Millicom International Cellular S.A. (“Millicom”) (Nasdaq Stock Market: MICC and Stockholmsbörsen: MIC) is pleased to announce that it has officially started its mobile operations in Rwanda today.
 
Millicom was awarded its license in December 2008 and will be the third operator in the Rwandan market. The service is launching with approximately 50% coverage of the population, with plans to extend coverage significantly over the next three years. In addition, we have deployed 3G infrastructure in Kigali, the capital of Rwanda, and other key urban centres.
 
Operating under the Tigo brand, the service will focus on making mobile services affordable and accessible, with per second billing, low denomination recharges and a flat rate tariff of 1.5 RWF per second across all networks.
 
Mikael Grahne, President and CEO of Millicom, said:
 
“With a population of 10 million, mobile penetration of less than 20%, and a rapidly developing economy, Rwanda is a highly attractive market for Millicom. With our focus on affordability and our strengths in distribution and innovation, we believe we can make mobile voice and value-added services a reality for the mass market in Rwanda.”
 
Source: http://files.shareholder.com/downloads/MICC/793837488x0x336925/89D57E86-E6CC-4EA3-8C4B-C93CB026D816/091204_Rwanda_launch_final.pdf