<SEC-DOCUMENT>0000950103-24-012339.txt : 20240816
<SEC-HEADER>0000950103-24-012339.hdr.sgml : 20240816
<ACCEPTANCE-DATETIME>20240816170044
ACCESSION NUMBER:		0000950103-24-012339
CONFORMED SUBMISSION TYPE:	SC 14D9/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20240816
DATE AS OF CHANGE:		20240816

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MILLICOM INTERNATIONAL CELLULAR SA
		CENTRAL INDEX KEY:			0000912958
		STANDARD INDUSTRIAL CLASSIFICATION:	RADIO TELEPHONE COMMUNICATIONS [4812]
		ORGANIZATION NAME:           	06 Technology
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 14D9/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-49833
		FILM NUMBER:		241217410

	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

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MILLICOM INTERNATIONAL CELLULAR SA
		CENTRAL INDEX KEY:			0000912958
		STANDARD INDUSTRIAL CLASSIFICATION:	RADIO TELEPHONE COMMUNICATIONS [4812]
		ORGANIZATION NAME:           	06 Technology
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 14D9/A

	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>SC 14D9/A
<SEQUENCE>1
<FILENAME>dp216801_sc14d9a.htm
<DESCRIPTION>FORM SC 14D9/A
<TEXT>
<HTML>
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<P STYLE="margin: 0">&nbsp;</P>

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

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington, D.C. 20549 </B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

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<P STYLE="font: 18pt 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>SCHEDULE 14D-9 </B></P>

<P STYLE="font: 18pt 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>SOLICITATION/RECOMMENDATION&nbsp;STATEMENT
</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNDER SECTION 14(d)(4)&nbsp;OF THE SECURITIES
EXCHANGE ACT OF 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Amendment No. 3)</B></P>

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

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<P STYLE="font: 24pt 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></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Name of Subject Company) </B></P>

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

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<P STYLE="font: 24pt 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></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Name of Person Filing Statement) </B></P>

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

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<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>Common Shares, par value $1.50 per share</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Title of Class of Securities) </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"><B>L6388F110</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(CUSIP Number of Class of Securities) </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"><B>Mauricio Ramos</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Millicom International Cellular S.A.</B></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Phone: +352 691 750960 / +1 908 463 8588</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Name, address, and telephone numbers of person
authorized to receive notices and communications<BR>
on behalf of the persons filing statement) </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"><B><I>With copies to: </I></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"><B>William H. Aaronson</B></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>450 Lexington Avenue</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>New York, New York 10017</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(212) 450-4000</B></P>

