribuidora Central de Comunicaciones, S.A. &#9;</TD>
    <TD STYLE="padding-right: 4pt; vertical-align: bottom; text-align: center; color: #00245D">Guatemala</TD></TR>
  <TR>
    <TD STYLE="padding-right: 4pt; vertical-align: top; color: #00245D">Distribuidora de Comunicaciones de Oriente, S.A. &#9;</TD>
    <TD STYLE="padding-right: 4pt; vertical-align: bottom; text-align: center; color: #00245D">Guatemala</TD></TR>
  <TR>
    <TD STYLE="padding-right: 4pt; vertical-align: top; color: #00245D">Distribuidora Internacional de Comunicaciones, S.A. &#9;</TD>
    <TD STYLE="padding-right: 4pt; vertical-align: bottom; text-align: center; color: #00245D">Guatemala</TD></TR>
  <TR>
    <TD STYLE="padding-right: 4pt; vertical-align: top; color: #00245D">Servicios Innovadores de Comunicaci&oacute;n y Entretenimiento, S.A..</TD>
    <TD STYLE="padding-right: 4pt; vertical-align: bottom; text-align: center; color: #00245D">Guatemala</TD></TR>
  <TR>
    <TD STYLE="padding-right: 4pt; vertical-align: top; color: #00245D">Navega.com, S.A...&#9;</TD>
    <TD STYLE="padding-right: 4pt; vertical-align: bottom; text-align: center; color: #00245D">Guatemala</TD></TR>
  <TR>
    <TD STYLE="padding-right: 4pt; vertical-align: top; color: #00245D">Cloud2Nube, S.A.</TD>
    <TD STYLE="padding-right: 4pt; vertical-align: bottom; text-align: center; color: #00245D">Guatemala</TD></TR>
  </TABLE>
<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 1.5pt 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 1.5pt 0pt 28.35pt; text-align: justify">In January 2014,
the Comcel Trust also comprised by the same entities of Tigo Guatemala, issued a bond of $800 million which was guaranteed by Comunicaciones
Celulares, S.A. and was listed on the Luxembourg Stock Exchange. In accordance with IFRS, the Comcel Trust was consolidated within the
combined Tigo Guatemala. With the proceeds of this bond, Comunicaciones Celulares, S.A. entered into a senior unsecured loan (&ldquo;the
Loan&rdquo;) with Credit Suisse AG, Cayman Islands Branch. The proceeds of the bond were used by the Comcel Trust to purchase a 100% participation
interest in the Loan pursuant to a credit and guarantee.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 1.5pt 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">On November 18, 2020,
Comcel Trust board of directors decided to redeem the $800 million aggregate principal amount of its outstanding 6.875% Senior Notes due
2024. 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 settled on November
18, 2020. As a result of the redemption, the Comcel Trust was terminated on November 18, 2020 and thereupon removed from the Trust register.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">The early repayment
of the Senior Notes described beforehand was financed by a mix of cash, shareholders&acute; loans for $350 million for one-year term with
a fixed interest rate of 4%, and loans with local banks for Q2,155 million (approximately $276.5 million) with terms ranging from three
to seven years, and with an effective interest rate of 5.97%.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">The Combined Group
provides mobile and data telephony services, corporate solutions, fixed-line broadband, fixed-line telephone, cable TV and mobile financial
services to retail and business customers in Guatemala.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">All Tigo Guatemala
entities have registered offices located at Km 9.5 Carretera a El Salvador, Plaza Tigo Sta. Catarina Pinula, Guatemala. They are owned
jointly by Millicom Group (&ldquo;MIC Group&rdquo;), whose ultimate holding company is Millicom International Cellular S.A. (&ldquo;MIC&rdquo;)
and by Miffin Associates Corp., together the &ldquo;Combined Group owners&rdquo;.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">The Combined Group
shareholders are Millicom Group and Miffin which own respectively 55% and 45% interests in each of the Tigo Guatemala. Those entities
form one single business in substance as all the entities have one single common Management. The Combined Group is governed by a shareholders&rsquo;
agreement. On November 11, 2021, Millicom signed an agreement to acquire the remaining 45% equity interest in its joint venture business
in Tigo Guatemala from Miffin, as a result, Millicom will own a 100% equity interest in Tigo Guatemala.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>


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<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Tigo Guatemala Companies &ndash; Unaudited Interim
Condensed Combined Financial Statements </B></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>For the nine-month period ended September 30, 2021
and 2020</B></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 3pt; margin-bottom: 3pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"></P>

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #42C4DD"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>2.</B></TD><TD STYLE="text-align: justify"><B>SUMMARY OF COMBINATION AND ACCOUNTING POLICIES</B></TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">The representatives
to the Board of Directors (&ldquo;Board&rdquo;) of Comunicaciones Celulares, S.A. and the other Tigo Guatemala have authorized for issue
these combined financial statements on January 22, 2022.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">These interim condensed
combined financial statements of the Combined 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. In the opinion of Management, these unaudited condensed interim combined financial statements reflect all
adjustments that are necessary for a proper presentation of the results for interim periods. The Combined Group&rsquo;s operations are
not affected by significant seasonal or cyclical patterns.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">These unaudited condensed
interim combined financial statements should be read in conjunction with the audited combined financial statements for the year ended
December 31, 2020. These unaudited condensed interim combined financial statements are prepared in accordance with consolidation and accounting
policies consistent with the December 31, 2020 combined financial statements, except for the changes described below.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><B>COVID-19 - Qualitative
and quantitative assessment on business activities, financial situation and economic performance</B></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><B>Impact on our business
unit</B></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">During the first nine
months of 2021, economic activity continued to recover in our market, as most countries continued to ease lockdowns implemented at the
beginning of the pandemic, and remittances from the U.S. to Central America sustained double-digit growth year-on-year. During this period,
the country experienced spikes in the number of COVID cases during the period, but government generally refrained from imposing strict
lockdowns, choosing instead to use curfews, which had a negligible effect on commercial activity.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">As of September 30,
2021, and for the nine-month period ended September 30, 2021, Management did not identify any significant adverse accounting effects as
a result of the pandemic.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><B>New and amended
IFRS standards</B></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify; color: #00245D">The following changes
to standards have been adopted by the Combined Group and did not have any significant impact on the Combined Group&rsquo;s accounting
policies or disclosures and did not require retrospective adjustments:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify; color: #00245D">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #00245D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 34pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Amendment to IFRS 16, &ldquo;Leases&rdquo; - COVID 19 Rent Concessions -
effective for annual periods starting on June 1, 2020. While the Combined Group has implemented this amendment already in 2020, the IASB
(in March 2021) extended its initial application beyond June 30, 2021, by one additional year.</FONT></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: #00245D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 34pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16 - Interest Rate
Benchmark Reform - Phase 2 - effective for annual periods starting on January 1, 2021. The amendments provide temporary reliefs which
address the financial reporting effects when an interbank offered rate (IBOR) is replaced with an alternative nearly risk-free interest
rate. The main relief provided by the Phase 2 amendments that is relevant to the Combined Group relate to:</FONT></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: #00245D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 34pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Changes to contractual cash flows, that is, when changing the basis for
determining contractual cash flows for financial assets and liabilities required by the reform this will not result in an immediate gain
or loss in the income statement but in an update of the effective interest rate (or an update in the discount rate to remeasure the lease
liability as a result of the IBOR reform). </FONT></TD></TR></TABLE>

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


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<P STYLE="color: #42C4DD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Tigo Guatemala Companies &ndash; Unaudited Interim
Condensed Combined Financial Statements </B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"><B>For the nine-month period ended September 30, 2021
and 2020</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 3pt; margin-bottom: 3pt; width: 100%"><DIV STYLE="border-top: Black 1pt solid; font-size: 1pt">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D"></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #42C4DD; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #42C4DD; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: 28.35pt; text-align: left"><B>2.</B></TD><TD><B>SUMMARY OF COMBINATION AND ACCOUNTING POLICIES (Continued)</B></TD>
</TR></TABLE>

