Welcome to our dedicated page for Millicom International Cellular S.A. news (Ticker: TIGO), a resource for investors and traders seeking the latest updates and insights on Millicom International Cellular S.A. stock.
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 International Cellular S.A. announced on April 7, 2021, the distribution of 48,531 treasury shares to its executive management team as part of its performance share-based compensation plan, approved at the 2018 annual general meeting. This distribution aligns with the company's commitment to rewarding its executives based on performance metrics. The details of the shares' distribution are available on Millicom's website.
Tigo Business has partnered with Amazon Web Services (AWS) to enhance its cloud services across Central America, Colombia, and Panama. This collaboration aims to integrate AWS into Tigo's Multi-Cloud Managed Services, providing essential services such as cloud consulting, migration, and management. The initiative is part of Tigo's efforts to accelerate digital transformation for its more than 300,000 B2B customers, leveraging a robust fiber optic network and specialized engineering teams. This strategic partnership reflects a commitment to technological advancement in the region.
Millicom held a virtual Women’s History Month webinar titled Empowering Women featuring industry leaders discussing leadership and inclusion in tech. Moderated by Carolina Amoroso, the event highlighted insights from Susy Bobenrieth, Millicom’s Chief Human Resources Officer, and Doreen Bogdan-Martin from the ITU. They emphasized the importance of women in tech and building strong networks. Millicom aims to bridge the digital gender divide while enhancing connectivity across Latin America. CEO Mauricio Ramos was recently appointed to the Broadband Commission for Sustainable Development.
Millicom announces the appointment of CEO Mauricio Ramos to the Broadband Commission for Sustainable Development. The Commission, established in 2010 by ITU and UNESCO, aims to enhance broadband's role in international policy and bridge the digital divide. Ramos expressed his commitment to fostering a sustainable digital ecosystem and attracting investment to improve connectivity and development in Latin America. The Commission includes over 50 industry leaders advocating for secure and sustainable broadband services.
Millicom Announces Board Nominations Ahead of AGM
Millicom International Cellular S.A. has proposed the election of Bruce Churchill, Sonia Dulá, and Lars-Johan Jarnheimer as new Non-Executive Directors before its Annual General Meeting on May 4, 2021. José Antonio Rios García will be re-elected as Chairman, alongside other board members. Churchill brings over 30 years of media industry experience, while Dulá and Jarnheimer possess extensive backgrounds in banking, technology, and telecommunications. The changes aim to strengthen Millicom's strategic and operational oversight in Latin America.
Millicom International Cellular S.A. has announced the convening of its Annual General Meeting (AGM) set for May 4, 2021, at 2:00 PM CET. Due to COVID-19, the meeting will be held virtually, and physical attendance is not allowed. Key agenda items include the approval of the 2020 annual accounts, election of directors, and approval of a share repurchase plan. Shareholders must vote by proxy, with submission deadlines for proxies on April 28, 2021. Millicom has 101,739,217 shares outstanding, and decisions require a simple majority.
Millicom (TIGO) released its 2020 Annual Report, focusing on resilience amidst the COVID-19 pandemic. The report emphasizes three key commitments: safety for teams and communities, maintaining market leadership, and enhancing digital connectivity. Highlights include adding 2.3 million mobile customers, achieving $1.5 billion in underlying operating cash flow, and reaching over 300,000 international customers through Tigo Business. The company celebrates 30 years of pioneering the digital landscape and remains dedicated to promoting economic growth across Latin America and Africa.
Millicom International Cellular (NASDAQ: TIGO) announced on March 8, 2021, the distribution of 42,833 treasury shares to its executive management under its deferred share-based compensation plan. These distributions align with the company’s previously approved plans from its 2018 to 2020 general meetings. This move aims to reward executive performance and enhance alignment with shareholder interests. More details on the distributions can be found on Millicom's website.
Millicom International Cellular S.A. announced its participation in the JP Morgan Global High Yield & Leveraged Finance Conference on March 3, 2021, at 10:00 am EST. CFO Tim Pennington will discuss the company's resilient cash flow, strong customer growth in 2020, and a commitment to reducing net debt in 2021. Millicom provides fixed and mobile services in emerging markets, serving approximately 55 million customers and employing over 21,000 people. The company is dedicated to high-speed broadband and digital lifestyle services.
Millicom CEO Mauricio Ramos addressed the AACCLA Outlook on the Americas 2021 conference, emphasizing the importance of digital connectivity in post-COVID-19 recovery. He highlighted the need for a flexible regulatory framework to enhance telecommunications, positioning the sector as vital for economic reactivation. Ramos, recently elected Chair of the U.S.-Colombia Business Council, reaffirmed Millicom's commitment to expanding 4G networks across Latin America in preparation for future 5G evolution. The conference underscored vital digital priorities for the region.
FAQ
What is the current stock price of Millicom International Cellular S.A. (TIGO)?
What is the market cap of Millicom International Cellular S.A. (TIGO)?
What does Millicom International Cellular S.A. do?
Which countries does Millicom serve?
What services does Millicom offer?
What are Millicom's recent achievements?
How extensive is Millicom's network coverage?
Who owns Millicom's operations in Latin America?
What is Millicom's strategic focus for 2024?
What is the significance of Millicom's share repurchase activity?
How does Millicom communicate financial performance and updates?
What is Millicom's approach to market adaptation?
