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. reports developments in fixed and mobile telecommunications across Latin America through its TIGO and Tigo Business brands. Company news centers on mobile and fiber-cable services, high-speed data, voice, pay TV, mobile financial services, local entertainment and business-to-business cloud and security offerings.
Recurring updates include operating results, network and fiber-capacity investments, regional connectivity agreements, sports-content arrangements, Colombia consolidation through Coltel, senior-note financing and redemption actions, and shareholder meeting matters.
Millicom International Cellular held its Annual General Meeting (AGM) and Extraordinary General Meeting (EGM) on May 23, 2024. All resolutions proposed by the Board and Nomination Committee were adopted. The AGM set the number of directors at nine and re-elected existing members, with Justine Dimovic and Maxime Lombardini joining as new Directors.
The AGM approved the annual accounts for the year ending December 31, 2023, allocating USD 7.56 million to the legal reserve and USD 337.31 million to unappropriated net profits. KPMG was elected as the external auditor, and the Share Repurchase Plan, 2023 Remuneration Report, and Senior Management Remuneration Policy were approved, among others.
The EGM passed resolutions to remove the casting vote of the Chair and restated the Articles of Association to reflect these changes. The minutes will be available on Millicom's website.
Millicom (Tigo) has concluded its share repurchase program, initially announced on December 15, 2023. The company repurchased 17,164 Swedish Depository Receipts (SDRs) between May 20 and May 22, 2024. This brings the total shares repurchased to 2 million, amounting to SEK 375,950,837 (approximately $35 million). These transactions were carried out on Nasdaq Stockholm by Citigroup Global Markets Following these purchases, Millicom now holds 907,839 treasury shares, with a total of 172,096,305 shares outstanding. The repurchase program adheres to Article 5 of MAR and the Commission Delegated Regulation No 2016/1052.
Millicom (Tigo) has repurchased 36,701 of its Swedish Depository Receipts (SDRs) between May 13, 2024, and May 17, 2024, as part of its share repurchase program announced on December 15, 2023. The daily repurchase amounts varied, with 7,577 SDRs repurchased on May 13 at an average price of 245.06 SEK, totaling 1,856,885 SEK, and 7,300 SDRs repurchased on May 17 at an average price of 254.12 SEK, totaling 1,855,148 SEK. All purchases were made on Nasdaq Stockholm by Citigroup Global Markets Following these transactions, Millicom holds 890,675 treasury shares. The total number of shares outstanding in Millicom is 172,096,305. This activity follows the provisions of Article 5 of MAR and the Commission Delegated Regulation No 2016/1052.
Millicom (Tigo) conducted a share repurchase program resulting in the repurchase of 29,063 of its Swedish Depository Receipts (SDRs) between May 6, 2024, and May 10, 2024. The purchases were made at daily average prices ranging from SEK 230.63 to SEK 246.65, with a total daily repurchase amount exceeding SEK 1.4 million. Millicom currently holds 853,974 treasury shares out of a total of 172,096,305 outstanding shares.
Millicom (Tigo) announced its Q1 2024 results, showing an 8.6% revenue growth driven by service revenue up 8.8%. Operating profit increased by 70.6%, EBITDA grew 24.5% despite restructuring costs, and net income rose significantly. Colombia EBITDA saw a 50.3% increase. Operating cash flow rose 53.0% to $519 million, with a reduction in capex. Leverage declined to 3.10x. Millicom CEO highlighted positive performance across all countries, with strong EBITDA and OCF growth, record margins in Colombia, and positive service revenue returns in Guatemala and Panama.
Millicom (Tigo) announced the repurchase of 27,477 of its Swedish Depository Receipts (SDRs) between April 29, 2024, and May 3, 2024. The purchases were made on Nasdaq Stockholm by Citigroup Global Markets , totaling 824,911 treasury shares as of May 3, 2024.
Harmonic Inc. announced its Q1 2024 results, meeting guidance. Revenue at $122.1M with Broadband leading. Record backlog & deferred revenue. Video EBITDA guidance raised. Financials showed a dip from previous year in revenue, net income, and gross margin. Operating loss but increased backlog and customer base. Focus on restructuring Video segment for growth.
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