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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

Millicom (Tigo) releases the 2023 Annual Report

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Millicom (Tigo) announces the release of its 2023 Annual Report, showcasing financial statements for the year. The company is a prominent provider of fixed and mobile services in Latin America.
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Millicom (Tigo) share repurchase activity

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Millicom (Tigo) repurchased 50,684 of its Swedish Depository Receipts (SDRs) between March 4-8, 2024, following a share repurchase program. The purchases were made at daily average prices ranging from SEK 183.978 to SEK 188.20. Citigroup Global Markets Limited conducted the repurchases on Nasdaq Stockholm. Millicom now holds 957,733 treasury shares out of 172,096,305 outstanding shares.
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Millicom (Tigo) share repurchase activity

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Millicom (Tigo) recently announced the repurchase of 52,576 of its Swedish Depository Receipts (SDRs) between February 26, 2024, and March 1, 2024. The repurchases were made at varying daily average prices, totaling to approximately 10 million SEK. This activity was carried out on Nasdaq Stockholm by Citigroup Global Markets Limited on behalf of Millicom.
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Remuneration of Directors and Executives by distribution of Millicom (Tigo) shares

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Millicom International Cellular S.A. announces the distribution of treasury shares to eligible plan participants, including 193,702 shares to its executive management, as part of its deferred share-based compensation plans approved at the 2021, 2022, and 2023 annual general meetings of shareholders.
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Millicom (Tigo) Q4 2023 Earnings Release

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Millicom (Tigo) reports positive financial results for Q4 2023 with revenue growth of 6.8% driven by service revenue up 7.7%. Operating profit declined by 3.8%, while EBITDA grew by 1.6%. Operating cash flow increased by 12.3% for the full year 2023. Equity free cash flow was negative $18 million for the year, impacted by severance costs and increased spectrum renewal activity.
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Millicom (Tigo) appoints Aude Durand to its Board of Directors

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Millicom (Tigo) appoints Aude Durand to its Board of Directors. Aude Durand, with a strong background in the telecommunications industry, joins Millicom following the tragic passing of Nicolas Jaeger. She brings extensive experience from iliad Holding and Orange, holding key positions in various telecom operators and cloud providers. Ms. Durand's academic background includes a Master of Science from Stanford University and an Engineering Degree from Ecole Polytechnique.
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Millicom (Tigo) share repurchase activity

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Millicom (Tigo) repurchases 36,250 SDRs as part of the share repurchase program. The average price paid per SDR and total repurchase amount are detailed. Citigroup Global Markets Limited conducted the purchases on Nasdaq Stockholm. Millicom now holds 1,631,620 treasury shares out of 172,096,305 outstanding shares.
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Millicom Accelerates Fiber Deployments with Harmonic

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Harmonic (HLIT) partners with Millicom (TIGO) to launch XGS-PON fiber-to-the-home broadband, enhancing high-speed internet offerings in Latin America. Millicom leverages Harmonic's cOS platform and hybrid fiber-cable nodes for faster, reliable broadband services.
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Millicom (Tigo) share repurchase activity

Rhea-AI Summary
Millicom (Tigo) repurchased 36,250 of its Swedish Depository Receipts (SDRs) between February 12, 2024, and February 16, 2024, as part of its share repurchase program. The purchases were made at varying daily average prices on Nasdaq Stockholm. Following the transactions, Millicom holds 1,595,370 treasury shares, with a total of 172,096,305 shares outstanding.
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Millicom (Tigo) share repurchase activity

Rhea-AI Summary
Millicom (Tigo) repurchased 259,845 of its Swedish Depository Receipts (SDRs) between February 5, 2024, and February 9, 2024, as part of its share repurchase program. The purchases were made on Nasdaq Stockholm at varying daily average prices. After the repurchase, Millicom holds 1,559,120 treasury shares, with a total of 172,096,305 shares outstanding.
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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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