<P STYLE="color: #42C4DD; 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 0pt 28.35pt; text-align: justify; color: #00245D">The following changes
to standards not yet effective are not expected to materially affect the Combined Group:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify; color: #00245D">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 28.35pt">Amendments
effective for annual periods starting on January 1, 2022:</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 28.35pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #00245D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 34pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">IFRS 3 &ldquo;Business Combinations&rdquo; - Reference to Conceptual Framework.</FONT></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: #00245D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 34pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">IAS 16 &ldquo;Property, Plant and Equipment&rdquo; - Proceeds before intended
use. </FONT></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: #00245D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 34pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">IAS 37 &ldquo;Provisions, Contingent Liabilities and Contingent Assets&rdquo;
- Cost of fulfilling a contract. </FONT></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: #00245D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 34pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Annual improvements to IFRS Standards 2018-2020, affecting IFRS 1, IFRS
9, IFRS 16 and IAS 41.</FONT></TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 34pt">Amendments effective
for annual periods starting on January 1, 2023 (not yet endorsed by the EU):</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 34pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #00245D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 34pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Amendments to IAS 1, &ldquo;Presentation of Financial Statements&rdquo;:
These amendments clarify that liabilities are classified as either current or non-current, depending on the rights that exist at the end
of the reporting period. The amendments also clarify what IAS 1 means when it refers to the &lsquo;settlement&rsquo; of a liability. The
IASB also issued 'Disclosure of Accounting Policies' with amendments that are intended to help preparers in deciding which accounting
policies to disclose in their financial statements.</FONT></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: #00245D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 34pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">IFRS 17, &ldquo;Insurance contracts&rdquo;, including amendments.</FONT></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: #00245D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 34pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">IAS 8, &ldquo;Accounting Policies, Changes in Accounting Estimates and Errors&rdquo;
- Definition of accounting estimates.</FONT></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 0pt 28.35pt; text-align: justify; color: #00245D">The following changes
to standards are effective for annual periods starting on January 1, 2023 (not yet endorsed by the EU) and their potential impact on the
Combined financial statements is currently being assessed by Management:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify; color: #00245D">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #00245D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 34pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Amendments to IAS 12, &ldquo;Income Taxes: Deferred tax related to assets
and liabilities arising from a Single Transaction&rdquo; - These amendments clarify that the initial recognition exception does not apply
to the initial recognition of leases and decommissioning obligations. These amendments apply prospectively to transitions that occur on
or after the beginning of the earliest comparative period presented. In addition, an entity should apply the amendments for the first
time by recognizing deferred tax for all temporary differences related to leases and decommissioning obligations at the beginning of the
earliest comparative period presented.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #42C4DD"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>3.</B></TD><TD STYLE="text-align: justify"><B>ACQUISITIONS OF BUSINESS </B></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 0pt 28.35pt; text-align: justify; color: #00245D">During the nine-month
period ended September 30, 2021 the Combined Group acquired a cable business of Ares Project for $3.3 million.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify; color: #00245D">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify; color: #00245D">During the nine-month
period ended September 30, 2020 the Combined Group acquired a cable business of Alexa Project for $2.3 million.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify; color: #00245D">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify; color: #00245D">Both business acquisitions
included 100% of the customer list, network infrastructure and operating assets of the entities. The acquisitions were made considering
its strategic region location, for both its economic and its platform for convergence which will serve to penetrate the Combined Group
brand at country level and thereby increase the subscribers and the network infrastructure.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify; color: #00245D">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify; color: #00245D">These acquisitions
were not material to the Combined Group for the nine month periods ended September 30, 2021 and 2020.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify; color: #00245D">&nbsp;</P>


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<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Tigo Guatemala Companies &ndash; Unaudited Interim
Condensed Combined Financial Statements </B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"><B>For the nine-month period ended September 30, 2021
and 2020</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 3pt; margin-bottom: 3pt; width: 100%"><DIV STYLE="border-top: Black 1pt solid; font-size: 1pt">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D"></P>

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


<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #42C4DD; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #42C4DD; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: 28.35pt; text-align: left"><B>4.</B></TD><TD><B>BREAKDOWN OF OPERATING PROFIT</B></TD>
</TR></TABLE>

<P STYLE="color: #42C4DD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">The gross profit and
operating profit of the Combined Group can be summarized as follows:</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 95%; border-collapse: collapse; margin-left: 28.35pt">
  <TR STYLE="background-color: #42C4DD">
    <TD STYLE="padding-right: 3pt; width: 72%; border: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>US$ &lsquo;000</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 14%; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>Nine months<BR>
ended<BR>
September 30, 2021</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 14%; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>Nine months<BR>
ended<BR>
September 30, 2020</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Airtime revenue</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">822,243 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">779,909 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Telephone and equipment</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; background-color: white; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">171,205 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; background-color: white; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">166,990 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Home subscriptions</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">131,975 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">97,763 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Data links</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">38,396 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">38,067 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Other revenue</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">26,405 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">22,158 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Revenue
from contracts with customers</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>1,190,224 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>1,104,887 </B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Cost of rendering telecommunication services</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(263,728)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(269,281)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Gross profit</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>926,496 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>835,606 </B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Depreciation and amortization (see notes 6 and 7)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; background-color: white; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(178,692)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; background-color: white; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(177,672)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Dealer commissions</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; background-color: white; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(70,733)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; background-color: white; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(68,564)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Employee related costs (see note 5)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; background-color: white; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(54,401)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; background-color: white; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(53,647)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Sites and network maintenance</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; background-color: white; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(50,690)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; background-color: white; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(47,922)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">External services</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; background-color: white; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(31,080)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; background-color: white; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(26,459)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Other expenses</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; background-color: white; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(22,139)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; background-color: white; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(22,454)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Phone subsidies</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; background-color: white; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(19,887)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; background-color: white; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(21,212)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Advertising and promotion</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; background-color: white; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(19,499)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; background-color: white; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(16,216)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Other fees and costs</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; background-color: white; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(11,287)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; background-color: white; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(11,190)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Loss on disposal and impairment of assets, net</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; background-color: white; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(1,297)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; background-color: white; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(1,723)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Low value and short-term leases expense</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; background-color: white; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(389)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; background-color: white; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(379)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Operating profit</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>466,402 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>388,168 </B></FONT></TD></TR>
  </TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #42C4DD; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>5.</B></TD><TD STYLE="text-align: justify"><B>EMPLOYEE RELATED COSTS</B></TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Employee related costs
are comprised of the following:</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 95%; border-collapse: collapse; margin-left: 28.35pt">
  <TR STYLE="background-color: #42C4DD">
    <TD STYLE="padding-right: 3pt; width: 72%; border: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>US$ &lsquo;000</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 14%; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>Nine months<BR>
ended<BR>
September 30, 2021</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 14%; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>Nine months<BR>
ended<BR>
September 30, 2020</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Wages and salaries</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">&nbsp;(55,095)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(53,992)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Social security</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(3,470)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(3,329)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Other employee related costs</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(2,279)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(2,426)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Share based compensation</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(73)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(263)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Capitalized employee related costs</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">6,516 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">6,363 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Total</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>(54,401)</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>(53,647)</B></FONT></TD></TR>
  </TABLE>

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

<!-- Field: Page; Sequence: 64; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->11<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->
<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Tigo Guatemala Companies &ndash; Unaudited Interim
Condensed Combined Financial Statements </B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"><B>For the nine-month period ended September 30, 2021
and 2020</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 3pt; margin-bottom: 3pt; width: 100%"><DIV STYLE="border-top: Black 1pt solid; font-size: 1pt">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D"></P>

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


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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #42C4DD; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>6.</B></TD><TD STYLE="text-align: justify"><B>INTANGIBLE ASSETS</B></TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">The following table
provides details of cash used for the purchase of intangible assets:</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 95%; border-collapse: collapse; margin-left: 28.35pt">
  <TR STYLE="background-color: #42C4DD">
    <TD STYLE="padding-right: 3pt; width: 70%; border: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>US$ &lsquo;000</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 16%; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>Nine months<BR>
ended<BR>
September 30, 2021</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 14%; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>Nine months<BR>
ended<BR>
September 30, 2020</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Additions (i)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">35,068</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">98,469</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Decrease in payables for intangible assets</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">3,870</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">10,004</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Cash used for the purchase of intangible assets</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>38,938</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>108,473</B></FONT></TD></TR>
  </TABLE>
<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><FONT STYLE="color: #002060"><I>&nbsp;</I></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0 0pt 28.35pt; text-align: justify"><FONT STYLE="color: #002060"><I>(i)
Main variance comes from the </I></FONT><I><FONT STYLE="color: #00245D">spectrum acquisition (2020: $83 million; 2019: $14.5)</FONT></I></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00235D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">The charge for amortization
of intangible assets for the nine-month period ended September 30, 2021 was $26 million (September 30, 2020: $24 million).</P>

