Millicom
Millicom International Cellular S.A. (brand name: Tigo) is a global telecommunications group with mobile operations in 16 emerging markets in Latin America, Africa and Asia and cable and broadband businesses in five countries in Central America with a total population in its licensed areas of more than 290 million. With its vision to create "A world where mobile services are affordable, accessible and available EVERYWHERE and to ALL", Millicom currently serves a customer base of over 30 million subscribers. Millicom International Cellular S.A. was incorporated under Luxembourg law in 1992. In 1993, it listed on the Nasdaq, entering the Nasdaq 100 in 2006. In 2008, Millicom was ranked 29th in BusinessWeek's InfoTech 100 index.
In the 1990's Millicom's founder, Jan Stenbeck, chose Luxembourg as the base for his businesses, which are controlled by the Kinnevik Group, because Luxembourg has an open and business oriented economy. Mr Stenbeck brought with him a number of other businesses beside Millicom which operate in Luxembourg. These include Tele2 AB, with its Tango operation in Luxembourg, Metro newspapers, Banque Invik and the previously mentioned MACH and SEC businesses. Some of these businesses have been sold in the meantime but are still located in Luxembourg.
Since its creation, Millicom has enjoyed a successful relationship with the Luxembourg government and has benefitted from Luxembourg's position at the heart of Europe, choosing to locate its headquarters in the Grand-Duchy given its strong transport links and accessibilty to the rest of Europe and, importantly, to other continents where Millicom operates its businesses.
Millicom has also been able to draw on the wealth of talent and linguistic skills available in the market and employs these well trained local people within its business. Also the strong education offered in Luxembourg is attractive for the families of Millicom's employees who come from all parts of the world.
Testimonial: Marc BEULS, Former CEO (1998-2009), Millicom International Cellular
