MILLICOM INTERNATIONAL CELLULAR SA
For the period ended May 12, 2026. Filed May 14, 2026.
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May 12, 2026 · Filed May 14, 2026
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Contents
13. COMMITMENTS AND CONTINGENCIES
- COMMITMENTS AND CONTINGENCIES
Litigation & claims
The Group is contingently liable with respect to lawsuits, legal, regulatory, commercial and other legal risks that arise in the normal course of business. As of March 31, 2026, the total amount of claims brought against MIC SA and its subsidiaries is $188 million, (December 31, 2025: $146 million). The Group's share of the comparable exposure for its joint venture in Honduras and Chile associate is $8 million (December 31, 2025: $3 million).
As at March 31, 2026, $47 million has been provisioned by the Group for these claims and risks in the unaudited interim condensed consolidated statement of financial position (December 31, 2025: $37 million). The Group's share of provisions made by the joint venture and the associate was $5 million (December 31, 2025: $1 million). While it is not possible to ascertain the ultimate legal and financial liability with respect to these claims and risks, the ultimate outcome is not anticipated to have a material effect on the Group’s financial position and results of operations.
Unaudited Interim Condensed Consolidated Financial Statements for the three-month period ended March 31, 2026
- COMMITMENTS AND CONTINGENCIES (continued)
Taxation
At March 31, 2026, the tax risks exposure of the Group's subsidiaries is estimated at $401 million, for which provisions of $33 million have been recorded in tax liabilities; representing management's assessment of the probable cash outflow of eventual claims and required payments related to those risks (December 31, 2025: $376 million of which provisions of $32 million were recorded). The Group's share of comparable tax exposure in its joint venture and associates amounts to $187 million (December 31, 2025: $160 million) for which provisions of $9 million (December 31, 2025: $8 million), were made.
Capital commitments
At March 31, 2026, the Group had fixed commitments to purchase network equipment, other fixed assets and intangible assets of $382 million of which $367 million are due within one year (December 31, 2025: $305 million of which $280 million are due within one year). The Group’s share of commitments in the Honduras joint venture and associate is $45 million of which $45 million are due within one year (December 31, 2025: $31 million out of which $31 million are due within one year). Additionally, the Group's share of commitments in the UNIRED joint operation was $16 million for December 31, 2025.
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