Millicom International Cellular S.A. provides cable and mobile services in Latin America and Africa. The company offers mobile services, including mobile data and voice; short message service; and mobile financial services, such as payments, money transfers, international remittances, savings, real-time loans, and micro-insurance. It also provides cable and other fixed services, including broadband,content, fixed voice, and pay-TV to residential consumers; and fixed, managed services, cloud and security solutions, and value-added services to small, medium, and large businesses, as well as governmental entities. As of December 31, 2020, the company served 55 million mobile customers; and 12 million homes. It markets its products and services under Tigo and Tigo Business brands. The company was founded in 1990 and is headquartered in Luxembourg.
IPO Year:
Exchange: NASDAQ
Website: millicom.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/20/2024 | Sector Perform → Sector Outperform | Scotiabank | |
| 9/6/2024 | $35.00 | Overweight | JP Morgan |
| 8/15/2024 | Neutral → Buy | UBS | |
| 8/7/2024 | Sector Outperform → Sector Perform | Scotiabank | |
| 7/2/2024 | Buy → Hold | HSBC Securities | |
| 5/28/2024 | $30.00 | Overweight | JP Morgan |
| 3/28/2024 | Neutral → Overweight | JP Morgan | |
| 2/29/2024 | $20.00 → $24.00 | Neutral → Buy | New Street |
| 2/28/2024 | Hold → Buy | HSBC Securities | |
| 1/5/2024 | Equal-Weight → Overweight | Morgan Stanley |
Notification of transaction by a closely associated person of a Director of Millicom (Tigo) Luxembourg, November 13, 2024 – Millicom International Cellular S.A. ("Millicom") announces that, on November 7, 2024, Atlas Luxco S.à r.l. ("Atlas") a person closely associated ("PCA") with Jules Niel, a member of Millicom's Board of Directors, acquired 40,089 Millicom Swedish Depository Receipts (SDRs) in the open market at an average price of SEK 280.4 per share (the "Acquisition"). The Acquisition by Atlas was made via a mandate given to an investment bank to purchase SDRs on behalf and for the account of the PCA, ensuring that individuals making investment decisions do not have access t
Notification of share transaction by Director of Millicom (Tigo) shares Luxembourg, November 8, 2024 – Millicom International Cellular S.A. ("Millicom") announces that, on November 8, 2024, Tomas Eliasson, Director of Millicom, sold 17,269 Millicom Swedish Depository Receipts (SDRs) in the open market at an average price of SEK 289.19 per share. Mr. Eliasson now directly owns no shares. Details of the transaction are disclosed on Millicom's website. For further information, please contact: Press: Sofía Corral, Director Corporate Communications [email protected] Investors: Michel Morin, VP Investor Relations [email protected]
Millicom (Tigo) Q3 2024 Earnings Release Luxembourg, November 7, 2024 – Millicom is pleased to announce its third quarter 2024 results. Please find below links to the Q3 2024 Earnings Release and IAS 34 Interim Condensed Consolidated Financial Statements. Highlights* Revenue $1.43 billion up 0.5% - Service Revenue up 1.8% (2.4% organically) Robust commercial activity: 299,000 Postpaid Mobile and 68,000 Home FTTH/HFC net additionsOperating profit $300 million, up 43.1% EBITDA $585 million, up 9.8% Net income $51 million ($0.30 per share)Equity free cash flow $271 million, up from $100 million in Q3 2023 Leverage 2.59x, down 0.18x from 2.77x at Q2 Financial highlights ($ millions)
Millicom (Tigo) and SBA Communications agree to long-term partnership in Central America Luxembourg, October 28, 2024 – Millicom International Cellular S.A. (NASDAQ:TIGO) announces today that it has entered into an agreement with SBA Communications Corporation (NASDAQ:SBAC) to sell and leaseback a tower portfolio of approximately 7,000 towers in Guatemala, Honduras, Panama, El Salvador and Nicaragua for a total consideration of approximately $975 million, plus an earn-out contingent on achieving certain financial performance metrics. In addition, the parties have agreed to enter into a build-to-suit agreement under which SBA Communications will build up to 2,500 addi
