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) 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.
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.