Davis Polk advised Millicom International Cellular S.A. on the listing of its common shares on the Nasdaq Stock Market in the United States and the registration of those shares under the Securities Exchange Act of 1934. The United States listing is in addition to the existing listing of Millicom’s common shares on the Nasdaq Stockholm, where they trade in the form of Swedish Depositary Receipts.
Millicom is a leading provider of cable and mobile services dedicated to emerging markets. Through its Tigo and Tigo Business brands, Millicom provides a wide range of digital services in nine countries in Latin America and two countries in Africa, including high-speed data, cable TV, direct-to-home satellite TV, mobile voice, mobile data, short message service, Mobile Financial Services, fixed voice and business solutions including value-added services. Millicom provides services on both a business-to-consumer and a business-to-business basis. Founded in 1992, Millicom is headquartered in Luxembourg.
The Davis Polk corporate team included partner John B. Meade and associates Roderick G. Miller and Sana Bargach. The tax team included counsel Alon Gurfinkel and associate Omer Harel. Members of the Davis Polk team are based in the New York and London offices.