Millicom (Tigo) notice of third quarter 2024 results and video conference Luxembourg, October 24, 2024 – Millicom expects to announce its third quarter 2024 results on November 7, 2024, via a press release. Millicom is planning to host a video conference for the global financial community on November 7, 2024, at 15:00 (Stockholm) / 14:00 (London) / 09:00 (Miami). Registration for the interactive event is required at the following link. After registering, you will receive a confirmation email containing details about joining the video conference. Participants who wish to ask a question during the live event must notify the Investor Relations team via email to [email protected]
Millicom (Tigo) announces intent to redeem in full its 6.625% Senior Notes due 2026 Luxembourg, October 18, 2024 – Millicom International Cellular S.A. ("Millicom") today announces its intent to redeem on October 28, 2024 (the "Redemption Date"), $147,855,600 aggregate principal amount of its 6.625% Senior Unsecured Notes due 2026 (the "Notes"), which represents all of the outstanding Notes as of the date hereof. A notice of redemption will be sent to the holders of the Notes in accordance with the requirements of the indenture governing the Notes (the "Indenture"). Pursuant to the terms of the Indenture, the Notes will be redeemed at a redemption price equal to 100% of the principal
Millicom (Tigo) files standard form for notification of major holdings Luxembourg, October 17, 2024 - Millicom International Cellular S.A. announced today the CSSF regulatory filing of the form: Standard forms for notification of major holdings (attachment 1, attachment 2.) -END- For further information, please contact Press: Sofía Corral, Director Corporate [email protected] Investors: Michel Morin, VP Investor Relations [email protected] About Millicom Millicom (NASDAQ U.S.: TIGO, Nasdaq Stockholm: TIGO_SDB) is a leading provider of fixed and mobile telecommunications services in Latin America. Through our TIGO® and Tigo
Millicom (Tigo) files standard form for notification of major holdings Luxembourg, October 15, 2024 - Millicom International Cellular S.A. announced today the CSSF regulatory filing of the form: Standard form for notification of major holdings (attachment). -END- For further information, please contact Press: Sofía Corral, Director Corporate [email protected] Investors: Michel Morin, VP Investor Relations [email protected] About Millicom Millicom (NASDAQ U.S.: TIGO, Nasdaq Stockholm: TIGO_SDB) is a leading provider of fixed and mobile telecommunications services in Latin America. Through our TIGO® and Tigo Business® brands, we provide a wide range
Millicom (Tigo) announces changes to its Board of Directors Luxembourg, September 24, 2024 – Millicom (NASDAQ:TIGO) (the "Company") announced today that Thomas Reynaud and Aude Durand have stepped down from their roles as members of the Millicom Board of Directors (the "Board"), with immediate effect. The Board, which will continue to be composed of eight directors, has unanimously appointed Jules Niel and Pierre-Emmanuel Durand as interim members of the Board, until the next annual general meeting of Millicom shareholders. Mr. Reynaud joined Millicom's Board of Directors in May 2023, and Ms. Durand joined Millicom's Board of Directors in February 2024. They announced their d
Millicom (Tigo) Executive Chair Mauricio Ramos steps down as Chair of the Board Maxime Lombardini to assume as Non-Executive Interim Chair Luxembourg, September 19, 2024 – Millicom (NASDAQ:TIGO) (the "Company") announced today that Mauricio Ramos is stepping down from his roles of director and Chair of Millicom Board of Directors (the "Board") on September 30, 2024. The Board, which will be composed of eight directors for the time being, has unanimously appointed Maxime Lombardini to act as Interim Chair of the Board. A Nominations Committee will be convened and work to submit a proposal for election of a Chair of the Board to the next annual general meeting of
