Welcome to our dedicated page for Millicom International Cellular news (Ticker: TIGO), a resource for investors and traders seeking the latest updates and insights on Millicom International Cellular 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.
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Millicom (Tigo) reported strong mobile performance in Q1 2023, with notable growth in its Tigo Business B2B segment, attributed to digital services and network investments. The company’s organic growth accelerated, enhancing Average Revenue Per User (ARPU) trends, particularly in mobile services.
The implementation of Project Everest is expected to deliver over $100 million in run-rate savings by the end of 2024, despite incurring significant restructuring costs. Millicom's commitment to ESG practices maintained an 'AA' MSCI ESG rating, outperforming industry averages. The company anticipates achieving its outlined medium-term financial targets based on its robust performance and ongoing operational efficiencies.