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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting -- Ignore unavailable to you. Want to Upgrade?

To: Dennis Roth who wrote (4)	6/27/2000 9:50:00 AM
From: Dennis Roth	Read Replies (1) \| Respond to of 197294

It looks like Laos will go to GSM. I don''t know how many of them can afford mobile phones. ====================================== iview1.newsedge-web.com June 26, 2000 Millicom Received Approval in Principle for the License To Provide Nationwide Cellular Telephony in Laos [PR Newswire ] NEW YORK, LONDON and LUXEMBOURG, June 23 /PRNewswire/ via NewsEdge Corporation -- Millicom International Cellular S.A., (Nasdaq: MICC), the global telecommunications investor, announced today approval in principle of its application for the provision of nationwide cellular telephony in Lao People's Democratic Republic. The Government of Lao PDR expressed its intent to cooperate with MIC. The license is expected to be granted after the expiration of the protection clause of the existing contractual agreement with existing cellular operator in October 2001. Laos has a population of 5.4 million and one of the lowest telephony penetrations in the world. The cellular telephony penetration is 0.2% and has grown by 118% during the last 12 months period. Millicom International Cellular S.A. is a global telecommunications investor with operations in Asia, Latin America, Russia 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, provides Wireless Internet Services in 3 countries 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 11 European countries, of which 8 are operational, together with two European cellular operations. The Company's shares are traded on the Nasdaq Stock Market under the symbol MICC. SOURCE Millicom International Cellular S.A. /CONTACT: Marc Beuls, President and Chief Executive Officer of Millicom International Cellular S.A., Luxembourg, +352-27-759-101; or Andrew Best of Shared Value Ltd, +44-20-7321-5010, for Millicom International Cellular S.A./ /Web site: millicom.com (MICC)