Millicom Intl Cellular S A Stock Price, News & Analysis

Millicom (TIGO) has announced the partial closing of its infrastructure deal with SBA Communications, selling its mobile passive infrastructure assets in Central America through LATI International S.A. The transaction has generated $600 million in proceeds so far, with the total deal value expected to reach approximately $975 million when fully closed in Q3 2025. Following Q2 results, Millicom plans to distribute a special dividend of $2.50 per share, representing about 45% of net proceeds, to be paid in two equal installments of $1.25 on October 15, 2025, and April 15, 2026. This special dividend comes in addition to the previously announced annual dividend of $3.00 per share. The deal demonstrates Millicom's strategy to monetize infrastructure assets while maintaining its leverage target of 2.0-2.5x.

Millicom (TIGO) has announced a definitive agreement to acquire Telefónica Móviles del Uruguay for USD 440 million. The strategic acquisition is expected to be EFCF accretive by 2026 and will strengthen Millicom's presence in South America. The deal targets Uruguay, which boasts the highest GDP per capita in Latin America at USD 22,400 (2024) and maintains an investment-grade credit rating (BBB+).

The acquisition of Telefónica Uruguay, the country's second-largest mobile operator, will enable Millicom to leverage infrastructure and commercial synergies with its existing operations in Paraguay and Bolivia. The transaction will temporarily increase Millicom's leverage by approximately 0.1x. The mobile market in Uruguay has shown consistent growth of about 4% annually since 2022, driven by increasing postpaid adoption and the region's highest ARPU.

Millicom (TIGO) has announced the cancellation of 3,096,305 treasury shares following approval from its Board of Directors. This decision was authorized by the extraordinary general meeting of shareholders on May 21, 2025, and aligns with the share repurchase plan approved at the annual general meeting on May 23, 2024.

As a result of this cancellation, Millicom's issued share capital will be reduced to USD 253,500,000, represented by 169,000,000 shares with a par value of USD 1.50 each. The company's articles of association Article 5 will be amended to reflect these changes.

Millicom (TIGO) held its Annual General Meeting (AGM) and Extraordinary General Meeting (EGM) on May 21, 2025, with shareholders approving all proposed resolutions. Key highlights include: a dividend distribution of USD 3 per share to be paid in four installments between July 2025 and April 2026, the election of eight directors including new Director Pierre Alain Allemand, and Maxime Lombardini as Board Chair. The company approved its 2024 financial statements, re-elected KPMG as external auditor, and authorized a Share Repurchase Plan. The EGM passed amendments to the articles of association, including authorization for share cancellation, removal of Swedish Corporate Governance Code references following NASDAQ Stockholm delisting, and enabling electronic participation in general meetings.

ATIS Group has signed a definitive agreement to acquire Lati Paraguay, a subsidiary of Millicom (NASDAQ: TIGO), which owns approximately 300 wireless communications towers in Paraguay. The deal includes a long-term leaseback arrangement with Tigo Paraguay for continued mobile network operations. Since Towerco Investments LLC's majority acquisition in 2022, ATIS has expanded from 185 sites in Argentina to over 1,000 sites across Argentina, Uruguay, and now Paraguay.

This strategic acquisition strengthens ATIS's position as the region's leading independent tower company and demonstrates its commitment to developing mission-critical assets in the Southern Cone region of Latin America. The transaction, signed on April 26, 2025, is expected to close in the near term.

Millicom (Tigo) reported strong Q1 2025 financial results with revenue of $1.37 billion and net income of $193 million, including $95 million in one-time gains. The company achieved an operating profit of $423 million and Adjusted EBITDA of $636 million. Customer growth was robust with 262,000 Postpaid Mobile and 62,000 Home FTTH/HFC net additions. Despite a 7.6% decline in reported revenue, organic revenue declined only 1.6%. The company generated equity free cash flow of $135 million, excluding disposal proceeds, a significant improvement from Q1 2024. Leverage stands at 2.47x. Millicom maintains its 2025 targets of approximately $750 million in EFCF and year-end leverage below 2.5x, despite challenges from weaker foreign exchange rates.

Millicom (Tigo) has scheduled the release of its first quarter 2025 financial results for May 8, 2025. The company will host a video conference for the global financial community on the same day at:

• 14:00 Luxembourg time
• 13:00 London time
• 08:00 Miami time

Participants must pre-register for the interactive event through a provided link. A listen-only option is available via dial-in numbers for US, Sweden, UK, and Luxembourg participants. Presentation slides and event replay will be accessible on Millicom's investor website. For additional information, investors can contact Michel Morin (VP Investor Relations), while media inquiries should be directed to Sofia Corral (Director Corporate Communications).

Millicom (Tigo) has received confirmation from SEB regarding the completion of share sales following its Swedish Depositary Receipts (SDRs) delisting from Nasdaq Stockholm on March 17, 2025. SEB, acting as the SDR program custodian bank, has successfully sold approximately 5,110,103 shares that remained unclaimed by SDR holders after the delisting process.

The company's common shares are now exclusively listed on the Nasdaq Stock Market in the United States. Former SDR holders are expected to receive their pro-rata distribution of the net proceeds from these sales in early May.

Millicom International Cellular (TIGO) has announced its Annual General Meeting (AGM) and Extraordinary General Meeting (EGM) to be held on May 21, 2025, in Luxembourg. The company plans to distribute a significant dividend of USD 3 per share to be paid in four equal installments between July 2025 and April 2026.

Key financial highlights include a profit of USD 75.9 million for fiscal year 2024 and unappropriated net profits carried forward of USD 2.3 billion. The company has already distributed interim dividends totaling approximately USD 297 million.

The meetings will address various agenda items including board member elections, with proposals to set the number of Directors at 8 and elect Maxime Lombardini as Chair. Shareholders will also vote on amendments to the company's articles of association and a Share Repurchase Plan.