Atlas Investissement confirms that it holds an approximately 7 per cent interest* in Millicom (“Millicom” or the “Company”).
Atlas Investissement has identified Millicom as an attractive investment opportunity thanks to its strong position as a regional market leader in Latin America, high-quality assets and strong brand. Millicom has also demonstrated a long-term commitment to the region with its significant investments which will support digital development for the population and the economy as well as the achievement of the group’s ambitious ESG targets.
Atlas Investissement is supportive of the strategy Millicom presented in February 2022 and its Board and management team. The team has shown a solid track record of execution, including the full exit of its African operations and the development of its Fintech activity Tigo Money.
*based on a total number of common shares issued by the Company of 172,096,305 (including treasury shares) as last reported by the Company on 30 June 2022
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