<P STYLE="color: #00235D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00235D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">During the nine-month
period ended September 30, 2021, Tigo Guatemala Companies did not receive any proceeds from disposal of intangible assets (September 30,
2020: nil).</P>

<P STYLE="color: #00235D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #42C4DD; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>7.</B></TD><TD STYLE="text-align: justify"><B>PROPERTY, PLANT AND EQUIPMENT</B></TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">The following table
provides details of cash used for the purchase of property, plant and equipment:</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 95%; border-collapse: collapse; margin-left: 28.35pt">
  <TR STYLE="background-color: #42C4DD">
    <TD STYLE="padding-right: 3pt; width: 69%; border: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>US$ &lsquo;000</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 16%; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; padding-left: 3pt">
    <P STYLE="color: white; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>Nine months ended</B>&nbsp;</P>
    <P STYLE="color: white; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>September 30, 2021</B></P>
    <P STYLE="color: white; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3pt; width: 15%; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; padding-left: 3pt">
    <P STYLE="color: white; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>Nine months</B></P>
    <P STYLE="color: white; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P>
    <P STYLE="color: white; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>ended</B></P>
    <P STYLE="color: white; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P>
    <P STYLE="color: white; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>September 30, 2020</B></P>
    <P STYLE="color: white; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Additions</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">131,906 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">108,879 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Change in suppliers&rsquo; advances</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">13,071 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">4,949</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Change in payables for property, plant and equipment</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">(8,950) </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">12,605</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Cash used for the purchase of property, plant and equipment</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>136,027</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>126,433</B></FONT></TD></TR>
  </TABLE>
<P STYLE="color: #00235D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00235D; margin: 0pt 0 0pt 28.35pt; text-align: justify">The charge for depreciation
on property, plant and equipment for the nine-month period ended September 30, 2021 was $153 million (September 30, 2020: $154 million).</P>

<P STYLE="color: #00235D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00235D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">During the nine-month
period ended September 30, 2021, Tigo Guatemala Companies received $258 thousand in cash from disposal of property, plant and equipment
(September 30, 2020: $205 thousand).</P>

<P STYLE="color: #00235D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #42C4DD; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>8.</B></TD><TD STYLE="text-align: justify"><B>RELATED PARTY TRANSACTIONS AND BALANCES</B></TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><B><I>Millicom Group
subsidiaries</I></B></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">The Combined Group
receives business support and financing from various Millicom Group entities including MIC the ultimate holding company Millicom International
2 NV (&ldquo;MIC 2NV&rdquo;) and Millicom International Operations S.A. (&ldquo;MIO S.A.&rdquo;). The Combined Group also recharges to
other Millicom Group entities certain services performed on their behalf.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">The receivable balance
with MIC II NV as of September 30, 2021 represents loans to shareholders that are due in 2022, at the latest.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>


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<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Tigo Guatemala Companies &ndash; Unaudited Interim
Condensed Combined Financial Statements </B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D"><B>For the nine-month period ended September 30, 2021
and 2020</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 3pt; margin-bottom: 3pt; width: 100%"><DIV STYLE="border-top: Black 1pt solid; font-size: 1pt">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D"></P>

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


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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #42C4DD; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>8.</B></TD><TD STYLE="text-align: justify"><B>RELATED PARTY TRANSACTIONS AND BALANCES (Continued)</B></TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><B><I>Miffin Associates
Corp (&ldquo;Miffin&rdquo;)</I></B></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">The receivable balance
with Miffin as of September 30, 2021 represents loans to shareholders that are due in 2022, at the latest.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Transactions with Miffin
shareholders represent recurring commercial operations such as purchase of handsets, lease of buildings and sites and sale of airtime.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">The following transactions
were conducted with related parties during the nine-month period ended September 30, 2021 and September 30, 2020:</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 95%; border-collapse: collapse; margin-left: 28.35pt">
  <TR STYLE="background-color: #42C4DD">
    <TD STYLE="padding-right: 3pt; width: 68%; border: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>US$ &lsquo;000</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 16%; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>Nine months<BR>
ended<BR>
September 30, 2021</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 16%; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>Nine months<BR>
ended<BR>
September 30, 2020</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Costs &amp; Operating Expenses</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Purchases of goods and services (Miffin)</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding-right: 3pt; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">&nbsp;&nbsp;160,274</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">166,655</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Purchase of goods and services (MIC)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">730</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">892</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Purchases of goods and services (Other)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">6,710</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">6,300</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Total</B>&hellip;...&hellip;.</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>167,714</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>173,847</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: 95%; border-collapse: collapse; margin-left: 28.35pt">
  <TR STYLE="background-color: #42C4DD">
    <TD STYLE="padding-right: 3pt; width: 68%; border: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>US$ &lsquo;000</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 16%; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>Nine months<BR>
ended<BR>
September 30, 2021</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 16%; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>Nine months<BR>
ended<BR>
September 30, 2020</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Revenue</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Sale of goods and services (Miffin)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">268,136</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">238,177</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Sale of goods and services (MIC)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">3,557</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">7,758</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Sale of goods and services (Other)</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">4,527</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">3,234</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Total</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>276,220</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>249,169</B></FONT></TD></TR>
  </TABLE>
<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0 0pt 28.35pt; text-align: justify">As of September 30,
2021 the Combined Group had the following balances with related parties:</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 95%; border-collapse: collapse; margin-left: 28.35pt">
  <TR STYLE="background-color: #42C4DD">
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; width: 68%; border: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>US$ &lsquo;000</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 16%; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>As of September 30, 2021</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 16%; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>As of December 31, 2020</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Assets</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Millicom International II NV <FONT STYLE="font-size: 10pt">(i)</FONT></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">42,503</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">229,192</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Miffin Associates Corp <FONT STYLE="font-size: 10pt">(i)</FONT></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">34,775</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">185,900</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">MIC S.A.</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">1,630</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">368</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Newcom Nicaragua, S.A.</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">291</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">232</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Navega, S.A. de C.V.</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">133</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">473</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Others</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">2,670</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">1,292</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Total</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>82,002</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>417,457</B></FONT></TD></TR>
  </TABLE>
<P STYLE="color: #002060; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 34pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #002060; margin: 0pt 0 0pt 34pt; text-align: justify"><I>(i) During 2021, there
was no upstream dividend due to shareholders loans received at the end of 2020 and which were repaid partially during 2021, see below.
</I></P>

<P STYLE="color: #002060; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 34pt; text-align: justify">&nbsp;</P>


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<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Tigo Guatemala Companies &ndash; Unaudited Interim
Condensed Combined Financial Statements </B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D"><B>For the nine-month period ended September 30, 2021
and 2020</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 3pt; margin-bottom: 3pt; width: 100%"><DIV STYLE="border-top: Black 1pt solid; font-size: 1pt">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D"></P>

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


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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #42C4DD; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>8.</B></TD><TD STYLE="text-align: justify"><B>RELATED PARTY TRANSACTIONS AND BALANCES (Continued)</B></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: 95%; border-collapse: collapse; margin-left: 28.35pt">
  <TR STYLE="background-color: #42C4DD">
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; width: 68%; border: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>US$ &lsquo;000</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 16%; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>As of September 30, 2021</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 16%; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>As of December 31, 2020</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; border-left: Black 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Liabilities</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; border-left: Black 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Miffin Associates Corp <FONT STYLE="font-size: 10pt">(i)</FONT> </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">43,913</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">164,232</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; border-left: Black 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Millicom International II N.V. <FONT STYLE="font-size: 10pt">(i)</FONT> </FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3pt; border-right: Black 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">&nbsp;1,815</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">196,430</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; border-left: Black 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Millicom Cable Costa Rica</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">2,771</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">2,486</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; border-left: Black 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Millicom Spain, S.L</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">2,207</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">1,163</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; border-left: Black 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Navega, S.A. de C.V.</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">93</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">327</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; border-left: Black 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Others</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 3pt; border-right: Black 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">&nbsp;3,430</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">2,457</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Total</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>54,229</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>367,095</B></FONT></TD></TR>
  </TABLE>
<P STYLE="color: #002060; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #002060; margin: 0pt 0 0pt 28.35pt; text-align: justify"><I>(i) The shareholders&rsquo;
loan received at the end of last year was partially reimbursed during 2021 for $318.5 million. As of September 30, 2021, the remaining
balance of the shareholders&rsquo; loan amounts to $31.5 million. </I></P>