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

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 1%"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&uml;</FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 97%"><FONT STYLE="font-size: 10pt">Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer.</FONT></TD></TR>
  </TABLE>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>INTRODUCTION</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: justify">This Amendment No. 3 (this &ldquo;<U>Amendment</U>&rdquo;)
amends and supplements the Solicitation/Recommendation Statement filed under cover of Schedule 14D-9, as amended by Amendment No. 1 and
Amendment No. 2 thereto (together with the exhibits attached hereto and thereto, and&nbsp;as amended from time to time, the &ldquo;<U>Schedule
14D-9</U>&rdquo;), by Millicom International Cellular S.A., a public limited liability company (<I>soci&eacute;t&eacute; anonyme</I>)
organized and established under the laws of the Grand Duchy of Luxembourg (&ldquo;<U>Luxembourg</U>&rdquo;), having its registered office
at 2, Rue du Fort Bourbon, L-1249 Luxembourg, Luxembourg, with corporate registration number B40630 with the Luxembourg Trade and Companies
Registry (<I>R.C.S. Luxembourg</I>) (the &ldquo;<U>Company</U>&rdquo;), with the Securities and Exchange Commission (the &ldquo;<U>SEC</U>&rdquo;)
on July 15, 2024.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Except as otherwise set forth in this Amendment,
capitalized terms used but not otherwise defined herein have the meanings ascribed to such terms in the Schedule 14D-9.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On July 1, 2024, pursuant to a Tender Offer Statement
and Rule&nbsp;13e-3 Transaction Statement filed under cover of Schedule&nbsp;TO filed with the SEC (together with any amendments or supplements
thereto, including the amendments thereto filed by the Filing Parties with the SEC on July 18, 2024, August 5, 2024, August 12, 2024,
August 13, 2024 and August 15, 2024, the &ldquo;<U>Schedule&nbsp;TO</U>&rdquo;), Purchaser offered to purchase, through separate but concurrent
offers in Sweden (the &ldquo;<U>Swedish Offer</U>&rdquo;) and the United States (the &ldquo;<U>US Offer</U>&rdquo; and, together with
the Swedish Offer, the &ldquo;<U>Offers</U>&rdquo;), all of the issued and outstanding common shares (CUSIP L6388F110), par value $1.50
per share (each, a &ldquo;<U>Common Share</U>&rdquo; and, collectively, the &ldquo;<U>Common Shares</U>&rdquo;), including Swedish Depositary
Receipts (ISIN: SE0001174970) representing Common Shares (each of which represents one Common Share) (each, an &ldquo;<U>SDR</U>&rdquo;
and, collectively, the &ldquo;<U>SDRs</U>&rdquo; and, together with the Common Shares, the &ldquo;<U>Shares</U>&rdquo;), of the Company
that are not already owned by the Purchaser Group and its affiliates, for $24.00 per Common Share and $24.00 per SDR (each such amount,
as adjusted for certain dividends pursuant to the terms set forth in the Offers, and with respect to the Swedish Offer, as converted into
SEK based on a USD/SEK exchange rate as close to the settlement date of the Swedish Offer as Purchaser is able to achieve, the &ldquo;<U>Original
Offer Price</U>&rdquo;), upon the terms and subject to the conditions set forth in the Offer to Purchase and the Transmittal Documents.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On August 2, 2024, Purchaser revised the Offers
to increase the Original Offer Price to $25.75 per Common Share and $25.75 per SDR (each such amount, without interest and less any withholding
taxes that may be applicable, and as adjusted for certain dividends pursuant to the terms set forth in the Offers, and with respect to
the Swedish Offer, as converted into SEK based on a USD/SEK exchange rate as close to the settlement date of the Swedish Offer as Purchaser
is able to achieve, the &ldquo;<U>Revised Offer Price</U>&rdquo;).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On August 14, 2024, Purchaser revised the
Offers to waive certain conditions to completion of the Offers (including the Minimum Tender Condition) and to extend the Offer
Period until one minute after 10:59 a.m. EST, or one minute after 4:59 p.m. CEST, on August 22, 2024.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Schedule 14D-9 (including this Amendment)
relates to the Offers, as revised by Purchaser through August 15, 2024.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">For all purposes of the Schedule 14D-9, references
to the &ldquo;Swedish Offer,&rdquo; the &ldquo;US Offer&rdquo; and the &ldquo;Offers&rdquo; are to the Offers, as revised by Purchaser
through August 15, 2024.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">References in this Amendment to the Company&rsquo;s
&ldquo;shareholders&rdquo; include both holders of Common Shares and holders of SDRs unless otherwise specified.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Except as otherwise set forth in this Amendment,
the information set forth in the Schedule 14D-9 remains unchanged and is incorporated herein by reference as relevant to the items in
this Amendment.</P>

