Millicom International Cellular SA Schedule 13D activist filings

Atlas Investissement, a significant shareholder in Millicom International Cellular S.A., has amended and upsized its equity financing transactions with multiple financial institutions, increasing available funds by approximately $360.76 million.

Atlas Investissement has increased its beneficial ownership in Millicom International Cellular S.A. to 46.0% through an upsizing of existing equity financing and a new derivative transaction to acquire an additional 3.25 million shares.

Atlas Investissement SAS has entered into an equity derivative transaction to acquire an additional 3.35 million shares of Millicom International Cellular S.A., increasing its beneficial ownership to 44.1%.

Millicom International Cellular's affiliate and NJJ Cactus SAS, an affiliate of the Niel Family, have entered into a call option agreement concerning their equity in Celtel Chile and its subsidiary, Telefonica Moviles Chile.

Atlas Investissement, a major shareholder in Millicom International Cellular SA, has secured approximately $800 million in equity financing by pledging its common shares.

Atlas Investissement, controlled by the Niel Family, updated its Schedule 13D filing for Millicom International Cellular SA, detailing changes to its call spread option transactions and confirming a 42.2% beneficial ownership.

Atlas Investissement and its financial counterparties amended call spread option terms for Millicom shares, extending the initial hedging period.

Atlas Investissement increases economic exposure to Millicom International Cellular S.A. shares through new call spread option transactions with three major banks.

Atlas Investissement SAS, linked to the Niel Family, has increased its economic exposure to Millicom International Cellular S.A. common shares through new European-style call spread option transactions with three financial institutions.

Entities controlled by Xavier Niel and his family have increased their beneficial ownership in Millicom International Cellular S.A. to 41.88% through recent Swedish Depositary Receipt acquisitions, financed by an amended senior facilities agreement.

Atlas SAS, a key shareholder group led by the Niel Family, has further increased its beneficial ownership in Millicom International Cellular S.A. to 41.14% through recent acquisitions of Swedish Depositary Receipts.