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) held its Annual General Meeting (AGM) on May 4, 2022, where all proposed resolutions were approved. Key outcomes include the re-election of key board members and the election of Tomas Eliasson as a new Non-Executive Director. The AGM approved the annual accounts for 2021, the allocation of a profit of USD 204.8 million, and a share repurchase plan. Ernst & Young S.A. was re-elected as the external auditor. The company continues to provide extensive telecommunications services in Latin America, serving approximately 50 million customers.
Millicom is launching a new web-based app for its Conectadas program, aimed at enhancing digital literacy and entrepreneurship among women and girls in Latin America. Since its inception in 2017, over 560,000 women have been trained. The new platform, launching on April 28, 2022, will provide easier access to educational resources, particularly for those in remote areas. Developed in collaboration with Grameen Foundation, the program includes free modules covering internet usage, personal finance, and digital tools for business.
Millicom (TIGO) has reported strong Q1 2022 results, outperforming expectations. The company added 1 million postpaid subscribers in Colombia, achieving over 50% growth. B2B services grew by approximately 5%, the highest in three years, thanks to a strategic focus on customer segmentation and digital services. Home services also showed solid performance with service revenue growth of over 5%. Millicom is optimistic about accelerated growth for the rest of the year, aiming to expand network access to 1 million new homes and developing its Fintech services.
Millicom (Tigo) has announced that the record date for its upcoming rights offering is set for May 12, 2022. The company aims to raise approximately $750 million through this offering, allowing existing shareholders to purchase common shares. The proceeds will primarily be used to repay outstanding debt from a $2.2 billion acquisition of its business in Guatemala. Additionally, the conversion between common shares and SDRs will be halted from May 9 to June 1, 2022. Further details will be provided before the offering begins.
Millicom (TIGO) has announced the schedule for its first quarter 2022 results, set to be released on April 28, 2022 at 12:00 Stockholm time. A video conference for the global financial community will follow at 14:00 Stockholm time the same day, requiring prior registration.
Millicom, a leading telecommunications provider in Latin America, is known for its diverse digital services, including TIGO Money and TIGO Sports. The company continues to serve around 58 million customers and has a fiber-cable footprint covering over 12 million homes as of December 31, 2021.
Millicom (TIGO) has been recognized for its workplace culture, ranking 5th among multinationals in Central America and the Caribbean. The company achieved top placements, including 1st in Paraguay, 2nd in Costa Rica, and 3rd in Bolivia and Nicaragua. In Guatemala, TIGO ranked 1st in companies with over 2,500 employees, and it also earned 9th place for promoting gender equality in Colombia. This recognition comes from the annual Great Place to Work survey, highlighting Millicom's commitment to employee satisfaction and a positive work environment.
Millicom (TIGO) has successfully completed the sale of its operations in Tanzania as part of its strategy to exit the African market. This transaction, finalized on April 5, 2022, involves a consortium led by Axian, which has taken on ownership, debt, and other obligations of the business. Millicom received approximately $100 million in net cash from this deal, marking the conclusion of its multi-year plan to divest from Africa and focus on expanding in Latin America. CEO Mauricio Ramos emphasized the company’s commitment to improving broadband services in the region.
Millicom (TIGO) has amended the general terms and conditions for its Swedish Depository Receipts (SDRs) concerning shares of Millicom International Cellular S.A. This change, effective February 28, 2022, includes the appointment of Broadridge Corporate Issuer Solutions, Inc. as the new transfer agent in the U.S., replacing American Stock Transfer & Trust Company, LLC. Additionally, the name of the Swedish stock exchange has changed from NASDAQ OMX Stockholm to Nasdaq Stockholm AB. No action is required from SDR holders.
Millicom (TIGO) has submitted a standard form for notification of major holdings to the CSSF, dated March 24, 2022. This filing includes ANNEX A, which details the notification related to Swedbank’s holdings of up to 5.04% in Millicom. The attached document provides further insights into the holdings and regulatory compliance. Millicom, a prominent telecommunications provider in Latin America and Africa, continues to expand its services, reaching approximately 58 million customers with a fiber-cable footprint covering over 12 million homes.
Millicom International Cellular S.A. has filed a standard form for notification of major holdings with the CSSF. This filing is part of regulatory compliance that informs about the significant changes in share ownership. The attached documents include the ANNEX A detailing the notification.
As a key provider of telecommunications services in Latin America and Africa, Millicom serves around 58 million customers and employs approximately 21,000 people. This step is crucial for maintaining transparency in shareholder interests.
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