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 |
---|---|---|---|
6/17/2025 | $37.00 | Sector Outperform → Sector Perform | Scotiabank |
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 |
Millicom (Tigo) Strengthens South American Leadership with USD 380 Million Acquisition of Telefónica Ecuador Key Highlights: The acquisition reinforces Millicom's strategic position and operating scale in Latin America, strengthening its platform for long-term regional growth.The acquisition also enhances Millicom's geographic diversification, with the addition of Ecuador — a stable, dollarized economy with a supportive macroeconomic outlook — strengthening overall cash flow resilience.Ecuador's telecom sector shows consistent growth and regulatory momentum, offering a solid runway for long-term expansion and innovation. Luxembourg, June 13, 2025 – Millicom International Cellular
Millicom (Tigo) Announces Partial Closing of Infrastructure Deal with SBA and Intention to Declare a Special Dividend of $2.50 per Share Representing Around 45% of the Proceeds Luxembourg, June 13, 2025 – Millicom International Cellular S.A. (NASDAQ:TIGO) today announced the partial closing of its previously disclosed transaction with SBA Communications Corporation (NASDAQ:SBAC), through the sale of LATI International S.A., the Luxembourg-based holding company for Millicom's mobile passive infrastructure assets in Central America. To date, completed closings have generated approximately $600 million in proceeds, with the remainder of the approximately $975 million transaction expected to cl
Millicom (Tigo) to Acquire Telefónica's Operations in Uruguay for USD 440 Million, Expanding Presence in South America Key Highlights: Acquisition strengthens Millicom's presence and scale across South America.Expected to be EFCF accretive starting in 2026.Diversifies Millicom's cash flow sources in a country with a favorable macroeconomic outlook and investment-grade credit rating.Significant synergies anticipated across network, operations, and commercial integration.Positive market outlook supported by a stable regulatory environment and strong mobile market fundamentals, providing a solid foundation for sustainable growth. Luxembourg, May 21, 2025 — Millicom International Cellular S.A
Millicom (Tigo) cancels 3,096,305 treasury shares Luxembourg, May 21, 2025 – The Board of Directors of Millicom International Cellular S.A. ("Millicom" or the "Company") approved the cancellation of 3,096,305 shares that will not be used for compensation programs, pursuant to the authorization granted by the extraordinary general meeting of shareholders held today and the share repurchase plan approved by the annual general meeting of shareholders held on May 23, 2024. As a result, the Company's issued share capital will be reduced to USD 253,500,000, represented by 169,000,000 shares. Article 5 of the articles of association of Millicom will be amended as follows: "The Company has an
Results of the Millicom (Tigo) AGM and EGM held today Luxembourg, May 21, 2025 – Millicom International Cellular S.A. ("Millicom") held its Annual General Meeting ("AGM") and Extraordinary General Meeting ("EGM") of shareholders today. All of the AGM and EGM resolutions proposed by the Board of Directors and its Nomination Committee were adopted by Millicom's shareholders. Resolving in favor of all the Nomination Committee's proposals, the AGM set the number of directors at eight and re-elected María Teresa Arnal, Bruce Churchill, Blanca Treviño de Vega, Jules Niel, Pierre-Emmanuel Durand, Maxime Lombardini, and Justine Dimovic as Directors, and elected Pierre Alain Allemand as a new Di
Millicom (Tigo) Q1 2025 Earnings Release Luxembourg, May 8, 2025 – Millicom is pleased to announce its first quarter 2025 results. Please find below links to the Q1 2025 Earnings Release and IAS 34 Interim Condensed Consolidated Financial Statements. Q1 2025 Highlights* Revenue $1.37 billion Operating profit $423 million, and Adjusted EBITDA $636 million Net income $193 million, including approximately $95 million in one-time gains Equity free cash flow $135 million, excluding $42 million of net proceeds from disposals - leverage 2.47x Robust customer net additions: 262,000 Postpaid Mobile and 62,000 Home FTTH/HFC Financial highlights ($ millions) Q1 2025
Millicom (Tigo) notice of first quarter 2025 results and video conference Luxembourg, April 29, 2025 – Millicom expects to announce its first quarter 2025 results on May 8, 2025, via a press release. Millicom is planning to host a video conference for the global financial community on May 8, 2025, at 14:00 pm (Luxembourg) / 13:00 (London) / 08:00 (Miami). Registration for the interactive event is required at the following link. Participants may also join the conference in listen-only mode by dialing any of the following numbers and entering the Webinar ID: 844 3411 0044 US: +1 929 205 6099 Sweden: +46 850 539 728 UK: +44 330 088 5830
SEB informs Millicom (Tigo) it has completed the sale of shares Luxembourg, April 23, 2025 – Millicom International Cellular S.A. ("Millicom") completed the delisting of its Swedish Depositary Receipts (SDRs) from Nasdaq Stockholm on March 17, 2025, resulting in the Nasdaq Stock Market in the United States being the sole exchange where its common shares are listed. SEB, the SDR program custodian bank, informed Millicom today that it has completed the sale of approximately 5,110,103 shares underlying the SDRs that had not been withdrawn by the SDR holders prior to the delisting. Net proceeds from the sales are expected to be distributed pro rata to these former SDR holders in early May. -E
Convening Notice for Annual General Meeting and Extraordinary General Meeting of Shareholders MILLICOM INTERNATIONAL CELLULAR S.A.Registered Address:148-150, Boulevard de la Pétrusse L-2330, Grand Duchy of Luxembourg– R.C.S. Luxembourg: B40630 – 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 Novotel Luxembourg Centre 35 Rue du Laboratoire | L-1911 Luxembourg on Wednesday, May 21, 2025, at 1:00 p.m. Central European Time ("CET"). To attend the AGM and EGM or vote by proxy, please follow the
Millicom (Tigo) releases its 2024 Annual Report, marking a year of transformation in Latin America's telecommunications industry Luxembourg, April 08, 2025 –Millicom, a leading provider of fixed and mobile services in Latin America, announces today the release of its 2024 Annual Report, which includes the standalone financial statements of Millicom International Cellular S.A. for the year 2024. This year's report reflects a period of profound transformation for the company, driven by a renewed strategic focus, operational efficiency, and a commitment to expanding digital inclusion across Latin America. "Millicom (Tigo) is uniquely positioned to seize the opportunities this new era presen