STOCK TITAN
  1. Home
  2. News
  3. TIGO

Millicom Intl Cellular S A - TIGO STOCK NEWS

Welcome to our dedicated page for Millicom Intl Cellular S A news (Ticker: TIGO), a resource for investors and traders seeking the latest updates and insights on Millicom Intl 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

Millicom (Tigo) Board of Directors Appoints Marcelo Benitez as CEO

Rhea-AI Summary
Millicom (Tigo) appoints Marcelo Benitez as CEO, effective June 1, 2024. Benitez, with a 30-year career at the company, previously served as CEO of TIGO Panama. The appointment follows a rigorous succession planning process to ensure a visionary leader for the company's strategic plans.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.64%
Tags
management
-
News

Millicom announces the re-issuance of its AGM and EGM Convening Notice

Rhea-AI Summary
Millicom announces the re-issuance of its AGM and EGM Convening Notice, with a rectified note to the AGM agenda item 20 (Share Repurchase Plan). The meetings are scheduled for May 23, 2024. All other items remain unchanged. Updated AGM voting materials are available on the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.88%
Tags
none
-
News

Millicom (Tigo) share repurchase activity  

Rhea-AI Summary
Millicom (Tigo) conducted a share repurchase activity, repurchasing 38,891 Swedish Depository Receipts between April 15, 2024, and April 19, 2024. The purchases were made at varying daily average prices, totaling approximately SEK 7,347,409. The repurchase program aims to comply with regulatory provisions and enhance shareholder value.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.15%
Tags
buyback
News

Millicom’s Nomination Committee’s proposal for Board of Directors

Rhea-AI Summary
Millicom's Nomination Committee has proposed the election of new Directors and the re-election of existing ones for the Board of Directors. Maxime Lombardini and Justine Dimovic are nominated as new Directors, with Mauricio Ramos proposed as the Chair of the Board. Pernille Erenbjerg and Michael Golan will not seek re-election. The Nomination Committee aims to strengthen oversight of operational and financial performance, capital allocation, and strategic direction.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.41%
Tags
management
-
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.41%
Tags
none
-
News

Millicom (Tigo) share repurchase activity

Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.79%
Tags
buyback
News

Millicom (Tigo) share repurchase activity

Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.79%
Tags
buyback
-
News

Millicom (Tigo) completes issuance of 7.375% $450 million Senior Notes due 2032

Rhea-AI Summary
Millicom (Tigo) successfully completes the issuance of $450 million Senior Notes due 2032, aiming to repay existing debts and for general corporate purposes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.49%
Tags
none
-
News

Millicom (Tigo) share repurchase activity

Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.79%
Tags
buyback
News

Remuneration of Executives by distribution of Millicom (Tigo) shares

Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.12%
Tags
none

FAQ

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

The current stock price of Millicom Intl Cellular S A (TIGO) is $26.91 as of February 21, 2025.

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

The market cap of Millicom Intl 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.
Stock TIGO logo
Millicom Intl Cellular S A

Nasdaq:TIGO

TIGO Rankings

#rank Ranked by Market Cap
#rank Ranked by Dividends

TIGO Stock Data

4.51B
169.08M
1.76%
4.89%
0.47%
Telecom Services
Communication Services
Link
Luxembourg
Luxembourg