<P STYLE="color: #002060; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #42C4DD; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>9.</B></TD><TD><B>CASH AND CASH EQUIVALENTS AND RESTRICTED CASH</B></TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Restricted cash comprised:</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 95%; border-collapse: collapse; margin-left: 28.35pt">
  <TR STYLE="background-color: #42C4DD">
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; width: 68%; border: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>US$ &lsquo;000</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 16%; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>As of September 30, 2021</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 16%; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>As of December 31, 2020</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Restricted cash in GTQ</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">6,910</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">7,105</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Total restricted cash</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>6,910</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>7,105</B></FONT></TD></TR>
  </TABLE>
<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 4.75pt 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 4.75pt 0pt 28.35pt; text-align: justify">Restricted cash
mainly refers to cash within the mobile financial services business, which is restricted in accordance with local regulations.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 4.75pt 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt">Cash and cash equivalents comprised:</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 95%; border-collapse: collapse; margin-left: 28.35pt">
  <TR STYLE="background-color: #42C4DD">
    <TD STYLE="border: #002060 1pt solid; padding-right: 3pt; width: 68%; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>US$ &lsquo;000</B></FONT></TD>
    <TD STYLE="border-top: #002060 1pt solid; padding-right: 3pt; width: 16%; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>As of September 30, 2021</B></FONT></TD>
    <TD STYLE="border-top: #002060 1pt solid; padding-right: 3pt; width: 16%; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>As of September 30, 2020</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: #00245D 1pt solid; padding-right: 3pt; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Cash and cash equivalents in U.S. dollars</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding-right: 3pt; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">134,862</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding-right: 3pt; vertical-align: top; text-align: right; color: #00245D; padding-left: 3pt">107,170</TD></TR>
  <TR>
    <TD STYLE="border-right: #00245D 1pt solid; padding-right: 3pt; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Cash and cash equivalents in GTQ</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding-right: 3pt; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">62,474</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding-right: 3pt; vertical-align: top; text-align: right; color: #00245D; padding-left: 3pt">81,372</TD></TR>
  <TR>
    <TD STYLE="border-right: #00245D 1pt solid; padding-right: 3pt; border-bottom: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Total cash and cash equivalents</B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding-right: 3pt; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>197,336</B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding-right: 3pt; vertical-align: top; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><B>188,542</B></TD></TR>
  </TABLE>
<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0 0pt 28pt; text-align: justify">Cash and short-term deposits
in the statement of financial position comprise cash at banks and on hand and short-term deposits with a maturity of three months or less,
which are subject to an insignificant risk of changes in value. For the purpose of the combined statement of cash flows, cash and cash
equivalents consist of cash and short-term deposits, as defined above, net of outstanding bank overdrafts as they are considered an integral
part of the Group&acute;s cash Management.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28pt; text-align: justify">&nbsp;</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Tigo Guatemala Companies &ndash; Unaudited Interim
Condensed Combined Financial Statements </B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D"><B>For the nine-month period ended September 30, 2021
and 2020</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 3pt; margin-bottom: 3pt; width: 100%"><DIV STYLE="border-top: Black 1pt solid; font-size: 1pt">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D"></P>

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

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


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #42C4DD; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>10.</B></TD><TD STYLE="text-align: justify"><B>OTHER DEBT AND FINANCING</B></TD></TR></TABLE>

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

<P STYLE="color: #42C4DD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><I>Analysis of debt
and other financing by maturity</I></P>

<P STYLE="color: #42C4DD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">The total amount of
debt and financing is repayable as follows:</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 95%; border-collapse: collapse; margin-left: 28.35pt">
  <TR STYLE="background-color: #42C4DD">
    <TD STYLE="padding-right: 3pt; width: 68%; border: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>US$ &lsquo;000</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 16%; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>As of September 30, 2021</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 16%; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>As of December 31, 2020</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Amounts due within 4 to 5 years</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">284,083</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">281,889</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Amounts due after five years</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">132,538</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">131,515</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; border-left: #00245D 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Total debt</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>416,621</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>413,404</B></FONT></TD></TR>
  </TABLE>
<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0 0pt 28.35pt; text-align: justify">No borrowings are due
within one year.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">On June 19, 2020, Comunicaciones
Celulares, S.A. (&quot;Comcel&quot;) entered into a credit agreement with Banco Industrial for GTQ 500 million (approximately $64 million
using the exchange rate as of December 31, 2020) for a 5-year term.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">On November 18, 2020,
Comcel redeemed the $800 million aggregate principal amount of its outstanding 6.875% Senior Notes due 2024 (see note 1). The early repayment
of the Senior Notes was financed by a mix of cash, shareholders&rsquo; loans for $350 million for one-year term with a fixed interest
rate of 4%, and loans from local banks for Q2,155 million (approximately $276.5 million) with terms ranging from three to seven years,
and with an effective interest rate of 5.97%.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #42C4DD; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>11.</B></TD><TD STYLE="text-align: justify"><B>DIVIDENDS</B></TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">The ability of the
Combined Group to make dividend payments is subject to, among other things, the terms of indebtedness, legal restrictions and the ability
to repatriate funds. During 2021, the entities of the Combined Group had declared dividends related to 2020 retained profits of $366 million
(2020: $362 million).</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 95%; border-collapse: collapse; margin-left: 28.35pt">
  <TR STYLE="background-color: #42C4DD">
    <TD STYLE="padding-right: 3pt; width: 68%; border: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>US$ &lsquo;000 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 16%; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>2021</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 16%; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>2020</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Dividends offset with accounts receivable from related parties</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">322,695 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">322,381 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Payment of dividends</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">25,124 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">21,718 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Income tax withheld on dividends paid</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">18,276 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">18,061 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Exchange rate movement</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">7 </FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">338 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>Total</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>366,102&nbsp;</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>362,497&nbsp;</B></FONT></TD></TR>
  </TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #42C4DD; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>12.</B></TD><TD STYLE="text-align: justify"><B>COMMITMENTS AND CONTINGENCIES</B></TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><B><I>Litigation and
legal risks</I></B></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">The Tigo Guatemala
are contingently liable with respect to lawsuits and other matters that arise in the normal course of business. As of September 30, 2021
and December 31, 2020, an amount of $51 thousands has been accrued for these claims in the combined statements of financial position.
Management is of the opinion that while it is impossible to ascertain the ultimate legal and financial liability with respect to these
claims, the ultimate outcome of these contingencies is not anticipated to have a material effect on the Combined Group&rsquo;s financial
position and operations.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>


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<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Tigo Guatemala Companies &ndash; Unaudited Interim
Condensed Combined Financial Statements </B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D"><B>For the nine-month period ended September 30, 2021
and 2020</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 3pt; margin-bottom: 3pt; width: 100%"><DIV STYLE="border-top: Black 1pt solid; font-size: 1pt">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D"></P>

