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 |
---|---|---|---|
1/29/2025 | $32.00 | Equal-Weight | Morgan Stanley |
1/22/2025 | $34.00 | Hold → Buy | HSBC Securities |
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 |
Millicom (Tigo) completes delisting from Nasdaq Stockholm and SEB informs Millicom of its intent to initiate the sale of shares not withdrawn from SDR program Luxembourg, March 24, 2025 – Millicom International Cellular S.A. ("Millicom"), has completed the delisting of its Swedish Depositary Receipts (SDRs) from Nasdaq Stockholm, in line with previous communications. The last day of trading was March 17, 2025. As of March 24, 2025, SEB, the custodian bank for SDRs, informed Millicom that holders of SDRs representing approximately 5,110,103 underlying common shares had not taken all the steps needed to withdraw the shares underlying their SDRs(1). In compliance with the SDR terms and cond
Notification of transaction by a closely associated person of a Director of Millicom (Tigo) Luxembourg, March 20, 2025 – Millicom International Cellular S.A. ("Millicom") announces that, on March 17, 2025, Atlas S.A.S. ("Atlas") a person closely associated ("PCA") with Jules Niel, a member of Millicom's Board of Directors, informed that it acquired 344,797 Millicom Swedish Depository Receipts (SDRs) in Nasdaq Stockholm (the "Acquisition") at an average price of SEK 299.77 per SDR. 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 to
Millicom's Nomination Committee's proposal for Board of Directors Luxembourg, March 17, 2025 – In advance of the Annual General Meeting of shareholders ("AGM") of Millicom International Cellular S.A. ("Millicom"), to be held on May 21, 2025, Millicom's Nomination Committee proposes: The election of Pierre-Alain Allemand as new member of the Board of Directors; The re-election of Maxime Lombardini, Jules Niel, Pierre-Emmanuel Durand, María Teresa Arnal, Bruce Churchill, Blanca Treviño de Vega and Justine Dimovic as members of the Board; and The election of Maxime Lombardini as Chair of the Board. Tomas Eliasson has decided not to seek re-election. Jules Niel, Chair of the No
Notification of transaction by a closely associated person of a Director of Millicom (Tigo) Luxembourg, March 17, 2025 – Millicom International Cellular S.A. ("Millicom") announces that, on March 14, 2025, Atlas S.A.S. ("Atlas") a person closely associated ("PCA") with Jules Niel, a member of Millicom's Board of Directors, informed that it acquired Millicom Swedish Depository Receipts (SDRs)in Nasdaq Stockholm as follows (the "Acquisition"): Date Price per unit Volume (units) 11 March 2025 299.23 SEK 190,000 12 March 2025 297.26 SEK 200,000 13 March 2025 299.75 SEK 285,067 14 March 2025 299.82 SEK 173,954 The Acquisition by Atlas was made via a mandate given to an invest
Millicom (Tigo) share repurchase activity Luxembourg, March 17, 2025 - Pursuant to the share repurchase program announced on November 29, 2024, Millicom repurchased 315,930 of its Swedish Depository Receipts (SDRs) and 736,800 of its common shares between March 10, 2025, and March 14, 2025, as detailed in the table below. Exchange Nasdaq Stockholm Nasdaq Stock Market Trade Date Number of SDRs repurchased Average price paid* (SEK) Repurchase amount* (SEK) Number of shares repurchased Average price paid* (USD) Repurchase amount* (USD) 2025-03-10 103 000 295.3982 30 426 015 161 700 29.1766 4 717 856 2025-03-11 102 930 301.0125 30 983 217 161 700 29.6205 4 789 635
Millicom (Tigo) and Telefonica sign definitive sale-purchase agreement in Colombia Luxembourg, March 12, 2025 – Pursuant to the announcement on July 31, 2024, Millicom and Telefonica have entered into a definitive agreement for the acquisition by Millicom of Telefonica's controlling 67.5% equity stake in Coltel, subject to closing conditions including regulatory approvals. Millicom has also agreed to offer to purchase the remaining 32.5% of Coltel equity owned by La Nación and other investors at the same purchase price per share offered to Telefonica. In line with the prior announcement, the purchase price of $400 million is subject to customary adjustments for net debt evolution, working c
