Millicom Launches Broadband Wireless Internet Access Network in Argentina - Company Business and Marketing

Cambridge Telcom Report, May 8, 2000

Millicom International Cellular S.A., (Nasdaq: MICC), the global telecommunications investor, announced Wednesday that its subsidiary Millicom Argentina SA will launch phase one of service roll out, providing wireless internet services to Buenos Aires City and Great Buenos Aires. Millicom Argentina, will also provide wireless internet services to the country's most populated cities during the year 2000 (Cordoba, Vendozo, Rosario and Tucuman).

The network is based on Fixed Wireless Technology and offers considerably faster bandwidths than traditional telecommunications wireline services. The service will initially offer speeds of up to 2 Megabits per second. The two main services being offered by Millicom are Internet Services and Intranet Services (VPN Virtual Private Networks). Both services use the Advanced Digital Wireless Network, a highly secure, high speed data communications network over which customers can send and receive any form of data communication, whether it be voice, data, audio, video or fax. Millicom Argentina'a services offer all the benefits of a leased line, such as permanent connectivity, but its unique pricing structure means that customers pay a low monthly subscription fee and then only pay when data is actually being transferred.

The Millicom Argentina's Intranet Service is aimed at businesses and homeworkers who are looking for a permanent high speed connection to a company Intranet or Wide Area Network. Using Millicom Argentina's Intranet Service, teleworkers and other remote locations can have a permanent connection to the company's Local Area Network ("LAN"). With the remote network constantly connected to the LAN, applications such as video conferencing, collaborative working and document sharing will be made possible.

This is MIC's second operation to launch high speed wireless Internet services and we plan to roll out this concept in other markets shortly.

Millicom International Cellular S.A. is a leading developer and operator of cellular telephone services worldwide with operations in Latin America, Asia, Europe and Africa. It currently has interests in 30 cellular operations in 19 countries. The Group's cellular operations have a combined population under license (excluding Sweden) of approximately 465 million people. In addition, MIC operates the world's largest GSM clearing house and also has a 29.6% interest in Societe Europeenne de Communication SA, an alternative provider of fixed line national and international long distance telephony services in Europe. SEC currently has licenses to operate fixed telephony services in 10 European countries, of which 7 are operational, together with two European cellular operations. The Company's shares are traded on the Nasdaq Stock Market under the symbol MICC.