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


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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #42C4DD; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>12.</B></TD><TD STYLE="text-align: justify"><B>COMMITMENTS AND CONTINGENCIES (Continued)</B></TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><B><I>Tax claims</I></B></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">As of September 30,
2021, Navega.Com, S.A. is disputing through an administrative process an adjustment made by the Tax Authorities in regards with the goodwill
amortization of approximately $22.9 million related with business combinations completed in 2011 with an effective date on January 1,
2012. Even though the administrative process has been initiated at the Supreme Court, the Tax Authorities have requested that the attorney
general&rsquo;s office investigate this matter through a criminal prosecution. The criminal court dismissed the criminal prosecution.
Although this resolution could be appealed by the tax authorities, due to the favourable resolution from the criminal court and the Company&rsquo;s
current assessment of the case, no provision has been deemed necessary at September 30, 2021.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">In 2007 the tax authorities
made an adjustment regarding the stamp tax on dividend distributions made by Comunicaciones Celulares S. A, to its shareholders in that
year. The tax position resulting from the adjustment has been resolved in different ways by the courts, sometimes in favor of the tax
payers but in recent years in favor of the tax authorities. Taking in consideration the latest jurisprudence, management decided to recognize
in June 2020 a provision for $7.3 million. Such provision includes the total adjustment plus a portion of fines and interest and represents
management&rsquo;s best estimate of the outcome. This case is in the judicial phase at the Guatemalan Supreme Court.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><B><I>Capital commitments</I></B></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">As of September 30,
2021, the Combined Group had fixed commitments to purchase network equipment, land and buildings and other fixed assets for $75 million
(2020: $93 million), from various suppliers.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #42C4DD; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>13.</B></TD><TD STYLE="text-align: justify"><B>FINANCIAL INSTRUMENTS</B></TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">The fair value of the
Combined Group&rsquo;s financial instruments is included at the amount at which the instrument could be exchanged in a current transaction
between willing parties, other than in a forced or liquidation sale.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt"><B><I>Fair value measurement hierarchy</I></B></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">IFRS 7 requires for
financial instruments that are measured in the statement of financial position at fair value, the disclosure of fair value measurements
by level of the following fair value measurement hierarchy:</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 14.2pt">&bull;</TD><TD STYLE="text-align: justify">Level&nbsp;1 - Quoted prices (unadjusted) in active markets for identical assets or liabilities.</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="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 14.2pt">&bull;</TD><TD STYLE="text-align: justify">Level&nbsp;2 - Inputs other than quoted prices included within level&nbsp;1 that are observable for the
asset or liability, either directly (that is, as prices) or indirectly (that is, derived from prices).</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="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 14.2pt">&bull;</TD><TD STYLE="text-align: justify">Level&nbsp;3 - Inputs for the asset or liability that are not based on observable market data (that is,
unobservable inputs).</TD></TR></TABLE>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">The fair value of all
financial assets and all financial liabilities except debt and financing, approximate their carrying value largely due to the short-term
maturities of these instruments. For further details on fair value of debt and financing. The fair value of the bonds has been determined
based on their market price (level 1).</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Tigo Guatemala Companies &ndash; Unaudited Interim
Condensed Combined Financial Statements </B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D"><B>For the nine-month period ended September 30, 2021
and 2020</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 3pt; margin-bottom: 3pt; width: 100%"><DIV STYLE="border-top: Black 1pt solid; font-size: 1pt">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D"></P>

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

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


<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #42C4DD; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: 28.35pt; text-align: left"><B>13.</B></TD><TD><B>FINANCIAL INSTRUMENTS (Continued)</B></TD>
</TR></TABLE>

<P STYLE="color: #42C4DD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Other than the items
disclosed below, the fair values of financial assets and financial liabilities approximate their carrying values as of September 30, 2021
and December 31, 2020:</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 95%; border-collapse: collapse; margin-left: 28.35pt">
  <TR STYLE="background-color: #42C4DD">
    <TD STYLE="padding-right: 3pt; vertical-align: bottom; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 3pt; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>Carrying Value</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 3pt; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>Fair Value</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #42C4DD">
    <TD STYLE="padding-right: 3pt; width: 38%; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>US$ &lsquo;000</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 16%; border-bottom: #002060 1pt solid; border-right: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>September 30, 2021<BR>
(unaudited)</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 16%; border-bottom: #002060 1pt solid; border-right: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>December 31, 2020<BR>
(audited)</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 14%; border-bottom: #002060 1pt solid; border-right: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>September 30, 2021<BR>
(unaudited)</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; width: 16%; border-bottom: #002060 1pt solid; border-right: #002060 1pt solid; text-align: center; color: #00245D; padding-left: 3pt"><FONT STYLE="color: white"><B>December 31, 2020<BR>
(audited)</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D"><B>FINANCIAL LIABILITIES</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; color: #00245D; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; border-left: #002060 1pt solid; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">Other debt and financing&hellip;</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">416,621</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">413,404</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">416,280</FONT></TD>
    <TD STYLE="padding-right: 3pt; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: right; color: #00245D; padding-left: 3pt"><FONT STYLE="color: #00245D">413,404</FONT></TD></TR>
  </TABLE>
<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #00245D; margin: 0pt 0 0pt 28.35pt; text-align: justify">There was no transfer
between Level 1 and Level 2 fair value measurements during the period, and no transfer into or out of Level 3 fair value measurements
during the nine months ended 30 September 2021.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #42C4DD; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>14.</B></TD><TD STYLE="text-align: justify"><B>SUBSEQUENT EVENT</B></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 0pt 29.25pt; color: #00245D; text-align: justify; text-indent: -0.9pt"><FONT STYLE="font-weight: normal">On
November 12, 2021, Millicom acquired the remaining 45% equity interest in its joint venture business in Guatemala (collectively, &ldquo;Tigo
Guatemala&rdquo;) from Miffin for $2.2 billion in cash. As a result, Millicom owns 100% equity interest in Tigo Guatemala since that date.
</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 29.25pt; color: #00245D; text-align: justify; text-indent: -0.9pt">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify; text-indent: 0pt">On
November 1, 2021, the Company experienced a Security Incident related to Ransomware which mostly affected its back-office functions, but
not the regular service of the Company to its customers nor the financial accounting systems. The incident is still under investigation;
however, the Company does not believe it has had or will have a significant impact on its operations or its financial statements.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">On December 10, 2021,
the Combined Group acquired new local bank loans for Q1,450 million ($187.6 million using the December 10, 2021 GTQ/USD exchange rate
of 7.73) with term ranging from four to five years and with an effective interest rate of 6%.</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">****</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

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


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B> Item 3</B></P>

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

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

<P STYLE="font: 28pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D">&nbsp;</P>

<P STYLE="font: 28pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D">&nbsp;</P>

<P STYLE="font: 28pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D">&nbsp;</P>

<P STYLE="font: 28pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D"><B>Millicom International Cellular S.A. </B></P>

<P STYLE="font: 28pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D"></P>

<P STYLE="font: 28pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D"><B>Unaudited Pro Forma Condensed Combined Statement
of Income &nbsp;</B></P>

<P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D"><B>For the year ended December 31, 2021 </B></P>

