Millicom International Cellular SA

"A Luxembourg-based mobile phone company that operates in Pakistan and Iran as well as South America, Africa and the Asia Pacific region yesterday put itself up for sale with a price tag estimated at $4bn (£2.3bn) after receiving a number of approaches. Both Vodafone and T-Mobile are understood to have ruled themselves out of the bidding process for Millicom International Cellular, which had sales of $921m in 2004." (The Guardian, "International mobile phone firm goes on sale," 1/20/06)

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Listed by U.S. Government as doing business in Iran. (U.S. Securities and Exchange Commission, List of Companies Doing Business With State Sponsors Of Terror, Removed from the internet in July of 2007)