Foreign Corrupt Practices Act: Investigations Dataset

Investigation Name: Investigation into Millicom International Cellular's Activities in Guatemala re: Tigo Guatemala

Trend: None

Type of investigation: DOJ

Other Agencies Investigating/Assisting with DOJ Investigation: Unknown

Whistleblower: Unknown

Summary

Millicom International Cellular SA (Millicom) is a telecommunications and media company focused on emerging markets. It operates across 14 frontier and emerging Latin American and African markets. Its headquarters are in Luxembourg, and its stock trades on the NASDAQ.

In a 6-K filed on May 10, 2022, Millicom disclosed that it had received a subpoena from the DOJ on April 27, 2022, requesting information concerning the company's business in Guatemala (Tigo Guatemala), including information related to the purchase in 2021 of Millicom's former joint venture partner’s interest in Tigo Guatemala and information related to any contacts with certain Guatemalan government officials. The subpoena also requested information concerning Millicom's operations in other countries in Latin America.

In its 20-F filed on March 12, 2024, Millicom disclosed that it had received a second subpoena from the DOJ in May 2023 requesting additional information about Tigo Guatemala. The company further disclosed that it had incurred $33 million in legal costs and applicable value-added taxes related to the subpoenas from the DOJ.

Millicom said it was cooperating with the DOJ.

This investigation is ongoing.

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| Investigations Dataset

Investigations Dataset

Information & Summary

Investigation into Millicom International Cellular's Activities in Guatemala re: Tigo Guatemala

Information & Summary

Protected Content