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.
Millicom (TIGO) reported strong financial results for Q4 and the full year 2022, achieving an Equity Free Cash Flow of $171 million, aligned with its budget and three-year target. The company experienced an 8.4% growth in organic OCF despite a challenging macroeconomic landscape. Millicom expanded its mobile and fiber services, reaching 12.6 million homes with 730,000 fiber connections. Notably, it introduced 5G in Guatemala and focused on enhancing its B2B services. The leadership expressed confidence in continued performance improvement in 2023, underlining the team's dedication and successful operational strategies.
Millicom (TIGO) has announced the upcoming release of its fourth quarter and annual 2022 financial results on February 10, 2023. A video conference will be held at 14:00 Stockholm / 13:00 London / 08:00 Miami for global investors and analysts to discuss the results.
Participants must register for the event via a provided link, with call-in options available for those wishing to join in listen-only mode. Millicom provides telecommunications services across Latin America, serving over 45 million customers as of December 31, 2022, and employs approximately 20,000 people.
Millicom (Tigo) has unveiled a new fiber network along the Bioceanic Corridor, enhancing direct connectivity between Bolivia and Paraguay for the first time. This 1,000 km redundant fiber route is part of a larger project aimed at connecting the Atlantic and Pacific Oceans, significantly improving digital connectivity across South America. The project increases regional network efficiency and supports economic growth, as stated by CEO Mauricio Ramos. Millicom's infrastructure investment is intended to empower businesses in adapting to new technology demands, thereby enhancing customer service across various sectors.
Millicom (Tigo) has confirmed ongoing discussions regarding a potential acquisition of all outstanding shares by Apollo Global Management and Claure Group. Despite speculation, the Board of Directors cautions that there is no certainty surrounding the completion, terms, or timing of any potential deal. Millicom provides fixed and mobile telecommunications services in Latin America, reaching over 45 million customers as of December 31, 2022. The company emphasizes its commitment to transparency under the EU Market Abuse Regulation.
Tigo Paraguay has announced early tender results for its 5.875% senior notes due 2027, with up to U.S. $55 million in aggregate principal available for purchase. As of November 18, 2022, U.S. $47.019 million of these notes had been tendered. The Total Consideration for each U.S. $1,000 principal amount accepted is U.S. $927.50, including an early tender payment of U.S. $30.00. The Early Settlement Date is expected on November 21, 2022, while the tender offer will expire on December 5, 2022.
Tigo Guatemala announced early tender results for its offer to purchase up to U.S.$90 million of 5.125% senior notes due 2032. As of November 18, 2022, U.S.$18.83 million in notes were validly tendered. The Early Settlement Date is set for November 21, 2022, with a Total Consideration of U.S.$822.50 per U.S.$1,000 principal, including an Early Tender Payment of U.S.$30.00. The offer will expire on December 5, 2022, but holders who tender later will also receive the same Total Consideration.
Millicom (TIGO) has announced that its CEO, Mauricio Ramos, will present at the 2022 Morgan Stanley European Technology, Media & Telecom Conference on November 16, 2022. The live event will commence at approximately 1:10 pm local time in Barcelona, coinciding with 7:10 am in Miami and 1:10 pm in Stockholm. Interested stakeholders can access a live webcast and replay via Millicom's investor page. Millicom serves over 45 million customers in Latin America, providing mobile and fixed telecommunication services.
Millicom (TIGO) announced a Tender Offer by its Paraguayan subsidiary, Telecel, to purchase up to U.S. $55 million in 5.875% Senior Notes due 2027. The offer commenced on November 4, 2022, with a goal to reduce consolidated debt. Key dates include an early tender deadline on November 18, 2022, and final expiration on December 5, 2022. Each noteholder could receive a total consideration of U.S. $927.50 per U.S. $1,000 principal amount of notes tendered, subject to certain conditions and maximum amounts.
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.