<P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D">&nbsp;</P>

<P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D">&nbsp;</P>

<P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D">March 1, 2022</P>

<P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D">&nbsp;</P>

<P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D">&nbsp;</P>

<P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D">&nbsp;</P>

<P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D">&nbsp;</P>

<P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D">&nbsp;</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D"><B>Millicom International Cellular S.A. &ndash; Unaudited Pro Forma Condensed Combined Statement of Income</B></P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D; border-bottom: Black 0.5pt solid"><B>For the year ended December 31, 2021</B></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #42C4DD"><B>INTRODUCTION</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #42C4DD">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white; color: #00245D">On November 12, 2021, Millicom
announced that it had closed the previously-announced agreement to acquire the remaining 45% equity interest it did not already own in
its joint venture business in Guatemala, which includes ten entities that comprise our operations in Guatemala, including Comunicaciones
Celulares, S.A., Comunicaciones Corporativas, S.A., Servicios especializados en Telecomunicaciones, S.A., Distribuidora de Comunicaciones
de Occidente, S.A., Distribuidora Central de Comunicaciones, S.A., Distribuidora de Comunicaciones de Oriente, S.A., Distribuidora Internacional
de Comunicaciones, S.A., Servicios Innovadores de Comunicaci&oacute;n y Entretenimiento, S.A., Navega.com, S.A. and Cloud2Nube, S.A. (collectively,
&quot;Tigo Guatemala&quot;) from its local partner for $2.2&nbsp;billion in cash. Prior to the acquisition, Millicom accounted for Tigo
Guatemala using the equity method. The following unaudited pro forma condensed combined financial information is based on Millicom&rsquo;s
historical consolidated financial statements and Tigo Guatemala&rsquo;s historical combined financial statements as adjusted to give effect
to the November 12, 2021 acquisition of the remaining 45% equity interest in Tigo Guatemala. The unaudited pro forma condensed combined
statement of income for the year ended December 31, 2021 give effect to the acquisition as if it had occurred on January 1, 2021. Because
Tigo Guatemala&rsquo;s statement of financial position is consolidated with Millicom&rsquo;s from the acquisition date, a pro forma statement
of financial position has not been presented.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white; color: #00245D">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white; color: #00245D">The transaction accounting
adjustments for the acquisition consist of those necessary to account for the acquisition as if it had occurred on January 1, 2021. Millicom
also entered into a Bridge Loan Agreement for $2.15 billion (the Bridge Loan) with a consortium of banks, which was used to fund the acquisition.
The Bridge Loan bears a variable interest rate with a step up every three months and has a maturity period of six months, extendable for
an additional six months. The initial costs of issuance amounted to $28 million. The adjustments related to the issuance of the Bridge
Loan are shown in a separate column as &ldquo;other transaction accounting adjustments.&rdquo;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white; color: #00245D">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white; color: #00245D"><B><I>Basis of Presentation</I></B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white; color: #00245D">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D">The acquisition is being accounted for using the acquisition
method of accounting in accordance with IFRS 3. The IFRS 3 acquisition method of accounting applies the fair value concepts defined in
IFRS 13 -&nbsp;<I>Fair Value Measurement</I>&nbsp;(&ldquo;IFRS 13&rdquo;) and requires, among other things, most of the assets acquired
and the liabilities assumed in a business combination to be recognized by the acquirer at their fair values as of the acquisition date.
Any excess of the consideration transferred over the fair value of Tigo Guatemala&rsquo;s assets acquired and liabilities assumed is recorded
as goodwill. The earnings of the combined group will reflect the impacts of purchase accounting adjustments, including any changes in
amortization and depreciation expense for acquired assets.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D">Fair value is defined in IFRS 13 as the price that would
be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement
date. It is possible the application of reasonable judgment could develop different assumptions resulting in a range of alternative estimates
using the same facts and circumstances. The purchase accounting adjustments have not yet been completed. Millicom is currently determining
the fair value of Tigo Guatemala&rsquo;s identifiable assets and liabilities, however, this purchase accounting is still provisional as
of the date hereof, particularly in respect of the evaluation of the tangible, intangible assets, right of use assets and lease liabilities.
For the purpose of the valuation of the intangible assets (excluding goodwill), the provisional values are based on the current carrying
values of tangible and intangible assets that were identified in 2016, at the time of Millicom&rsquo;s deconsolidation of Tigo Guatemala
and the commencement of the accounting for Tigo Guatemala under the equity method.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D">The completion of the purchase accounting adjustments,
in which Tigo Guatemala&rsquo;s assets acquired and liabilities assumed will be recognized at their respective fair values, with certain
limited exceptions, will be finalized in the one year measurement period provided for by IFRS 3 and could result in significantly different
valuations as well as differences in amortization, depreciation and other expenses, compared to those presented in the unaudited pro forma
condensed combined financial information.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D">&nbsp;</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D"><B>Millicom International Cellular S.A. &ndash; Unaudited Pro Forma Condensed Combined Statement of Income</B></P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D; border-bottom: Black 0.5pt solid"><B>For the year ended December 31, 2021</B></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D">The unaudited pro forma condensed combined financial
information presented is derived from (i) the audited consolidated statement of income of Millicom for the year ended December 31, 2021
included in its Form 20-F filed with the Securities and Exchange Commission (SEC) on March 1, 2022 and (ii) Tigo Guatemala&rsquo;s unaudited
condensed combined statement of income for the period from January 1, 2021 to November 12, 2021, the acquisition date.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D">The historical consolidated financial statements of
Millicom and the historical combined financial statements of Tigo Guatemala are prepared in accordance with International Financial Reporting
Standards (&ldquo;IFRS&rdquo;) as issued by the International Accounting Standards Board (&ldquo;IASB&rdquo;) and in accordance with IFRS
as adopted by the European Union. There are no differences between IFRS as issued by the IASB and IFRS as adopted by the European Union
with respect to these consolidated financial statements.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D">The unaudited pro forma condensed combined financial
information presented should be read in conjunction with the historical 2021 consolidated financial statements of Millicom as included
in its Form 20-F, and the unaudited interim condensed combined financial statements as of and for the nine months ended September 30,
2021 and the audited combined financial statements of Tigo Guatemala for the year ended December 31, 2020, the accompanying notes thereto
and the other information contained in this Form 6-K.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D">The unaudited pro forma condensed combined financial
information is prepared in accordance with Article 11 of SEC Regulation S-X.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white; color: #00245D">The unaudited pro forma condensed
combined financial information is presented for illustrative purposes only and should not be considered to be an indication of the results
of operations or financial position of the combined company following the acquisition. Further, unaudited pro forma condensed combined
financial information does not necessarily reflect what the combined company&rsquo;s financial condition or results of operations would
have been had the acquisition and the related financing occurred on the dates indicated. It also may not be useful in predicting the future
financial condition and results of operations of the combined company. Our actual financial condition and results of operations may differ
significantly from the pro forma amounts reflected herein due to a variety of factors. The unaudited pro forma condensed combined financial
information is based upon available information and certain assumptions that management believes are reasonable.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white; color: #00245D">&nbsp;</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D"><B>Millicom International Cellular S.A. &ndash; Unaudited Pro Forma Condensed Combined Statement of Income</B></P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D; border-bottom: Black 0.5pt solid"><B>For the year ended December 31, 2021</B></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #42C4DD"><B>Unaudited pro forma condensed combined statement
of income for the year ended December 31, 2021</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #42C4DD">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #42C4DD">
    <TD ROWSPAN="2" STYLE="border: #002060 1pt solid">
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: white"><B>US$ in millions</B></P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: white">&nbsp;</P></TD>
    <TD ROWSPAN="2" STYLE="text-align: center; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; vertical-align: bottom">
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: white"><B>Millicom Group for the year
ended December 31, 2021</B></P></TD>
    <TD ROWSPAN="2" STYLE="text-align: center; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; vertical-align: bottom">
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: white"><B>Tigo Guatemala for the period
from January 1, 2021 to November 12, 2021</B></P></TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-top: #001F60 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; vertical-align: bottom">
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: white"><B>Transaction Accounting Adjustments</B></P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: white"><B>(Note 2)</B></P></TD>
    <TD ROWSPAN="2" STYLE="text-align: center; border-top: #001F60 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; vertical-align: bottom">
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: white"><B>Other Transaction Accounting
Adjustments (#3)</B></P></TD>
    <TD ROWSPAN="2" STYLE="text-align: center; border-top: #002060 1pt solid; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; vertical-align: bottom">
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: white"><B>Pro Forma Statement of Income</B></P></TD></TR>
  <TR STYLE="background-color: #42C4DD">
    <TD STYLE="border-bottom: #002060 1pt solid; border-right: #002060 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Impact of Equity Method Accounting Adjustment (#1)</B></FONT></TD>
    <TD STYLE="border-bottom: #002060 1pt solid; border-right: #002060 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Impact of Adjustment for Purchase Price Accounting (#2)</B></FONT></TD></TR>
  <TR>
    <TD STYLE="width: 38%; border-left: #002060 1pt solid; border-right: #002060 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D"><B>Revenue</B></FONT></TD>
    <TD STYLE="width: 10%; border-right: #002060 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D"><B>4,617 </B></FONT></TD>
    <TD STYLE="width: 10%; border-right: #002060 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D"><B>1,373 </B></FONT></TD>
    <TD STYLE="width: 10%; border-right: #002060 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="width: 11%; border-right: #002060 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="width: 11%; border-right: #002060 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="width: 10%; border-right: #002060 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D"><B>5,990</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: #002060 1pt solid; border-right: #002060 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">Cost of sales</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">(1,302)</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">(300) </FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">(1,601)</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: #002060 1pt solid; border-right: #002060 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D"><B>Gross profit</B></FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D"><B>3,316 </B></FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D"><B>1,073 </B></FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D"><B>4,389</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: #002060 1pt solid; border-right: #002060 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">Operating expenses</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">(1,677) </FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">(327) </FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">(2,004)</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: #002060 1pt solid; border-right: #002060 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">Depreciation &amp; Amortization</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">(1,196) </FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">(192) </FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">(77)</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">(1,465)</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: #002060 1pt solid; border-right: #002060 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">Share of net profit in Guatemala and Honduras</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">210 </FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">(183) </FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">27</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: #002060 1pt solid; border-right: #002060 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">Other operating income (expenses), net</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">6</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">(1)</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">5</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: #002060 1pt solid; border-right: #002060 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D"><B>Operating profit</B></FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D"><B>659 </B></FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D"><B>554 </B></FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D"><B>(183) </B></FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D"><B>(77)</B></FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D"><B>952</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: #002060 1pt solid; border-right: #002060 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">Interest expense</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">(531)</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">(45)</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">(65)</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">(641)</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: #002060 1pt solid; border-right: #002060 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">Interest income</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">23</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">4</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">28</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: #002060 1pt solid; border-right: #002060 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">Revaluation of previously held interests</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">670</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">670</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: #002060 1pt solid; border-right: #002060 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">Other non-operating income (expenses), net</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">(50)</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">(50)</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: #002060 1pt solid; border-right: #002060 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">Gains (losses) from other JVs and associates, net</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">(39)</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">(39)</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: #002060 1pt solid; border-right: #002060 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D"><B>Profit (loss) before tax</B></FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D"><B>732</B></FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D"><B>513</B></FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D"><B>(183)</B></FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D"><B>(77)</B></FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D"><B>(65)</B></FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D"><B>919</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: #002060 1pt solid; border-right: #002060 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">Net tax credit (charge)</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">(189)</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">(98)</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">(287)</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: #002060 1pt solid; border-right: #002060 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D"><B>Profit (loss) for the period from continuing operations</B></FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D"><B>543</B></FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D"><B>415</B></FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D"><B>(183)</B></FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D"><B>(77)</B></FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D"><B>(65)</B></FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D"><B>633</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: #002060 1pt solid; border-right: #002060 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">Non-controlling interests</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">48</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">48</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: #002060 1pt solid; border-right: #002060 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">Profit (loss) from discontinued operations</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&mdash;</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: #002060 1pt solid; border-right: #002060 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D"><B>Net profit (loss) for the period</B></FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D"><B>591</B></FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D"><B>415</B></FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D"><B>(183)</B></FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D"><B>(77)</B></FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D"><B>(65)</B></FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D"><B>681</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: #002060 1pt solid; border-right: #002060 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D"><B>Attributable to:</B></FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="border-left: #002060 1pt solid; border-right: #002060 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">Owners of the Company</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">591</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">681</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: #002060 1pt solid; border-right: #002060 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">Non-controlling interests</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">(48)</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">(48)</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: #002060 1pt solid; border-right: #002060 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D"><B>Earnings (loss) per common share for profit (loss) attributable to the owners of the Company:</B></FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="border-left: #002060 1pt solid; border-right: #002060 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">Basic and diluted (US$ per common share)</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="border-left: #002060 1pt solid; border-right: #002060 1pt solid; text-indent: 12.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">From continuing operations</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">5.84</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">6.73</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: #002060 1pt solid; border-right: #002060 1pt solid; text-indent: 12.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">From discontinued operations</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">(0.00)</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">(0.00)</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: #002060 1pt solid; border-right: #002060 1pt solid; text-indent: 12.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">Total</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">5.84</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="border-right: #002060 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">6.73</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; border-left: #002060 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">Weighted average number of ordinary shares (excluding treasury shares) for basic earnings (loss) per share</FONT></TD>
    <TD STYLE="border-bottom: #002060 1pt solid; border-right: #002060 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">101,129</FONT></TD>
    <TD STYLE="border-bottom: #002060 1pt solid; border-right: #002060 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="border-bottom: #002060 1pt solid; border-right: #002060 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="border-bottom: #002060 1pt solid; border-right: #002060 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="border-bottom: #002060 1pt solid; border-right: #002060 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="border-bottom: #002060 1pt solid; border-right: #002060 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">101,129</FONT></TD></TR>
  </TABLE>