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


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>INTRODUCTION, ITEM 4</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">All references to the Minimum Tender
Condition and the &ldquo;95% minimum tender condition&rdquo; in the sections of the Schedule 14D-9 entitled
&ldquo;<I>Introduction</I>&rdquo; or &ldquo;<I>Item 4. The Solicitation or Recommendation&mdash;Background of the Offers</I>&rdquo;
are hereby amended, restated and supplemented, as applicable, to be immediately followed by the phrase &ldquo;(which Purchaser
waived on August 14, 2024)&rdquo;.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>ITEM&nbsp;2. IDENTITY AND BACKGROUND OF FILING PERSON</B></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; text-align: justify">The paragraph beginning &ldquo;The initial acceptance
period for the Offers (the &ldquo;<U>Offer Period</U>&rdquo;) commenced on July 1, 2024 and is scheduled to expire&hellip;&rdquo; in the
section of the Schedule 14D-9 entitled &ldquo;<I>Item 2. Identity and Background of Filing Person</I>&rdquo; is hereby amended, restated
and supplemented in its entirety as follows:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The acceptance period for the Offers
(the &ldquo;<U>Offer Period</U>&rdquo;) commenced on July 1, 2024, and, as revised by Purchaser on August 14, 2024, is scheduled to expire
at one minute after 10:59 a.m. EST, or one minute after 4:59 p.m. CEST, on August 22, 2024, unless the Offer Period is further extended
(the end of the Offer Period, as it may be extended, the &ldquo;<U>Expiration Time</U>&rdquo;). The Purchaser has reserved the right to
extend the Offer Period and to postpone the settlement date.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The paragraph beginning &ldquo;The US Offer and
the Swedish Offer are subject to the same conditions&hellip;&rdquo;, including the numbered items in that paragraph, and the two paragraphs
immediately following such paragraph and numbered items in the section of the Schedule 14D-9 entitled &ldquo;<I>Item 2. Identity and Background
of Filing Person</I>&rdquo; are hereby amended, restated and supplemented in their entirety as follows:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The US Offer and the Swedish Offer are
subject to the same conditions for consummation. According to the Schedule TO, the consummation of the Offers is subject to the following
five conditions precedent:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&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: 0.75in"></TD><TD STYLE="width: 0.25in">1.</TD><TD STYLE="text-align: justify">no other party announcing an offer to acquire Shares on terms that are more favorable to the Company&rsquo;s
shareholders than the Offers;</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: 0.75in"></TD><TD STYLE="width: 0.25in">2.</TD><TD STYLE="text-align: justify">neither the Offers nor the acquisition of the Company being rendered wholly or partially impossible or
significantly impeded as a result of legislation or other regulation, any decision of a court or public authority, or any similar circumstance;</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: 0.75in"></TD><TD STYLE="width: 0.25in">3.</TD><TD STYLE="text-align: justify">no circumstances having occurred which could have a material adverse effect or could reasonably be expected
to have a material adverse effect on the Company&rsquo;s financial position or operations, including the Company&rsquo;s sales, results,
liquidity, equity ratio, equity or assets;</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: 0.75in"></TD><TD STYLE="width: 0.25in">4.</TD><TD STYLE="text-align: justify">no information made public by the Company, or otherwise made available to Purchaser by the Company, being
inaccurate, incomplete or misleading, and the Company having made public all information which should have been made public; and</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: 0.75in"></TD><TD STYLE="width: 0.25in">5.</TD><TD STYLE="text-align: justify">the Company not taking any action that is likely to impair the prerequisites for making or completing
the Offers.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Purchaser has reserved the right to
withdraw the Offers in the event that it is clear that any of the above conditions are not satisfied or cannot be satisfied. However,
under the Takeover rules for Nasdaq Stockholm and Nordic Growth Market NGM (the &ldquo;<U>Swedish Takeover Rules</U>&rdquo;), with regard
to each of the conditions above, the Offers may only be withdrawn where the non-satisfaction of such condition is of material importance
to Purchaser&rsquo;s acquisition of the Company or if otherwise approved by the Swedish Securities Council. Pursuant to Amendment No.
1 to the Schedule TO, filed by the Filing Parties with the SEC on July 18, 2024 (&ldquo;<U>Amendment 1 to the Schedule TO</U>&rdquo;),
Purchaser has undertaken to act reasonably and in good faith in making any such materiality determination. Specifically with respect to
condition 1, Purchaser has stated that the determination of favorableness will be based exclusively on the financial terms, likelihood
of success of the alternative offer (including with respect to the satisfaction of any related conditions precedent) and whether the Board
(as defined below) has unanimously recommended in favor of the alternative offer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; 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="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Additionally, Purchaser has reserved
the right to waive, in whole or in part, one, several or all of the conditions to the consummation of the Offers set forth above.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">References in this Schedule 14D-9 to
the &ldquo;Minimum Tender Condition&rdquo; refer to a prior condition to completion of the Offers, waived by Purchaser on August 14, 2024,
of &ldquo;the Offers being accepted to such extent that Purchaser becomes the owner of Shares representing 95% or more of the Shares,
excluding 840,641 Shares held in treasury by the Company.&rdquo;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Additionally, completion of the Offers
was previously conditioned on receipt of all necessary regulatory, governmental or similar clearances, approvals, decisions and other
actions from authorities or similar, including from competition authorities, being obtained, in each case on terms which, in Purchaser&rsquo;s
