Millicom Intl Cellular S A Stock Price, News & Analysis

Millicom (NASDAQ:TIGO) reported strong Q2 2025 results with revenue of $1.37 billion and record Adjusted EBITDA of $641 million. The company achieved a significant net profit of $676 million, largely driven by approximately $590 million from infrastructure transactions.

Key highlights include $218 million in equity free cash flow and leverage reduction to 2.18x, supported by $542 million in infrastructure transaction proceeds. The company announced strategic expansion through the acquisition of Telefónica's operations in Uruguay and Ecuador, and approved a special interim dividend of $2.50 per share.

Millicom maintains its 2025 targets of $750 million in equity free cash flow and year-end leverage below 2.5x, reflecting efficiency savings and lower restructuring costs, while accounting for weaker projected forex rates.

Millicom (NASDAQ:TIGO) has announced an interim dividend of $2.50 per share, to be distributed in two equal installments of $1.25 each. The first payment is scheduled for October 15, 2025, with a record date of October 8, 2025, while the second payment will be made on April 15, 2026, with a record date of April 8, 2026.

The dividend payments will be made in U.S. dollars and will be subject to a 15% Luxembourg withholding tax. Shareholders may be eligible for reduced withholding tax rates under certain conditions and are advised to consult their tax advisors regarding potential tax implications.

Millicom (NASDAQ:TIGO) has announced it will release its second quarter 2025 financial results on August 7, 2025. The company will host a video conference for the global financial community on the same day at 14:00 Stockholm time (13:00 London / 08:00 Miami).

Participants must pre-register for the interactive event, and those wishing to ask questions during the live session need to notify the Investor Relations team via email. A listen-only option is available through various international dial-in numbers. Presentation slides and a replay will be made available on Millicom's investor website.

Millicom (Tigo) has signed a definitive agreement to acquire Telefónica's operations in Ecuador for USD 380 million, strengthening its South American presence. The acquisition provides entry into Ecuador's growing telecom market, characterized by a stable, dollarized economy with favorable macroeconomics. Ecuador, with a population of 18.5 million and improving fiscal metrics (deficit reduced from 3.5% to 1.4% of GDP), presents strong growth potential in both mobile (+1.4%) and fixed broadband (+3.6%) services. Telefónica Ecuador currently holds the second position in the mobile market. The deal aligns with Millicom's strategic expansion in Latin America and Telefónica's portfolio restructuring goals. The transaction remains subject to regulatory approvals and closing conditions.

Millicom (TIGO) has announced the partial closing of its infrastructure deal with SBA Communications, selling its mobile passive infrastructure assets in Central America through LATI International S.A. The transaction has generated $600 million in proceeds so far, with the total deal value expected to reach approximately $975 million when fully closed in Q3 2025. Following Q2 results, Millicom plans to distribute a special dividend of $2.50 per share, representing about 45% of net proceeds, to be paid in two equal installments of $1.25 on October 15, 2025, and April 15, 2026. This special dividend comes in addition to the previously announced annual dividend of $3.00 per share. The deal demonstrates Millicom's strategy to monetize infrastructure assets while maintaining its leverage target of 2.0-2.5x.

Millicom (TIGO) has announced a definitive agreement to acquire Telefónica Móviles del Uruguay for USD 440 million. The strategic acquisition is expected to be EFCF accretive by 2026 and will strengthen Millicom's presence in South America. The deal targets Uruguay, which boasts the highest GDP per capita in Latin America at USD 22,400 (2024) and maintains an investment-grade credit rating (BBB+).

The acquisition of Telefónica Uruguay, the country's second-largest mobile operator, will enable Millicom to leverage infrastructure and commercial synergies with its existing operations in Paraguay and Bolivia. The transaction will temporarily increase Millicom's leverage by approximately 0.1x. The mobile market in Uruguay has shown consistent growth of about 4% annually since 2022, driven by increasing postpaid adoption and the region's highest ARPU.

Millicom (TIGO) has announced the cancellation of 3,096,305 treasury shares following approval from its Board of Directors. This decision was authorized by the extraordinary general meeting of shareholders on May 21, 2025, and aligns with the share repurchase plan approved at the annual general meeting on May 23, 2024.

As a result of this cancellation, Millicom's issued share capital will be reduced to USD 253,500,000, represented by 169,000,000 shares with a par value of USD 1.50 each. The company's articles of association Article 5 will be amended to reflect these changes.

Millicom (TIGO) held its Annual General Meeting (AGM) and Extraordinary General Meeting (EGM) on May 21, 2025, with shareholders approving all proposed resolutions. Key highlights include: a dividend distribution of USD 3 per share to be paid in four installments between July 2025 and April 2026, the election of eight directors including new Director Pierre Alain Allemand, and Maxime Lombardini as Board Chair. The company approved its 2024 financial statements, re-elected KPMG as external auditor, and authorized a Share Repurchase Plan. The EGM passed amendments to the articles of association, including authorization for share cancellation, removal of Swedish Corporate Governance Code references following NASDAQ Stockholm delisting, and enabling electronic participation in general meetings.

ATIS Group has signed a definitive agreement to acquire Lati Paraguay, a subsidiary of Millicom (NASDAQ: TIGO), which owns approximately 300 wireless communications towers in Paraguay. The deal includes a long-term leaseback arrangement with Tigo Paraguay for continued mobile network operations. Since Towerco Investments LLC's majority acquisition in 2022, ATIS has expanded from 185 sites in Argentina to over 1,000 sites across Argentina, Uruguay, and now Paraguay.

This strategic acquisition strengthens ATIS's position as the region's leading independent tower company and demonstrates its commitment to developing mission-critical assets in the Southern Cone region of Latin America. The transaction, signed on April 26, 2025, is expected to close in the near term.