Millicom (Tigo) share repurchase activity Luxembourg, March 10, 2025 - Pursuant to the share repurchase program announced on November 29, 2024, Millicom repurchased 344,250 of its Swedish Depository Receipts (SDRs) and 434,700 of its common shares between February 28, 2025, and March 07, 2025, as detailed in the table below. Exchange Nasdaq Stockholm Nasdaq Stock Market Trade Date Number of SDRs repurchased Average price paid* (SEK) Repurchase amount* (SEK) Number of shares repurchased Average price paid* (USD) Repurchase amount* (USD) 2025-02-28 1 900 25.7368 48 900 2025-03-03 3 215 276.5466 889 097
Nasdaq Stockholm approved the delisting of Millicom (Tigo) SDRs and set the last day of trading on March 17, 2025 Luxembourg, March 3, 2025 – Millicom International Cellular S.A. ("Millicom" or the "Company"), today formally applied for delisting of its Swedish Depository Receipts ("SDRs") from Nasdaq Stockholm. The delisting application was approved and Nasdaq Stockholm set the last day of trading (the "Delisting Effective Date") on March 17, 2025. Millicom reminds holders of SDRs that the delisting will result in the SDR program being terminated. To remain as shareholders of Millicom, SDR holders must convert1 their SDRs into common shares traded in Nasdaq Stock Market in the U.S. ("M
Notification of transaction by an Officer of Millicom (Tigo) Luxembourg, March 1, 2025 – Millicom International Cellular S.A. ("Millicom" or the "Company") announces that, on February 27, 2025, under an existing 10b5-1 plan, Mr. Salvador Escalon, Chief Legal and Compliance Officer, sold 10,991 Millicom shares in the open market at an average price of $28.8473 per share. As a result, Salvador Escalon currently owns 151,410 shares. Details of the transaction are recorded on the personal trading section of Millicom's website. For further information, please contact: Press: Sofía Corral, Director Corporate Communications [email protected] Investors: Michel Morin, VP Investor Rela
Millicom (Tigo) Q4 2024 Earnings Release Luxembourg, February 27, 2025 – Millicom is pleased to announce its fourth quarter 2024 results. Please find below links to the Q4 2024 Earnings Release and IAS 34 Interim Condensed Consolidated Financial Statements. Q4 Highlights* Revenue $1.43 billion Operating profit $373 million, and EBITDA $618 million Net income of $31 million Equity free cash flow $236 million, leading to year-end leverage of 2.42x Robust commercial activity continued in Q4: 274,000 Postpaid Mobile and 49,000 Home FTTH/HFC net additions Full Year Highlights* Revenue $5.80 billion, up 2.5% year-on-year Operating profit $1.34, up 62.5% Net income of $253 million
6-K - MILLICOM INTERNATIONAL CELLULAR SA (0000912958) (Filer)
6-K - MILLICOM INTERNATIONAL CELLULAR SA (0000912958) (Filer)
6-K - MILLICOM INTERNATIONAL CELLULAR SA (0000912958) (Filer)
SCHEDULE 13D/A - MILLICOM INTERNATIONAL CELLULAR SA (0000912958) (Subject)
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)
Morgan Stanley initiated coverage of Millicom International Cellular with a rating of Equal-Weight and set a new price target of $32.00
HSBC Securities upgraded Millicom International Cellular from Hold to Buy and set a new price target of $34.00
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
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
Millicom (Tigo) completes delisting from Nasdaq Stockholm and SEB informs Millicom of its intent to initiate the sale of shares not withdrawn from SDR program Luxembourg, March 24, 2025 – Millicom International Cellular S.A. ("Millicom"), has completed the delisting of its Swedish Depositary Receipts (SDRs) from Nasdaq Stockholm, in line with previous communications. The last day of trading was March 17, 2025. As of March 24, 2025, SEB, the custodian bank for SDRs, informed Millicom that holders of SDRs representing approximately 5,110,103 underlying common shares had not taken all the steps needed to withdraw the shares underlying their SDRs(1). In compliance with the SDR terms and cond