opinion, are acceptable. Purchaser waived this condition on August 14, 2024.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>ITEM 4. THE SOLICITATION OR RECOMMENDATION</B></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; text-align: justify">The following paragraphs are hereby added to
the section of the Schedule 14D-9 entitled &ldquo;<I>Item 4. The Solicitation or Recommendation&mdash;Background of the
Offers</I>&rdquo; in chronological order:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On August 12, 2024, the Filing Parties filed Amendment
No. 4 to the Schedule TO with the SEC.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On August 13, 2024, the Filing Parties filed Amendment
No. 5 to the Schedule TO with the SEC.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">On August 14, 2024, Purchaser
issued a press release in which, among other things, it announced that it had extended the Offers to expire one minute after 10:59
a.m. EST, or one minute after 4:59 p.m. CEST, on August 22, 2024, unless further extended or earlier terminated in accordance with
the terms set forth in the Offer to Purchase. Purchaser also announced that it had waived the Minimum Tender Condition and the condition to completion
of the Offers requiring receipt of all necessary regulatory, governmental or similar clearances, approvals or
decisions and other actions from authorities or similar, including from competition authorities, being obtained. Purchaser also
stated in such press release that it &ldquo;has waived all conditions precedent that may have prevented prompt closing from
occurring and expects all other conditions to be satisfied at the end of the extended Offer Period without further
extensions.&rdquo;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">On August 15, 2024, the Filing Parties
filed Amendments Nos. 6 and 7 to the Schedule TO with the SEC.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>ITEM 8. ADDITIONAL ITEMS</B></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; text-align: justify">The following paragraph is hereby added to the
end of the section of the Schedule 14D-9 entitled &ldquo;<I>Item 8. Additional Items&mdash;Under Luxembourg Law, Shareholder Approval
of a Takeover Squeeze-Out Is Not Required</I>&rdquo;:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">In Amendment No. 7 to the Schedule TO,
filed by the Filing Parties with the SEC on August 15, 2024, Purchaser stated that, following the waiver of the Minimum Tender Condition,
it will not be required under the Luxembourg Takeover Law to purchase any additional Shares after completion of the Offers aside from
any obligation under a Takeover Sell-Out (as defined in the Schedule TO) or a Takeover Bid (as defined under the Luxembourg Takeover Law)
under Article 5 (1) of the Luxembourg Takeover Law.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>ITEM&nbsp;9. EXHIBITS</B></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"><FONT STYLE="font-weight: normal">Item 9 of the Schedule 14D-9 is hereby
amended and supplemented by adding the following exhibits:</FONT></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="text-align: center; font-weight: bold">Exhibit No.</TD>
    <TD STYLE="vertical-align: bottom; width: 1%; text-align: center; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 88%; text-align: center; font-weight: bold">Description</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold"><FONT STYLE="font-weight: normal">(a)(5)(O)</FONT></TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="text-align: justify; font-weight: bold"><A HREF="https://www.sec.gov/Archives/edgar/data/1952901/000110465924088297/tm2421391d1_ex99-a1n.htm"><FONT STYLE="font-weight: normal">Press Release of Purchaser, dated August 8, 2024 (incorporated by reference to Purchaser&rsquo;s Schedule TO-T/A, filed August 12, 2024).</FONT></A></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold"><FONT STYLE="font-weight: normal">(a)(5)(P)</FONT></TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="text-align: justify; font-weight: bold"><A HREF="https://www.sec.gov/Archives/edgar/data/1952901/000110465924088297/tm2421391d1_ex99-a1o.htm"><FONT STYLE="font-weight: normal">Press Release of Purchaser, dated August 9, 2024 (incorporated by reference to Purchaser&rsquo;s Schedule TO-T/A, filed August 12, 2024).</FONT></A></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold"><FONT STYLE="font-weight: normal">(a)(5)(Q)</FONT></TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="text-align: justify; font-weight: bold"><A HREF="https://www.sec.gov/Archives/edgar/data/1952901/000110465924088879/tm2421562d1_ex99-a1p.htm"><FONT STYLE="font-weight: normal">Press Release of Purchaser, dated August 13, 2024 (incorporated by reference to Purchaser&rsquo;s Schedule TO-T/A, filed August 13, 2024).</FONT></A></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold"><FONT STYLE="font-weight: normal">(a)(5)(R)</FONT></TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="text-align: justify; font-weight: bold"><A HREF="https://www.sec.gov/Archives/edgar/data/1952901/000110465924089838/tm2421670d1_99-a1q.htm"><FONT STYLE="font-weight: normal">Press Release of Purchaser, dated August 14, 2024 (incorporated by reference to Purchaser&rsquo;s Schedule TO-T/A, filed August 15, 2024).</FONT></A></TD></TR>
  </TABLE>

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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: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">SIGNATURE</P>

<P STYLE="font: bold 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">After due inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this Schedule 14D-9 is true, complete and correct.</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: top; width: 50%">&nbsp;</TD>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 45%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3"><FONT STYLE="font-size: 10pt"><B>MILLICOM INTERNATIONAL CELLULAR S.A.</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding-left: 10pt; text-indent: -10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">/s/ Salvador Escal&oacute;n</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Name: Salvador Escal&oacute;n</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Title: Executive Vice President, Chief Legal and Compliance Officer</P></TD></TR>
  </TABLE>

<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">Date:&nbsp;August 16, 2024</P>

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


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