On July 3, 2024, Xavier Niel announced that on July 1, 2024, he has made a tender offer for all the Millicom International Cellular S.A. and he has commenced an offer to purchase through separate but concurrent offers in Sweden and the United States, all the outstanding Common Shares, including SDRs, for USD $24.00 per Common Share and USD $24.00 per SDR, upon the terms and subject to the conditions set forth in the Offer to Purchase and for the US Offer the accompanying Letter of Transmittal. In addition, Xavier Niel stated that the initial acceptance period for the Offers commenced on July 1, 2024, and will expire on August 16, 2024, unless the Offer Period is extended.