Nasdaq Stockholm approved the delisting of Millicom (Tigo) SDRs and set the last day of trading on March 17, 2025 Luxembourg, March 3, 2025 – Millicom International Cellular S.A. ("Millicom" or the "Company"), today formally applied for delisting of its Swedish Depository Receipts ("SDRs") from Nasdaq Stockholm. The delisting application was approved and Nasdaq Stockholm set the last day of trading (the "Delisting Effective Date") on March 17, 2025. Millicom reminds holders of SDRs that the delisting will result in the SDR program being terminated. To remain as shareholders of Millicom, SDR holders must convert1 their SDRs into common shares traded in Nasdaq Stock Market in the U.S. ("M
Millicom (Tigo) declares $0.75 per share interim dividend to be paid on April 15, 2025 Luxembourg, February 26, 2025 – In line with the press release published on January 14, 2025, the Board of Directors of Millicom International Cellular S.A. ("Millicom") approved the interim dividend of $0.75 per share to be paid on April 15, 2025 (the "Payment Date"). Other important dates and information relating to the Interim Dividend are as follows: Interim Dividend Record Date: the Interim Dividend will be paid to shareholders who are registered in the U.S. with Broadridge on April 8, 2025, at 23.59 CET;Ex-dividend Date: the last trading day on which shares acquired will be eligible to receive the
Millicom (Tigo) reiterates intention to consolidate listing of shares on NASDAQ U.S. by delisting SDRs from Nasdaq Stockholm Luxembourg, February 20, 2025 – As previously communicated on November 29, 2024, Millicom International Cellular S.A. ("Millicom") today reiterated that it intends to file a delisting application with Nasdaq Stockholm on March 3, 2025, which will result in the SDR program being terminated. The last day of trading for SDRs is estimated to be on or around March 17, 2025. The exact date will be decided by Nasdaq Stockholm upon approval of the delisting application. The Company anticipates that consolidating the listing of its shares onto one single exchange
Millicom (Tigo) announces new shareholder remuneration policy Luxembourg, January 14th, 2025 – Millicom International Cellular S.A. ("Millicom" or the "Company"), today announced that the Company's Board of Directors (the "Board") has approved a new shareholder remuneration policy under which it proposes to: resume regular cash dividends;sustain or grow cash dividends every year; andmaintain a prudent capital structure, with a long-term leverage target range of 2.0-2.5x With this policy, the Board aims to return capital to shareholders from the cashflow generation of the Company in a consistent and prudent manner that reflects the capital-intensive and highly-regulated nature of the busin
Millicom (Tigo) intends to consolidate listing of shares on NASDAQ U.S. by delisting SDRs from Nasdaq Stockholm and resumes shareholder remuneration Luxembourg, November 29, 2024 – Millicom International Cellular S.A. ("Millicom" or the "Company"), today announced that the Company's Board of Directors (the "Board") has approved the following corporate actions, to simplify the trading of its shares and to resume shareholder remuneration, supported by the Company's strong financial performance in 2024 and positive outlook for 2025 and beyond: Application for delisting of the Company's Swedish Depositary Receipts ("SDR") from Nasdaq Stockholm (to be made at the earliest end of February 2025)
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
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SC 13D/A - MILLICOM INTERNATIONAL CELLULAR SA (0000912958) (Subject)
SC 13D/A - MILLICOM INTERNATIONAL CELLULAR SA (0000912958) (Subject)
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SC 13D/A - MILLICOM INTERNATIONAL CELLULAR SA (0000912958) (Subject)
SC 13D/A - MILLICOM INTERNATIONAL CELLULAR SA (0000912958) (Subject)