Millicom International Cellular SA, an operator of mobile-phone networks in countries including Pakistan and Ghana, said the entire company may be sold.

Millicom, based in Luxembourg and controlled by Sweden's Kinnevik Investment AB, is "in advanced discussions and due diligence with a potential purchaser of the entire share capital of the company," Millicom said yesterday.

No agreement has been reached, Millicom said, and the identity of the potential bidder wasn't disclosed.

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