Atlas Investissement completed the acquisition of a 7% stake in Millicom.

Atlas Investissement, a holding company indirectly held by Xavier Niel, completed the acquisition of a 7% stake in Millicom, a Luxembourgish fixed line and mobile telecommunications services provider. Financial terms were not disclosed. Atlas Investissement has identified Millicom as an attractive investment opportunity thanks to its strong position as a regional market leader in Latin America, high-quality assets and strong brand. Millicom has also demonstrated a long-term commitment to the region with its significant investments which will support digital development for the population and the economy as well as the achievement of the group’s ambitious ESG targets.