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Millicom International Cellular S.A. - TIGO STOCK NEWS

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.

News

Convening Notice for Annual General Meeting and Extraordinary General Meeting of Shareholders

Rhea-AI Summary
Millicom International Cellular S.A. convenes its Annual General Meeting and Extraordinary General Meeting of Shareholders on May 23, 2024, in Luxembourg. Shareholders will vote on agenda points outlined in the notice.
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Millicom (Tigo) share repurchase activity

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Millicom (Tigo) repurchased 32,853 of its Swedish Depository Receipts (SDRs) between April 8, 2024, and April 12, 2024, as part of the share repurchase program announced in December 2023. The purchases were made at varying daily average prices, totaling approximately SEK 7.6 million. Following the transactions, Millicom holds 766,703 treasury shares, with a total of 172,096,305 shares outstanding.
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Millicom (Tigo) share repurchase activity

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Millicom (Tigo) conducted a share repurchase program, repurchasing 27,945 Swedish Depository Receipts between April 2, 2024, and April 5, 2024. The purchases were made at daily average prices ranging from SEK 215.303 to SEK 218.490, totaling SEK 5,074,759. The company now holds 733,850 treasury shares out of 172,096,305 outstanding shares.
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Millicom (Tigo) completes issuance of 7.375% $450 million Senior Notes due 2032

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Millicom (Tigo) successfully completes the issuance of $450 million Senior Notes due 2032, aiming to repay existing debts and for general corporate purposes.
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Millicom (Tigo) share repurchase activity

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Millicom (Tigo) repurchased 23,831 of its Swedish Depository Receipts (SDRs) between March 25, 2024, and March 28, 2024, as part of the share repurchase program. The purchases were made at varying daily average prices, totaling a repurchase amount of SEK 4,208,206. Following the transactions, Millicom holds 705,905 treasury shares out of 172,096,305 outstanding shares.
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Remuneration of Executives by distribution of Millicom (Tigo) shares

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Millicom International Cellular S.A. distributes shares to executives as part of its performance share-based compensation plan. The company allocated 158,934 shares to eligible participants, including executive management, following the terms set at the 2021 annual general meeting of shareholders. For more details, visit Millicom's website.
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Millicom (Tigo) announces proposed Offering of Senior Notes due 2032

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Millicom (Tigo) announces a private offering of Senior Notes due 2032 to repay existing indebtedness and for general corporate purposes.
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Millicom (Tigo) announces a new appointment in its executive team

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Millicom (Tigo) announces the appointment of Bart Vanhaeren as the new Chief Financial Officer (CFO) following the planned succession process. Bart will succeed Sheldon Bruha, who played a key role in driving cost-efficiency programs and developing financial talent within the company. Bart, a fourteen-year veteran of Millicom, has extensive experience in senior financial and management roles. CEO Mauricio Ramos expressed gratitude to Sheldon for his contributions and congratulated Bart on his promotion.
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Millicom (Tigo) share repurchase activity

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Millicom (Tigo) has repurchased 25,625 of its Swedish Depository Receipts (SDRs) between March 18, 2024, and March 22, 2024, as part of the share repurchase program. The daily average price paid ranged from SEK 199.55 to SEK 205.24. Following the purchases, Millicom holds 1,013,486 treasury shares as of March 22, 2024.
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Millicom (Tigo) share repurchase activity

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Millicom (Tigo) repurchases 30,128 Swedish Depository Receipts as part of the share repurchase program. The purchases were made between March 11, 2024, and March 15, 2024, with details of the number of SDRs repurchased, daily average price paid, and total repurchase amount provided. Citigroup Global Markets facilitated the purchases on Nasdaq Stockholm. Millicom now holds 987,861 treasury shares out of 172,096,305 total shares outstanding, in compliance with regulatory provisions.
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FAQ

What is the current stock price of Millicom International Cellular S.A. (TIGO)?

The current stock price of Millicom International Cellular S.A. (TIGO) is $26.2 as of November 18, 2024.

What is the market cap of Millicom International Cellular S.A. (TIGO)?

The market cap of Millicom International Cellular S.A. (TIGO) is approximately 4.5B.

What does Millicom International Cellular S.A. do?

Millicom International Cellular S.A., operating under the Tigo brand, provides fixed line and mobile telecommunications services in emerging markets across Latin America.

Which countries does Millicom serve?

Millicom serves several Latin American countries including Bolivia, Nicaragua, Panama, El Salvador, Guatemala, Paraguay, Colombia, Costa Rica, and Honduras.

What services does Millicom offer?

Millicom offers wireless and fixed-line telecom services, including fixed-line phone, broadband, pay television, and converged service packages.

What are Millicom's recent achievements?

Recent achievements include the planned carve-out of its infrastructure assets and mobile financial services business in 2024, and a share repurchase activity indicating financial confidence.

How extensive is Millicom's network coverage?

Millicom's fixed-line networks reach 13 million homes, while its wireless networks cover approximately 120 million people.

Who owns Millicom's operations in Latin America?

Millicom owns 100% of its operations in Bolivia, Nicaragua, Panama, El Salvador, Guatemala, Paraguay, and Costa Rica. It holds 50% in Colombia and 67% in Honduras.

What is Millicom's strategic focus for 2024?

Millicom plans to carve out its infrastructure assets and mobile financial services business to streamline operations and enhance shareholder value.

What is the significance of Millicom's share repurchase activity?

The share repurchase activity reflects Millicom's confidence in its financial health and future prospects, aiming to provide value to shareholders.

How does Millicom communicate financial performance and updates?

Millicom regularly updates stakeholders on its financial performance and strategic initiatives through various communication channels, ensuring transparency.

What is Millicom's approach to market adaptation?

Millicom focuses on emerging markets, offering integrated telecom services and continuously adapting its strategies to meet evolving consumer needs and market dynamics.

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Millicom International Cellular S.A.

Nasdaq:TIGO

TIGO Rankings

#1368 Ranked by Market Cap
N/A Ranked by Dividends

TIGO Stock Data

4.51B
171.50M
1.78%
5.09%
0.04%
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