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) has filed a standard form for notification of major holdings with the CSSF on September 20, 2022. This regulatory filing is a crucial step in maintaining transparency regarding significant shareholder positions. The attached documentation details the holdings, including a specific mention of Swedbank's funds, which have been flagged down to 4.99%. The filing reflects Millicom's ongoing commitment to regulatory compliance and investor communication.
Millicom (Tigo) announced a new mentorship program in collaboration with Glasswing International, launched at the Eighth Annual Benefit Gala in New York City. This initiative aims to support students and young professionals in Latin America, particularly through the Central American Service Corps: ‘Jovenes Lideres de Impacto’. The program will engage hundreds of Tigo mentors, offering internships, training, and job opportunities while fostering community pride. Mauricio Ramos, CEO of Millicom, emphasized the importance of mentorship for professional development.
Millicom (Tigo) announced that CEO Mauricio Ramos will present at the 2022 Goldman Sachs Communacopia + Technology Conference on September 13, 2022. The event will take place in San Francisco starting at 7:30 am local time (10:30 am Miami / 4:30 pm Stockholm).
A live webcast and replay of the presentation will be available on millicom.com/investors.
Millicom (TIGO) has released a study showing that a 10% increase in mobile broadband penetration in Latin America could generate over 6.5 million jobs and boost GDP per capita by 1.7%. The report emphasizes the need for governments to modernize regulatory frameworks and reduce spectrum costs, which are currently significantly higher than in Europe. The study underlines that improving telecommunications is crucial for the region's economic recovery post-COVID-19 and stresses that digital infrastructure is as vital as physical infrastructure for growth.
Millicom International Cellular S.A. (NASDAQ: TIGO) disclosed that on August 17, 2022, Chief Information and Technology Officer Xavier Rocoplan sold 57,633 shares in the open market at an average price of $15.70 per share. Post-sale, he holds 33,302 shares directly. This transaction reflects ongoing movements within the executive team, which may indicate personal financial decisions rather than company performance fluctuations.
Millicom (TIGO) has achieved notable recognition by securing 2nd place in the Great Place to Work® ranking for multinationals in Latin America, marking its fourth consecutive year on this prestigious list. This accolade reflects the company's commitment to diversity, equity, and inclusion among its 20,000 employees across the region. Millicom's leadership emphasized the importance of creating a supportive workplace that fosters collaboration and employee satisfaction. Earlier in 2022, TIGO also ranked 5th among the best multinationals in Central America and the Caribbean.
Millicom (Tigo) announced its Q2 2022 results, showcasing strong growth across all business units. Service revenue increased organically for four consecutive quarters, with notable performance in Colombia where service revenue rose over 8%, driven by a 20% growth in mobile revenue. The rights offering funding the Guatemala acquisition has been completed. Despite challenging macro conditions, Millicom anticipates solid cash flow for the second half of the year and reaffirms its target of around 10% organic operational cash flow growth annually.
Millicom (Tigo) announced the validation of its carbon emissions reduction targets by the Science Based Targets initiative (SBTi). Millicom is among only three telecommunications companies in Latin America to achieve this milestone. The company aims to reduce absolute scope 1 and 2 greenhouse gas emissions by 50% by 2030 and scope 3 emissions by 20% by 2035, using FY2020 as a baseline. These commitments align with the Paris Agreement goals to limit global warming. Millicom's efforts include increasing renewable energy usage, with over 16,000 MWh purchased in 2021.
Millicom (TIGO) has partnered with ETB to enhance its broadband services in Bogota, Colombia. This FTTH wholesale network agreement will allow Tigo Colombia to deliver Tigo-branded broadband internet, PayTV, and telephony services to customers using ETB's network, reaching 1.5 million homes. This partnership expands Tigo's commercial footprint by over 20%, significantly increasing access to potential customers in the region, the largest city in Colombia.
Millicom (TIGO) has announced a significant wholesale network agreement with Ufinet in Bogota. This partnership enables Tigo Colombia to utilize Ufinet's fiber-to-the-home (FTTH) infrastructure to provide broadband internet, PayTV, and telephony services. With current coverage of 250,000 homes expected to expand to 320,000 by year's end, this development aims to enhance Tigo's digital connectivity services while maintaining capital efficiency.
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