Investigation into Millicom International Cellular's Activities in Guatemala re: Tigo Guatemala
Type of investigation:
Other Agencies Investigating/Assisting with
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. Millicom said it intended to cooperate with the DOJ.
This investigation is ongoing.
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