Racal-Millicom Ltd

In July 1982, Jan Stenbeck, head of a growing Swedish conglomerate, set up an American company, Millicom Inc, and approached Gerry Whent about bidding jointly for the UK's second cellular radio license. The two struck a deal giving Racal 60% of the new company, Racal-Millicom Ltd, and Millicom 40%.