MILLICOM INTERNATIONAL CELLULAR SA
For the period ended Feb 26, 2026. Filed Feb 26, 2026.
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Feb 26, 2026 · Filed Feb 26, 2026
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Contents
13. COMMITMENTS AND CONTINGENCIES (continued)
of the U.S. Foreign Corrupt Practices Act ("FCPA") related to TIGO Guatemala's past activities in Guatemala. The Company’s parent, Millicom International Cellular S.A. ("Millicom"), is also a party to the DPA and has agreed to certain terms and obligations thereunder.
Under the terms of the DPA, the DOJ has filed a one-count criminal Information charging TIGO Guatemala with conspiracy to commit an offense against the United States in violation of the FCPA. The DPA has a term of two years, during which prosecution of TIGO Guatemala will be deferred. The key terms of the DPA include:
| • | Financial Settlement: TIGO Guatemala has agreed to pay a total of $118,198,343, which consists of a criminal monetary penalty of $60,000,000 and the forfeiture of $58,198,343 in proceeds. TIGO Guatemala subsequently paid the penalty and forfeiture amount of $118,198,343 in December of 2025 and has presented such amounts as a litigation expense in the consolidated statement of income. |
| • | Compliance and Reporting Obligations: TIGO Guatemala and Millicom are required to continue cooperating fully with the DOJ. They have also committed to maintaining their compliance programs and internal controls to prevent and detect violations of anti-corruption laws. Furthermore, during the term of the DPA, the companies are required to provide periodic reports to the DOJ regarding their remediation and compliance efforts. |
| • | Contingent Outcome: Provided that TIGO Guatemala and Millicom fully comply with all of their obligations under the DPA for its two-year term, the DOJ will seek dismissal with prejudice of the criminal Information. If, however, the DOJ determines in its sole discretion that a breach of the DPA has occurred, TIGO Guatemala could be subject to prosecution for the conduct described in the Information, and the Company could face additional sanctions or penalties. |
Management is committed to fulfilling all of the Company's obligations under the DPA.
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