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) provides essential telecommunications services across Latin America, specializing in mobile connectivity and broadband solutions for emerging markets. This dedicated news hub offers investors and stakeholders immediate access to official company announcements and verified industry updates.
Track all critical developments through curated press releases covering quarterly earnings, infrastructure investments, strategic partnerships, and regulatory milestones. Our repository ensures transparent access to operational updates about TIGO's mobile network expansions, fixed-line service enhancements, and digital innovation initiatives.
Key content includes executive leadership statements, market penetration reports, and technology deployment announcements. Users benefit from chronological organization of material spanning financial results, service launches, and corporate responsibility updates across TIGO's operational countries.
Bookmark this page for streamlined monitoring of Millicom's progress in delivering converged telecom solutions. Check regularly for real-time updates on how TIGO addresses Latin America's evolving connectivity needs through scalable network infrastructure and customer-focused services.
Millicom (Tigo) has scheduled the release of its first quarter 2025 financial results for May 8, 2025. The company will host a video conference for the global financial community on the same day at:
- 14:00 Luxembourg time
- 13:00 London time
- 08:00 Miami time
Participants must pre-register for the interactive event through a provided link. A listen-only option is available via dial-in numbers for US, Sweden, UK, and Luxembourg participants. Presentation slides and event replay will be accessible on Millicom's investor website. For additional information, investors can contact Michel Morin (VP Investor Relations), while media inquiries should be directed to Sofia Corral (Director Corporate Communications).
Millicom (Tigo) has received confirmation from SEB regarding the completion of share sales following its Swedish Depositary Receipts (SDRs) delisting from Nasdaq Stockholm on March 17, 2025. SEB, acting as the SDR program custodian bank, has successfully sold approximately 5,110,103 shares that remained unclaimed by SDR holders after the delisting process.
The company's common shares are now exclusively listed on the Nasdaq Stock Market in the United States. Former SDR holders are expected to receive their pro-rata distribution of the net proceeds from these sales in early May.
Millicom International Cellular (TIGO) has announced its Annual General Meeting (AGM) and Extraordinary General Meeting (EGM) to be held on May 21, 2025, in Luxembourg. The company plans to distribute a significant dividend of USD 3 per share to be paid in four equal installments between July 2025 and April 2026.
Key financial highlights include a profit of USD 75.9 million for fiscal year 2024 and unappropriated net profits carried forward of USD 2.3 billion. The company has already distributed interim dividends totaling approximately USD 297 million.
The meetings will address various agenda items including board member elections, with proposals to set the number of Directors at 8 and elect Maxime Lombardini as Chair. Shareholders will also vote on amendments to the company's articles of association and a Share Repurchase Plan.
Millicom (Tigo) has released its 2024 Annual Report, highlighting a transformative year in Latin America's telecommunications industry. The report includes Millicom International Cellular S.A.'s standalone financial statements for 2024.
CEO Marcelo Benitez and Chairman Maxime Lombardini emphasized Tigo's strategic position with its comprehensive infrastructure including fixed and mobile networks, digital platforms, and diverse content offerings spanning cable, entertainment, and cloud solutions. The company has evolved to become more focused and agile, maintaining consistent financial performance while expanding digital access across Latin America.
Millicom (Tigo) has completed its delisting from Nasdaq Stockholm, with the final trading day occurring on March 17, 2025. As of March 24, 2025, SEB, the custodian bank for Swedish Depositary Receipts (SDRs), reported that holders of SDRs representing approximately 5,110,103 underlying common shares had not completed the necessary steps to withdraw their shares.
In accordance with SDR terms and conditions, SEB will initiate the sale of these common shares on behalf of the holders who have not withdrawn their shares. The company has made detailed information about the delisting process available through previous press releases and on their website's dedicated 'Nasdaq Stockholm Delisting & Interim Dividend' section.
Millicom (Tigo) announced that Atlas S.A.S., a closely associated person with board member Jules Niel, acquired 344,797 Swedish Depository Receipts (SDRs) on March 17, 2025. The transaction was executed on Nasdaq Stockholm at an average price of SEK 299.77 per SDR.
The acquisition was conducted through an investment bank mandate to ensure compliance with insider trading regulations, with investment decisions made without access to material non-public information. While Jules Niel holds no direct shares in Millicom, he is part of the Niel family group that beneficially owns Atlas.
Millicom (TIGO) has announced changes to its Board of Directors ahead of the Annual General Meeting scheduled for May 21, 2025. The Nomination Committee has proposed the election of Pierre-Alain Allemand as a new board member, highlighting his extensive technical experience in telecommunications and emerging markets.
The committee also proposed the re-election of seven current board members: Maxime Lombardini, Jules Niel, Pierre-Emmanuel Durand, María Teresa Arnal, Bruce Churchill, Blanca Treviño de Vega, and Justine Dimovic. Additionally, Maxime Lombardini has been nominated to serve as Chair of the Board.
Current board member Tomas Eliasson has decided not to seek re-election. The Nomination Committee comprises Jules Niel (Chair, appointed by Atlas), Jan Dworsky (Swedbank Robur Funds), Gerardo Zamorano (Brandes Investment Partners), and Maxime Lombardini.
Millicom (Tigo) has announced that Atlas S.A.S., a company closely associated with board member Jules Niel, acquired Millicom Swedish Depository Receipts (SDRs) on March 14, 2025, through transactions on Nasdaq Stockholm.
The acquisition was executed through an investment bank mandate to ensure individuals making investment decisions had no access to material non-public information. While Jules Niel holds no direct shares in Millicom, he is part of the Niel family group that beneficially owns Atlas. The transaction details are available on Millicom's website in the personal trading section.
Millicom (Tigo) has provided an update on its share repurchase program announced on November 29, 2024. Between March 10-14, 2025, the company repurchased 315,930 Swedish Depository Receipts (SDRs) and 736,800 common shares through Nasdaq Stockholm and Nasdaq Stock Market, executed by Citigroup Global Markets.
Following these transactions, Millicom now holds 3,847,564 treasury shares as of March 14, 2025, out of a total of 172,096,305 outstanding shares. The repurchase program is being conducted in accordance with Article 5 of MAR and the Commission Delegated Regulation No 2016/1052 (Safe Harbour Regulation).
Millicom (Tigo) has signed a definitive agreement to acquire Telefonica's 67.5% controlling stake in Coltel, following their July 31, 2024 announcement. The purchase price is set at $400 million, which adjusts to $362 million as of September 30, 2024, considering net debt, working capital, and forex changes.
Millicom will also extend an offer to purchase the remaining 32.5% stake owned by La Nación and other investors at the same price per share. The merger aims to create a stronger telecom entity in Colombia with enhanced capabilities for network and spectrum investments. Additionally, Millicom has reiterated its offer to acquire its partner's 50% stake in UNE at a valuation multiple comparable to the Coltel acquisition.
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