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    SEC Form 6-K filed by Millicom International Cellular S.A.

    3/18/25 4:30:12 PM ET
    $TIGO
    Telecommunications Equipment
    Telecommunications
    Get the next $TIGO alert in real time by email
    6-K 1 dp226418_6k.htm FORM 6-K

     

     

     

    UNITED STATES

    SECURITIES AND EXCHANGE COMMISSION

    Washington, D.C. 20549

     

    FORM 6-K

     

    REPORT OF FOREIGN PRIVATE ISSUER

    PURSUANT TO RULE 13a-16 OR 15d-16 OF THE  

    SECURITIES EXCHANGE ACT OF 1934

     

    For the month of March, 2025.

     

     

     

    Commission File Number: 001-38763

     

    MILLICOM INTERNATIONAL CELLULAR S.A.

    (Exact Name of Registrant as Specified in Its Charter)

     

    148-150, Boulevard de la Pétrusse

    L-2330 Luxembourg

    Grand Duchy of Luxembourg

    (Address of principal executive office)

     

    Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

     

    Form 20-F x Form 40-F ¨

     

     

     

     

    MILLICOM INTERNATIONAL CELLULAR S.A.

     

    INDEX TO FURNISHED MATERIAL

     

    Item 

    ______

     

    1.Press release dated March 10, 2025.

     

    2.Press release dated March 17, 2025.

     

    3.Press release dated March 17, 2025.

     

    4.Press release dated March 17, 2025.

     

     

     

    Item 1

     

       

     

    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      
    2025-03-04 77 000 270.6014 20 836 308 108 200 25.9010 2 802 488
    2025-03-05 81 000 267.4911 21 666 779 108 200 26.7296 2 892 143
    2025-03-06 84 035 274.0172 23 027 035 108 200 27.9875 3 028 248
    2025-03-07 99 000 288.0058 28 512 574 108 200 28.7114 3 106 573

    * Excluding commissions

     

    All purchases were carried out on Nasdaq Stockholm and on the Nasdaq Stock Market by Citigroup Global Markets Limited and Citigroup Global Markets Inc. respectively, on behalf of Millicom. Following the repurchases, Millicom held 2,794,834 treasury shares as of March 07, 2025. The total number of shares outstanding in Millicom is 172,096,305. The repurchase program is being executed consistent with the provisions of Article 5 of MAR and the Commission Delegated Regulation No 2016/1052 (“Safe Harbour Regulation”).

     

    -END-

     

    For further information, please contact:

     

    Press:
    Sofía Corral, Director Corporate Communications

    [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 of digital services and products, including TIGO Money for mobile financial services, TIGO Sports for local entertainment, TIGO ONEtv for pay TV, high-speed data, voice, and business-to-business solutions such as cloud and security. As of December 31, 2024, Millicom, including its Honduras Joint Venture, employed approximately 14,000 people and provided mobile and fiber-cable services through its digital highways to more than 46 million customers, with a fiber-cable footprint over 14 million homes passed. Founded in 1990, Millicom International Cellular S.A. is headquartered in Luxembourg.

     

     

     

    Item 2

     

       

     

    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
    2025-03-12 110 000 297.8792 32 766 712 161 700 29.8143 4 820 972
    2025-03-13       161 700 29.6426 4 793 208
    2025-03-14       90 000 30.2072 2 718 648

    * Excluding commissions

     

    All purchases were carried out on Nasdaq Stockholm and on the Nasdaq Stock Market by Citigroup Global Markets Limited and Citigroup Global Markets Inc. respectively, on behalf of Millicom. Following the repurchases, Millicom held 3,847,564 treasury shares as of March 14, 2025. The total number of shares outstanding in Millicom is 172,096,305. The repurchase program is being executed consistent with the provisions of Article 5 of MAR and the Commission Delegated Regulation No 2016/1052 (“Safe Harbour Regulation”).

     

    -END-

     

    For further information, please contact:

     

    Press:
    Sofía Corral, Director Corporate Communications

    [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 of digital services and products, including TIGO Money for mobile financial services, TIGO Sports for local entertainment, TIGO ONEtv for pay TV, high-speed data, voice, and business-to-business solutions such as cloud and security. As of December 31, 2024, Millicom, including its Honduras Joint Venture, employed approximately 14,000 people and provided mobile and fiber-cable services through its digital highways to more than 46 million customers, with a fiber-cable footprint over 14 million homes passed. Founded in 1990, Millicom International Cellular S.A. is headquartered in Luxembourg.

     

     

     

    Item 3

     

       

     

    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 Nomination Committee, commented: “The Nomination Committee is pleased to propose the election of Pierre-Alain Allemand as new member of the Board. Pierre-Alain will bring his extensive technical experience in the telecommunication sector and emerging markets.”

     

    Maxime Lombardini, Chair of the Board, added: “On behalf of the Board, the management team, and all shareholders, I would like to extend our gratitude to Tomas Eliasson for his valuable contributions to the Board and the Audit and Compliance Committee. In addition, I look forward to Pierre-Alain joining the Board in May.”

     

    The Nomination Committee’s motivated statement and full proposals are available in the corporate governance section of the Millicom website and will be presented together with the convening notice to Millicom’s AGM, to be held on May 21, 2025.

     

    The Nomination Committee ahead of the 2025 AGM comprised: Jules Niel (appointed by Atlas), designated as Nomination Committee Chair, Jan Dworsky (appointed by Swedbank Robur Funds), Gerardo Zamorano (appointed by Brandes Investment Partners), and Maxime Lombardini (Interim Chair of the Millicom Board of Directors).

     

      -END-

     

     

    For further information, please contact

     

    Press:
    Sofía Corral, Director Corporate Communications
    [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 of digital services and products, including TIGO Money for mobile financial services, TIGO Sports for local entertainment, TIGO ONEtv for pay TV, high-speed data, voice, and business-to-business solutions such as cloud and security. As of December 31, 2024, Millicom, including its Honduras Joint Venture, employed approximately 14,000 people, and provided mobile and fiber-cable services through its digital highways to more than 46 million customers, with a fiber-cable footprint of about 14 million homes passed. Founded in 1990, Millicom International Cellular S.A. is headquartered in Luxembourg.

     

     

     

    Item 4

     

       

     

     

    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 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 material non-public information.

     

    Mr. Jules Niel does not directly hold any Millicom shares, but he is a member of the Niel family group, which beneficially own Atlas. 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 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 of digital services and products, including TIGO Money for mobile financial services, TIGO Sports for local entertainment, TIGO ONEtv for pay TV, high-speed data, voice, and business-to-business solutions such as cloud and security. As of December 31, 2024, Millicom, including its Honduras Joint Venture, employed approximately 14,000 people, and provided mobile and fiber-cable services through its digital highways to more than 46 million customers, with a fiber-cable footprint of about 14 million homes passed. Founded in 1990, Millicom International Cellular S.A. is headquartered in Luxembourg.

     

     

     

    SIGNATURES

     

    Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

     

     

    MILLICOM INTERNATIONAL CELLULAR S.A.

    (Registrant) 

       
       
        By: /s/ Salvador Escalón
          Name: Salvador Escalón
          Title: Executive Vice President, Chief Legal and Compliance Officer

     

    Date: March 18, 2025

     

     

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