6-K - MILLICOM INTERNATIONAL CELLULAR SA (0000912958) (Filer)
6-K - MILLICOM INTERNATIONAL CELLULAR SA (0000912958) (Filer)
6-K - MILLICOM INTERNATIONAL CELLULAR SA (0000912958) (Filer)
6-K - MILLICOM INTERNATIONAL CELLULAR SA (0000912958) (Filer)
6-K - MILLICOM INTERNATIONAL CELLULAR SA (0000912958) (Filer)
6-K - MILLICOM INTERNATIONAL CELLULAR SA (0000912958) (Filer)
6-K - MILLICOM INTERNATIONAL CELLULAR SA (0000912958) (Filer)
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Scotiabank upgraded Millicom International Cellular from Sector Perform to Sector Outperform
JP Morgan resumed coverage of Millicom International Cellular with a rating of Overweight and set a new price target of $35.00
UBS upgraded Millicom International Cellular from Neutral to Buy
Scotiabank downgraded Millicom International Cellular from Sector Outperform to Sector Perform
HSBC Securities downgraded Millicom International Cellular from Buy to Hold
JP Morgan initiated coverage of Millicom International Cellular with a rating of Overweight and set a new price target of $30.00
JP Morgan upgraded Millicom International Cellular from Neutral to Overweight
New Street upgraded Millicom International Cellular from Neutral to Buy and set a new price target of $24.00 from $20.00 previously
HSBC Securities upgraded Millicom International Cellular from Hold to Buy
Morgan Stanley upgraded Millicom International Cellular from Equal-Weight to Overweight
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SC 13D/A - MILLICOM INTERNATIONAL CELLULAR SA (0000912958) (Subject)
Millicom's (Tigo) Independent CommitteeIssued Recommendation Under U.S. and Swedish Rules That Shareholders and SRD Holders Rejectthe Tender Offers Made by Atlas Luxco S.à r.lLuxembourg, July 15, 2024 – Millicom International Cellular S.A. ("Millicom") today announced that a committee of independent members of its Board of Directors (the "Independent Committee"), following deliberation and discussions with Millicom's financial advisors, has unanimously determined that the all-cash tender offers in the U.S. and Sweden (collectively, the "Offers") by Atlas Luxco S.à r.l and its affiliates ("Atlas") for all outstanding common shares and SDRs in Millicom (collectively, the "Shares"; holders of c
HSBC analyst Phani Kanumuri downgrades Millicom Intl Cellular (NASDAQ:TIGO) from Buy to Hold.
Scotiabank analyst Andres Coello maintains Millicom Intl Cellular (NASDAQ:TIGO) with a Sector Outperform and raises the price target from $26.8 to $30.
Atlas is exploring financing options to support a potential all-cash tender offer for all outstanding shares in Millicom at a price of US$24 per share, and its SEK equivalent per SDR.
Gainers Millicom Intl Cellular (NASDAQ:TIGO) stock increased by 9.1% to $25.73 during Thursday's pre-market session. The market value of their outstanding shares is at $4.4 billion. PropertyGuru Group (NYSE:PGRU) stock rose 8.26% to $4.98. The market value of their outstanding shares is at $816.4 million. As per the news, the Q1 earnings report came out 2 days ago. Gamer Pakistan (NASDAQ:GPAK) shares increased by 8.24% to $0.24. The company's market cap stands at $6.0 million. News (NASDAQ:NWSA) shares rose 5.43% to $27.36. The company's market cap stands at $15.5 billion. Society Pass (NASDAQ:SOPA) stock increased by 5.43% to $1.94. The market value of their outstanding shares is at $5
Millicom Intl Cellular (NASDAQ:TIGO) reported quarterly earnings of $0.54 per share which beat the analyst consensus estimate of $0.07 by 671.43 percent. This is a 2600 percent increase over earnings of $0.02 per share from the same period last year. The company reported quarterly sales of $1.49 billion which beat the analyst consensus estimate of $1.45 billion by 2.55 percent. This is a 8.62 percent increase over sales of $1.37 billion the same period last year.
