On November 12, 2021, Millicom acquired the remaining 45% equity interest in its prior joint venture businesses in Guatemala (collectively, “Tigo Guatemala”) from our local partner for $2.2 billion in cash. As a result, Millicom owns a 100% equity interest in Tigo Guatemala. The transaction is expected to be significantly and immediately accretive to Millicom’s cash flow and net income and to increase Millicom’s equity free cash flow by approximately $200 million before incremental financing costs.

With this transaction, Millicom consolidates its position as the leading telecommunication service provider in Central America.