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July 26, 1990

MILLICOM FOREIGN CELLULAR UNITS INTO SWEDISH VENTURE

By CBR Staff Writer

New York-based Millicom Inc agreed in principle to put many of its international cellular interests into a joint venture with Swedish industrial holding company Industriforvaltnings AB Kinnevik, which will toss the cellular interests of its Comvik International subsidiary into the pot. The new Millicom International Cellular will have a minority interest in the new Swedish digital franchise, and properties in Hong Kong, Costa Rica, Mauritius, Guatemala, Sri Lanka, Pakistan, Mexico, Chile and the Philippines.

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