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Millicom institutes international arbitration proceedings regarding Senegal license

mardi 11 novembre 2008

Millicom International Cellular S.A. (Millicom) (Nasdaq Stock Market : MICC and Stockholmsbörsen : MIC), the global telecommunications company, today announces that its subsidiaries Millicom International Operations, B.V. (MIO B.V.) and Sentel GSM S.A (Sentel), have instituted arbitration proceedings with the International Center for the Settlement of Investment Disputes (ICSID) against the Republic of Senegal under provisions of Sentel’s license and international law. MIO B.V. and Sentel seek compensation for the purported expropriation of the Senegal license and monetary damages for breach of the license. Lire la suite

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