Millicom International Cellular upgraded by Scotiabank
$TIGO
Telecommunications Equipment
Telecommunications
Scotiabank upgraded Millicom International Cellular from Sector Perform to Sector Outperform
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| 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 |
6-K - MILLICOM INTERNATIONAL CELLULAR SA (0000912958) (Filer)
6-K - MILLICOM INTERNATIONAL CELLULAR SA (0000912958) (Filer)
6-K - MILLICOM INTERNATIONAL CELLULAR SA (0000912958) (Filer)
SC 13D/A - MILLICOM INTERNATIONAL CELLULAR SA (0000912958) (Subject)
SC 13D/A - MILLICOM INTERNATIONAL CELLULAR SA (0000912958) (Subject)
SC 13D/A - MILLICOM INTERNATIONAL CELLULAR SA (0000912958) (Subject)
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
Notification of transaction by Directors of Millicom (Tigo) Luxembourg, January 15, 2025 – Millicom International Cellular S.A. ("Millicom" or the "Company") announces that, on January 11, 2025, three directors of Millicom received shares of Atlas Investissement ("Atlas"), a major indirect shareholder of the Company, pursuant to an incentive program offered by Atlas, dated January 11, 2024, as follows: Maxime Lombardini, Chair of the Board of Directors of Millicom, received 11 Atlas sharesJules Niel, Director of Millicom, received 2 Atlas sharesPierre-Emmanuel Durand, Director of Millicom, received 11 Atlas shares Details of the transaction are recorded on the personal trading section o
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) share repurchase activity Luxembourg, January 13, 2025 - Pursuant to the share repurchase program announced on November 29, 2024, Millicom repurchased 400,821 of its Swedish Depository Receipts (SDRs) and 146,632 of its common shares between January 6, 2025, and January 10, 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) 2025-01-06 36 700 24.9620 916 105 2025-01-07 101 821 273.0227 27 799 444 36 700 25.0157 918 076 2025-01-08 100 000 277.3
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
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