<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #42C4DD"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D"></P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D"><B>Millicom International Cellular S.A. &ndash; Unaudited Pro Forma Condensed Combined Statement of Income</B></P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D; border-bottom: Black 0.5pt solid"><B>For the year ended December 31, 2021</B></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #42C4DD"><B>Notes to the unaudited pro forma condensed combined
statement of income for the year ended December 31, 2021</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #42C4DD">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #42C4DD"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 27pt"><B>1.</B></TD><TD><B>PRELIMINARY PURCHASE ACCOUNTING</B></TD></TR></TABLE>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: #00245D">Millicom is currently determining the fair
value of Tigo Guatemala identifiable assets and liabilities, however, this purchase accounting is still provisional as of the date hereof.
For the purpose of the valuation of intangible assets (excluding goodwill), the provisional numbers are based on the current carrying
values of tangible and intangible assets identified in 2016, at the time of Millicom&rsquo;s deconsolidation of Tigo Guatemala and the
commencement of the accounting for the investment under the equity method. The following table summarizes the preliminary allocation of
the $2.2 billion purchase price as of November 12, 2021, the transaction&rsquo;s closing date (in millions):</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: #00245D">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 95%; border-collapse: collapse; margin-left: 28.35pt">
  <TR STYLE="background-color: #42C4DD">
    <TD STYLE="border: #002060 1pt solid; width: 80%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>At acquisition date &ndash; November 12, 2021</B></FONT></TD>
    <TD STYLE="border-top: #002060 1pt solid; width: 20%; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Provisional Fair Values (100%) (US$ in millions)</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">Intangible
assets (excluding goodwill)</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">1,294</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">Property,
plant and equipment</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">547 </FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">Right
of use assets</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">189 </FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">Other
non-current assets</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">5</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">Current
assets (excluding cash)</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">245</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">Trade
receivables</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">42</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">Cash
and cash equivalents</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">199</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D"><B>Total
assets acquired</B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D"><B>2,521</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">Lease
liabilities</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">205</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">Other
debt and financing</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">417</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">Other
liabilities</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">280</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D"><B>Total
liabilities assumed</B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D"><B>901</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D"><B>Fair
value of assets acquired and liabilities, assumed, net &ndash; A</B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D"><B>1,620</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">Purchase
consideration (45%) &ndash; B</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">2,195</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">Implied
fair value (100% of business) &ndash; C</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">4,877</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">Carrying value of our investment in joint venture at acquisition date &ndash; D</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">2,013</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D"><B>Goodwill
arising on change of control &ndash; B+D&ndash;A=E</B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D"><B>2,588</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">Revaluation
of previously held interests &ndash; C&ndash;B&ndash;D=F</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">670</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; border-left: #00245D 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D"><B>Total
provisional goodwill &ndash; E+F=G</B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D"><B>3,258</B></FONT></TD></TR>
  </TABLE>

