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. (NASDAQ: TIGO) is a telecommunications company focused on fixed and mobile services in Latin America. Through its TIGO and Tigo Business brands, Millicom provides mobile telephony, broadband over fiber-cable networks, pay TV, high-speed data, voice, and digital services such as TIGO Money, TIGO Sports, and TIGO ONEtv, as well as cloud and security solutions for business customers. News about TIGO often reflects its role as a regional telecom group and its activities across multiple Latin American markets.
The TIGO news feed highlights earnings releases, financial targets, and capital allocation decisions, including interim and special dividends and share repurchase activity described in its filings. Investors can follow quarterly results, interim condensed consolidated financial statements, and management commentary on revenue, operating profit, net profit attributable to company owners, and equity free cash flow.
Millicom’s news also covers strategic transactions and regional expansion. Recent disclosures include the completion of acquisitions of Telefónica’s operations in Uruguay and Ecuador, which the company presents as steps to deepen its presence in South America and expand its footprint to eleven countries. Other items include agreements in Colombia related to integration plans and network and infrastructure transactions.
Regulatory and compliance developments form another important category of TIGO news. The company has reported on the resolution of a U.S. Department of Justice investigation involving its subsidiary Comunicaciones Celulares S.A. (Comcel) and has detailed its cooperation, remediation efforts, and compliance program enhancements. Together, these updates provide context on Millicom’s operational performance, strategic direction, and governance. Users interested in TIGO can use this page to review historical and ongoing announcements that shape the company’s profile in the Latin American telecommunications sector.
Millicom (TIGO) announces a Tender Offer from Tigo Guatemala for up to U.S. $90 million of its 5.125% senior notes due 2032. The offer, beginning on November 4, 2022, aims to reduce Millicom’s debt. Key dates include an Early Tender Time of November 18, 2022, and expiration on December 5, 2022. Notes validly tendered by the Early Tender Time will receive a total consideration of U.S. $822.50 per U.S. $1,000 principal.
Millicom (TIGO) announced the filing of a standard form for notification of major holdings with the CSSF on November 3, 2022. This regulatory filing is associated with the ownership stakes held by major shareholders and is essential for investor transparency. The public document is available for review, providing insights into the company's shareholder structure and potential impacts on stock performance.
Millicom (Tigo) has formed a Nomination Committee in preparation for the 2023 Annual General Meeting, following a resolution from the 2022 AGM held on May 4, 2022. This committee includes representatives from major shareholders: Jan Dworsky from Swedbank Robur Funds, Viktor Kockberg from Nordea Investment Funds, Staley Cates from Southeastern Asset Management, and Gerardo Zamorano from Brandes Investment Partners, along with Chairman José Antonio Ríos García. Shareholders can propose candidates for the Board in writing.
Millicom (TIGO) has reported solid third-quarter results for 2022, achieving positive organic service revenue growth across most markets despite a challenging economic backdrop. The company anticipates organic OCF growth of around 10% for the year, with equity free cash flow projected between $150 million and $200 million. The CEO underlined the strength of the company’s networks and brand, attributing growth to strategic investments and price increases to counter inflation. Overall, Millicom remains committed to sustainable shareholder value in the long term.
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Millicom (Tigo) is now part of the Alliance for Creativity and Entertainment (ACE), marking a significant step in its fight against piracy in Latin America. Tigo is the first Latin American telecommunications firm to join this global coalition, which has 40 members. Piracy is a major issue, costing the region an estimated $4.8 billion annually. Tigo's membership aims to strengthen efforts against piracy, fostering collaboration with local authorities to protect creative content. This development not only enhances Tigo's corporate responsibility but also positions it strategically in the digital ecosystem.
Millicom (Tigo) announces its Second Congress of Maestr@s Conectad@s on October 10th and 11th, 2022, a free virtual event aimed at enhancing digital skills among teachers in Latin America. Expected to attract over 50,000 teachers, the congress will feature 16 international education experts discussing pressing educational challenges and technology integration. Since the program's inception in 2020, Millicom has trained over 250,000 teachers. This initiative is central to Millicom's ESG strategy focusing on inclusion and digital literacy.
Millicom plans to announce its third quarter 2022 results on October 27, 2022, at 12:00 (Stockholm) / 11:00 (London) / 06:00 (Miami) via press release.
The company will also host a video conference for the global financial community at 14:00 (Stockholm) / 13:00 (London) / 08:00 (Miami) on the same day. Registration is required for participation.
As of June 30, 2022, Millicom served around 50 million customers across Latin America, employing approximately 20,000 people and providing a fiber-cable service footprint to nearly 13 million homes.
Millicom International Cellular has announced the distribution of 1,150 shares to one of its board members as part of non-executive director remuneration for the period from May 4, 2022, to May 2023. This distribution follows a resolution passed at the annual general meeting held on May 4, 2022. Shareholders can find more details on the company's website.
Millicom International Cellular S.A. (NASDAQ: TIGO) announced on September 19, 2022, that its Chief Information and Technology Officer, Xavier Rocoplan, acquired 57,633 shares at an average price of $12.38 each. Following this transaction, Mr. Rocoplan now owns a total of 97,974 shares in the company. This share purchase indicates insider confidence in the company's prospects and may influence investor sentiment positively.
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