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Millicom International Cellular S.A. (TIGO) is a prominent telecommunications company based in Luxembourg, specializing in providing fixed line and mobile services. Operating under the Tigo brand, Millicom has a significant presence in emerging markets across Latin America. The company delivers a range of telecom services including wireless and fixed-line solutions in countries such as Bolivia, Nicaragua, Panama, El Salvador, Guatemala, Paraguay, Colombia, Costa Rica, and Honduras. Notably, Millicom owns 100% of its operations in most of these countries, with a 50% stake in Colombia and 67% in Honduras.
Millicom's robust infrastructure supports comprehensive telecommunications services for millions. Its fixed-line networks reach approximately 13 million homes, while its wireless networks cover about 120 million people. The company is known for providing converged packages that can include fixed-line phone services, broadband, and pay television, along with its wireless offerings. This integrated approach allows Millicom to meet diverse consumer needs in less developed regions.
In 2024, Millicom plans to carve out its infrastructure assets and mobile financial services business, aiming to optimize its operations and enhance shareholder value. The company's focus on emerging markets and its strategic initiatives reflect its commitment to growth and adaptation in a rapidly evolving industry.
Recent developments include a share repurchase activity, which indicates the company’s confidence in its financial health and future prospects. This move is expected to provide value to shareholders and demonstrates Millicom’s proactive approach to managing its equity base.
Millicom’s financial performance and strategic initiatives are continually tracked and updated through various channels, ensuring stakeholders have access to the latest information on the company’s performance and market activities.
Millicom (Tigo) has released its 2022 Annual Report, titled "Connect. Grow. Thrive", highlighting a robust business performance amid challenging macroeconomic conditions. The report indicates a 32% increase in revenue, reaching $5.6 million, with a 3.5% organic service revenue growth for the second consecutive year. Key initiatives include a commitment to reduce GHG emissions and achieve gender balance in management by 2030. Millicom's investments in broadband networks in Central America total $1.05 billion, including a recent $350 million increase. The company serves 40.6 million mobile customers and has expanded its 4G network to cover 80% of the population in Latin America.
Millicom (Tigo) released its 2022 Annual Report, highlighting a robust year with significant achievements and growth potential in Latin America. The company exited Africa and focused exclusively on its Latin American markets, yielding a positive organic service revenue growth of 3.5%. Millicom generated $5.6 billion in revenue, a 32% increase year-over-year, and expanded its 4G network coverage to 80% of its footprint. The report outlines ambitious operational and ESG targets, including a 50% reduction in greenhouse gas emissions by 2030. Notably, Millicom committed $700 million for network expansion in Central America, demonstrating its dedication to enhancing connectivity in the region.
Millicom (TIGO) announced the filing of a standard form for notification of major holdings with the CSSF on February 14, 2023. This regulatory document is crucial for compliance, as it informs stakeholders regarding significant ownership changes.
Millicom, headquartered in Luxembourg, is a prominent provider of telecommunications services in Latin America, catering to over 45 million customers through various brands and digital services. For detailed information, stakeholders can refer to the attached regulatory filings.
Millicom (TIGO) has filed a standard form for notification of major holdings with the CSSF regulatory authority. This filing was formally announced on February 13, 2023. The document serves to notify relevant stakeholders of significant changes in major shareholdings within the company.
As a leading telecommunications provider in Latin America, Millicom offers an array of services under its TIGO® brand, which include mobile and fixed-line telecommunications, digital services, and financial solutions. The latest filing underscores the company's commitment to transparency and compliance in financial reporting.
Millicom (TIGO) reported strong financial results for Q4 and the full year 2022, achieving an Equity Free Cash Flow of $171 million, aligned with its budget and three-year target. The company experienced an 8.4% growth in organic OCF despite a challenging macroeconomic landscape. Millicom expanded its mobile and fiber services, reaching 12.6 million homes with 730,000 fiber connections. Notably, it introduced 5G in Guatemala and focused on enhancing its B2B services. The leadership expressed confidence in continued performance improvement in 2023, underlining the team's dedication and successful operational strategies.
Millicom (TIGO) has announced the upcoming release of its fourth quarter and annual 2022 financial results on February 10, 2023. A video conference will be held at 14:00 Stockholm / 13:00 London / 08:00 Miami for global investors and analysts to discuss the results.
Participants must register for the event via a provided link, with call-in options available for those wishing to join in listen-only mode. Millicom provides telecommunications services across Latin America, serving over 45 million customers as of December 31, 2022, and employs approximately 20,000 people.
Millicom (Tigo) has unveiled a new fiber network along the Bioceanic Corridor, enhancing direct connectivity between Bolivia and Paraguay for the first time. This 1,000 km redundant fiber route is part of a larger project aimed at connecting the Atlantic and Pacific Oceans, significantly improving digital connectivity across South America. The project increases regional network efficiency and supports economic growth, as stated by CEO Mauricio Ramos. Millicom's infrastructure investment is intended to empower businesses in adapting to new technology demands, thereby enhancing customer service across various sectors.
Millicom (Tigo) has confirmed ongoing discussions regarding a potential acquisition of all outstanding shares by Apollo Global Management and Claure Group. Despite speculation, the Board of Directors cautions that there is no certainty surrounding the completion, terms, or timing of any potential deal. Millicom provides fixed and mobile telecommunications services in Latin America, reaching over 45 million customers as of December 31, 2022. The company emphasizes its commitment to transparency under the EU Market Abuse Regulation.
Tigo Guatemala announced early tender results for its offer to purchase up to U.S.$90 million of 5.125% senior notes due 2032. As of November 18, 2022, U.S.$18.83 million in notes were validly tendered. The Early Settlement Date is set for November 21, 2022, with a Total Consideration of U.S.$822.50 per U.S.$1,000 principal, including an Early Tender Payment of U.S.$30.00. The offer will expire on December 5, 2022, but holders who tender later will also receive the same Total Consideration.
Tigo Paraguay has announced early tender results for its 5.875% senior notes due 2027, with up to U.S. $55 million in aggregate principal available for purchase. As of November 18, 2022, U.S. $47.019 million of these notes had been tendered. The Total Consideration for each U.S. $1,000 principal amount accepted is U.S. $927.50, including an early tender payment of U.S. $30.00. The Early Settlement Date is expected on November 21, 2022, while the tender offer will expire on December 5, 2022.
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