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

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D"><B>Millicom International Cellular S.A. &ndash; Unaudited Pro Forma Condensed Combined Statement of Income</B></P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D; border-bottom: Black 0.5pt solid"><B>For the year ended December 31, 2021</B></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: #00245D"><FONT STYLE="background-color: white">This
preliminary purchase price allocation has been used to prepare the transaction accounting adjustments in the unaudited pro forma condensed
combined statement of income. The final purchase price allocation will be determined when Millicom has completed the detailed valuations
and necessary calculations as described in more detail in the explanatory notes below. The final allocation is expected to be completed
within the one year measurement period and could differ materially from the preliminary allocation used in the transaction accounting
adjustments. The final allocation may include changes based on new information with respect to (1) fair values of property, plant and
equipment; (2)&nbsp; allocations to intangible assets, such as brands and trademarks, customer relationships and spectrum licenses, as
well as goodwill; and (3) other changes to assets and liabilities.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: #00245D">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: #00245D">The acquisition has been determined as a business
combination achieved in stages, requiring Millicom to remeasure its 55% previously held equity investment in Tigo Guatemala at its acquisition
date fair value ($2,683 million); the resulting gain of $670 million has been recognized in Millicom&rsquo;s statement of income under
the line &quot;Revaluation of previously held interests&quot;. This revaluation is of a non-recurring nature.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: #00245D">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #42C4DD"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 27pt"><B>2.</B></TD><TD><B>TRANSACTION ACCOUNTING ADJUSTMENTS</B></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #00245D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 27pt"></TD><TD STYLE="width: 18pt">1)</TD><TD>This adjustment eliminates Millicom&rsquo;s equity method share of net profit in Tigo Guatemala for the period from January 1, 2021
to November 12, 2021.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #00245D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 27pt"></TD><TD STYLE="width: 18pt">2)</TD><TD>As of the date hereof, the preliminary purchase price allocation is in the process of being completed. As a result, for the purpose
of the valuation of the tangible and intangible assets (excluding goodwill), the provisional numbers are based on the current carrying
values of intangible assets and tangible assets identified in 2016, at the time of the deconsolidation of Tigo Guatemala and the commencement
of the accounting for Tigo Guatemala under the equity method. The following table shows, as of the date of the deconsolidation, the fair
values of Tigo Guatemala&rsquo;s assigned to them in connection with the deconsolidation and the subsequent aggregate depreciation and
amortization of such assets through the year ended December 31, 2021:</TD></TR></TABLE>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 95%; border-collapse: collapse; margin-left: 28.35pt">
  <TR STYLE="background-color: #42C4DD">
    <TD STYLE="border: #002060 1pt solid; width: 30%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>US$ in millions</B></FONT></TD>
    <TD STYLE="border-top: #002060 1pt solid; width: 7%; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid">
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: white"><B>Initial Fair Value</B></P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: white">&nbsp;</P></TD>
    <TD STYLE="border-top: #002060 1pt solid; width: 10%; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid">
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: white"><B>Initial Estimated Useful Life in
    Years</B></P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: white">&nbsp;</P></TD>
    <TD STYLE="border-top: #002060 1pt solid; width: 10%; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid">
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: white"><B>Carrying Value as of December 31,
    2021 (iii)</B></P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: white">&nbsp;</P></TD>
    <TD STYLE="border-top: #002060 1pt solid; width: 12%; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid">
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: white"><B>Annual 2021 Depreciation &amp;
    Amortization Expense</B></P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: white">&nbsp;</P></TD>
    <TD STYLE="border-top: #002060 1pt solid; width: 20%; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid">
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: white"><B>Depreciation &amp; Amortization
    Expense Already Recorded in the Millicom Group Statement of Income (i)</B></P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: white">&nbsp;</P></TD>
    <TD STYLE="border-top: #002060 1pt solid; width: 11%; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Incremental Amortization Expense</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">Brand</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">848</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">na (ii)</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">848</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">&mdash;</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">Customer
lists</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">516 </FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">7 to 9 </FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">69 </FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">69 </FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">9 </FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">60 </FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">Licenses</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">315 </FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">17 </FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">167 </FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">15 </FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">2 </FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">13 </FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">Other
tangible and intangible assets</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">26</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">8 to 10</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">5</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">3</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">0</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">3</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; border-left: #00245D 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D"><B>Total</B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D"><B>1,705</B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">&mdash;</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D"><B>1,089</B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D"><B>88</B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D"><B>11</B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D"><B>77</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 Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #00245D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 27pt"></TD><TD STYLE="width: 18pt"><I>(i)</I></TD><TD><I>For the period from November 12, 2021 to December 31, 2021.</I></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #00245D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 27pt"></TD><TD STYLE="width: 18pt"><I>(ii)</I></TD><TD><I>Management concluded that the Tigo Guatemala brand has an indefinite useful life and currently expect that this will be the conclusion
upon completion of the purchase price allocation.</I></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #00245D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 27pt"></TD><TD STYLE="width: 18pt"><I>(iii)</I></TD><TD><I>The $1,084 million carrying value of intangible assets and the $5 million carrying value of tangible assets shown in the table
above are included within the $1,294 million of intangible assets and the $547 million of tangible assets which were consolidated on November
12, 2021 and which are shown under Note 1 above in the preliminary purchase price allocation table.</I></TD></TR></TABLE>

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


<!-- Field: Page; Sequence: 76 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D"><B>Millicom International Cellular S.A. &ndash; Unaudited Pro Forma Condensed Combined Statement of Income</B></P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #00245D; border-bottom: Black 0.5pt solid"><B>For the year ended December 31, 2021</B></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: #00245D">The preliminary estimates of fair value and
useful lives will likely differ from final amounts Millicom will calculate after completing a detailed valuation analysis, and the differences
could have a material effect on the accompanying unaudited pro forma condensed combined financial information. Had Millicom recorded the
initial 2016 valuation of the intangible and tangible assets identified at the time of its deconsolidation of Tigo Guatemala, without
reflecting accumulated depreciation and amortization, goodwill would have been reduced by $616 million and intangible and tangible assets
would have been increased by the same amount.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: #00245D">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: #00245D">An additional 10% change in the valuation of
intangible and tangible assets in this table would cause annual amortization and depreciation expense to increase by approximately $7
million, assuming an overall weighted average useful life of 11.3 years, also assuming that the brand will continue to be classified as
an indefinite life intangible asset. The incremental amortization expense and these fair value adjustments are not expected to have a
tax effect as a result of the tax regime followed by the main Tigo Guatemala entities to which the intangible assets relate.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: #00245D">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: #00245D">Management does not expect material fair value
adjustments on other types of assets besides those already disclosed above.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: #00245D">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #00245D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 27pt"></TD><TD STYLE="width: 18pt">3)</TD><TD>Millicom obtained short-term bridge financing of $2.15 billion (the &ldquo;Bridge Loan&rdquo;), with debt issuance costs of $28 million,
just before the acquisition closing date of November 12, 2021. The Bridge Loan bears a variable interest rate with a step up every three
months and has a maturity period of 6 months, extendable by Millicom in its discretion for an additional 6 months.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 45pt; text-indent: 0pt; color: #00245D">The
adjustment to record interest expense assumes the Bridge Loan was obtained on January 1, 2021 and was outstanding for the entire year
ended December 31, 2021. The average interest rate assumed for purposes of preparing this pro forma financial information is 2.41%. This
rate factors in the one-month LIBOR of 0.16% on November 12, 2021 plus the various margins specified in the Bridge Loan agreement. Further,
the adjustment assumes that the debt issuance costs will be fully amortized in the year ended December 31, 2021 given the maturity period
of the Bridge Loan.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 45pt; text-indent: -40.5pt; color: #00245D">The following adjustments
have been recorded as incremental Interest Expense:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 45pt; text-indent: -40.5pt; color: #00245D">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 95%; border-collapse: collapse; margin-left: 28.35pt">
  <TR STYLE="background-color: #42C4DD">
    <TD STYLE="border: #002060 1pt solid; width: 49%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>US$ in millions</B></FONT></TD>
    <TD STYLE="border-top: #002060 1pt solid; width: 16%; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid">
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: white"><B>For the year ended December 31,
    2021</B></P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: white">&nbsp;</P></TD>
    <TD STYLE="border-top: #002060 1pt solid; width: 20%; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid">
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: white"><B>Interest Expense Already Recorded
    in the Millicom Group&rsquo;s Statement of Income (i)</B></P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: white">&nbsp;</P></TD>
    <TD STYLE="border-top: #002060 1pt solid; width: 15%; border-right: #002060 1pt solid; border-bottom: #002060 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Incremental Interest Expense</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">Estimated
interest expense on Bridge Loan facility</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">52</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">5</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">47</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">Amortization
of debt issuance costs associated with Bridge Loan facility</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">28 </FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">11 </FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D">18 </FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; border-left: #00245D 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D"><B>Other transaction accounting adjustments to interest expense</B>&hellip;&hellip;&hellip;..</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D"><B>81</B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D"><B>15</B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #00245D"><B>65</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 Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #00245D"><TR STYLE="vertical-align: top">
<TD STYLE="width: 27pt"></TD><TD STYLE="width: 18pt"><I>(i)</I></TD><TD><I>For the period from November 12, 2021 to December 31, 2021.</I></TD></TR></TABLE>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 45pt; text-indent: 0pt; color: #00245D">A 1/8 of a percentage point
increase or decrease in the benchmark rate would result in a change in interest expense of approximately $2.7 million for the year ended
December 31, 2021.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 45pt; text-indent: 0pt; color: #00245D"></P>

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


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B> Item 4</B></P>

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

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

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">Consent of Independent Auditors</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><FONT STYLE="font-size: 10pt">We consent to
the incorporation by reference in the Registration Statement (Form S-8 No. 333-234307) pertaining to the Long-Term Incentive Performance
Share and Deferred Short-Term Incentive Share Programs of Millicom International Cellular S.A. of our report dated January 22, 2022,
relating to the combined financial statements of Tigo Guatemala Companies as of and for the years ended December 31, 2020 and 2019 appearing
in this Current Report on Form 6-K of Millicom International Cellular S.A.</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 40%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1pt solid; text-align: justify; font-size: 11pt"><FONT STYLE="font-size: 10pt">/s/&nbsp;<FONT STYLE="color: #333333">Ernst
    &amp; Young, S.A.</FONT></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify; font-size: 11pt"><FONT STYLE="font-size: 10pt; color: #333333">Guatemala City</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">March 1, 2022</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

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


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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<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 0pt 1in; text-align: left">(Registrant)</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&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>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">/s/ Salvador Escal&oacute;n</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 7%">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 7%"><FONT STYLE="font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="width: 38%"><FONT STYLE="font-size: 10pt">Salvador Escal&oacute;n</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Executive Vice President, General Counsel</FONT></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: March 1, 2022</P>

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

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

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

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

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

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

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

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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