Millicom (Tigo) and SBA Communications agree to long-term partnership in Central America Luxembourg, October 28, 2024 – Millicom International Cellular S.A. (NASDAQ:TIGO) announces today that it has entered into an agreement with SBA Communications Corporation (NASDAQ:SBAC) to sell and leaseback a tower portfolio of approximately 7,000 towers in Guatemala, Honduras, Panama, El Salvador and Nicaragua for a total consideration of approximately $975 million, plus an earn-out contingent on achieving certain financial performance metrics. In addition, the parties have agreed to enter into a build-to-suit agreement under which SBA Communications will build up to 2,500 addi
Millicom (Tigo) Board of Directors Appoints Marcelo Benitez as CEO Luxembourg, April 25, 2024 – Millicom announced today that its Board of Directors has appointed Marcelo Benitez as CEO of Millicom, effective June 1, 2024. Benitez has had a distinguished career with Millicom, having joined the company in Paraguay nearly 30 years ago and risen through the Company's ranks to his most recent role as CEO of TIGO Panama. Benitez's selection completes the final phase of a succession planning and selection process, which included a thorough evaluation of internal and external candidates to ensure that the company's next CEO possesses the vision, experience, talent and lea
Millicom (Tigo) announces a new appointment in its executive team Luxembourg, March 22, 2024 – Today, Millicom announced that Sheldon Bruha will be stepping down from the role of Chief Financial Officer (CFO), effective on April 15th, as part of a planned succession process. Sheldon will be succeeded as CFO by Bart Vanhaeren, currently VP Corporate Finance at Millicom. Sheldon will continue to serve as an advisor to Millicom through June 30, 2024 to ensure a continued smooth and organized transition. Sheldon joined the Company as CFO at the beginning of 2022 and, among other key successfully executed initiatives, has played an instrumental role in driving Project Everest, the Company's cos
Millicom (Tigo) appoints Aude Durand to its Board of Directors Luxembourg, February 26, 2024 –Millicom announces the appointment of Aude Durand to its Board of Directors, effective today. In accordance with Millicom's Articles of Association, Millicom's Board of Directors, with the approval of Millicom's Nomination Committee, has appointed Ms. Durand to fill the vacant Board position created by the tragic passing of Nicolas Jaeger until the company's next Annual General Meeting of shareholders.Aude Durand has strong experience in the telecommunications industry. She currently serves as Deputy CEO at iliad Holding, where she is involved in key projects across iliad's telecom operators
Meeting between President Cortizo Cohen and Mauricio Ramos, CEO of Millicom, strengthens Tigo's commitment and long-term investment in Panama Millicom|TIGO's commitment to infrastructure modernization and investment in Panama, which Millicom has chosen for its regional Fintech Hub, to be strengthened with a further investment of $250 million. Luxembourg, July 15, 2021 – Millicom, a leading provider of fixed and mobile services in Latin America, operating under the TIGO brand, announced an important meeting that was held today between the President of the Republic of Panama, Laurentino Cortizo Cohen, and Millicom CEO, Mauricio Ramos. During the meeting, Mauricio Ramos presented
LONDON--(BUSINESS WIRE)--Regulatory News: Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) (NA:PSH) (the “Company”) today issued the PSH annual report and financial statements for the year ended December 31, 2020, which are now available on PSH’s website, https://www.pershingsquareholdings.com/company-reports/financial-statements/. PSH also announced that its Annual General Meeting of Shareholders (“AGM”) will be held on Wednesday, April 28, 2021, at 12:00 PM BST. Pursuant to mandatory measures announced by the States of Guernsey to reduce the transmission of COVID-19, any persons arriving into the Bailiwick of Guernsey are required to self-isolate for a period of up to 14 days u
The independent committee of the Board of Directors of Millicom (Tigo) continues to believe the public cash offers made by Atlas Luxco S.à r.l. significantly undervalue Millicom's shares and SDRs and reiterates recommendation not to tender (issued pursuant to the Swedish Takeover Rules) On August 2, 2024, Atlas Luxco S.à r.l. announced it has increased the offer price of its public cash offers from USD $24.00 to USD $25.75 per common share and SDR. The independent committee is of the unanimous opinion that the revised offers continue to significantly undervalue Millicom and recommends that shareholders and SDR holders not accept the offers. In evaluating the Offers at the Revised Offer Pri
Millicom's (Tigo) Independent Committee Issued Recommendation Under U.S. and Swedish Rules That Shareholders and SRD Holders Reject the Tender Offers Made by Atlas Luxco S.à r.l Luxembourg, July 15, 2024 – Millicom International Cellular S.A. ("Millicom") today announced that a committee of independent members of its Board of Directors (the "Independent Committee"), following deliberation and discussions with Millicom's financial advisors, has unanimously determined that the all-cash tender offers in the U.S. and Sweden (collectively, the "Offers") by Atlas Luxco S.à r.l and its affiliates ("Atlas") for all outstanding common shares and SDRs in Millicom (collectively, the "Shares"; holder
Independent committee of Millicom (Tigo) board believes anticipated takeover offer by Atlas at a price of US$24 per share would significantly undervalue Millicom in light of expected financial performance Luxembourg, June 27, 2024 – A committee of independent members of the Board of Directors of Millicom International Cellular S.A. ("Millicom") confirms that it has been in communication with one of Millicom's shareholders, Atlas Luxco S.à r.l and its affiliates ("Atlas"), regarding the anticipated all-cash tender offer by Atlas for all outstanding shares and SDRs in Millicom which Atlas does not currently own at a price of US$24 per share (and the SEK equivalent per SDR). Following d
Results in Line with GuidanceReaffirming Broadband Full Year Revenue GuidanceIncreasing Full Year Video EBITDA Guidance SAN JOSE, Calif., April 29, 2024 /PRNewswire/ -- Harmonic Inc. (NASDAQ:HLIT) today announced its unaudited results for the first quarter of 2024. "Our first quarter results were within our guidance range and largely driven by our Broadband business," said Patrick Harshman, president and chief executive officer of Harmonic. "Based on these results, our record backlog and deferred revenue, and our restructuring actions in Video to address market conditions and
Millicom announces the re-issuance of its AGM and EGM Convening Notice Luxembourg, April 23, 2024 – Millicom today announced the re-issuance of the Convening Notice to its Annual General Meeting ("AGM") and Extraordinary General Meeting ("EGM") of Shareholders which will be held on May 23, 2024.The Convening Notice contains a rectified note to the AGM agenda item 20 (Share Repurchase Plan). All other items of the AGM and EGM remain unchanged. The Convening Notice is appended to this press release and available on the company's website at: https://www.millicom.com/our-company/corporate-governance/shareholder-meetings/. AGM voting materials have been updated to reflect the rectified
Convening Notice for Annual General Meeting and Extraordinary General Meeting of Shareholders MILLICOM INTERNATIONAL CELLULAR S.A.Registered Address: 2, Rue du Fort BourbonL-1249 Luxembourg, Grand Duchy of Luxembourg– R.C.S. Luxembourg: B 40.630 – I. NOTICE The annual general meeting ("AGM") and subsequent extraordinary general meeting ("EGM") of the shareholders of MILLICOM INTERNATIONAL CELLULAR S.A. ("Millicom" or the "Company") is hereby convened to be held at Hotel Le Royal, 12 Bd Royal, 2449 Luxembourg on Thursday, May 23, 2024, at 11:00 a.m. Central European Time ("CET"). To
Millicom (Tigo) updates its financial targets Luxembourg, June 28, 2023 – Millicom informs that it now expects to achieve lower than previously expected cumulative equity free cash flow for the three years up to and including 2024. Millicom now targets cumulative equity free cash flow of at least $500 million for the 2022-2024 period, as compared to the prior target of between $800 million to $1 billion. In addition, potential asset monetizations and partner equity funding being pursued in Colombia could add an estimated $100 to $150 million of additional cash flows; and the company continues to progress on its plans to carve out and monetize Lati, the company's newly-created tower busine
Millicom (Tigo) Third Quarter Results – Staying the Course Luxembourg, October 27, 2022 – Millicom is pleased to announce its third quarter 2022 results. Please find below links to the Q3 2022 Earnings Release, and IAS 34 Interim Condensed Consolidated Financial Statements. Millicom Chief Executive Officer Mauricio Ramos commented: "Q3 was another solid quarter for Millicom, and once again we delivered positive organic service revenue growth across the vast majority of our country markets and in all three business lines, even as we faced a more challenging macroeconomic backdrop. We have entered this period of increased volatility from a position of strength of our networks, our
Millicom (Tigo) Delivers Sustained Growth Momentum in Q2 Luxembourg, July 28, 2022 – Millicom is pleased to announce its second quarter 2022 results. Please find below links to the Q2 2022 Earnings Release, and IAS 34 Interim Condensed Consolidated Financial Statements. Millicom Chief Executive Officer Mauricio Ramos commented: "We had a solid Q2, with service revenue growing organically in every country and business unit for the fourth consecutive quarter, while EBITDA grew both year-on-year and sequentially compared to Q1. Colombia performed exceptionally well, as service revenue growth accelerated to more than 8%, driven by mobile, which grew nearly 20
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