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 reported a robust performance in Q3 2021, with all business lines in Latin America contributing to growth. Notable highlights include the addition of 359,000 mobile customers in Colombia and strong service revenue expansion, particularly an 18% growth in El Salvador. The company resumed shareholder remuneration through share buybacks and aims for an operational cash flow target of at least $1.4 billion for the year. Investments are ongoing in mobile network expansions across several countries and in Tigo Money, alongside progress on their ESG initiatives.
Millicom announced the repurchase of 95,687 Swedish Depository Receipts (SDRs) from September 30 to October 6, 2021, as part of its ongoing Repurchase Program. The total number of shares repurchased under this program now stands at 917,424, with a remaining buyback capacity of approximately SEK 870 million (about USD 100 million) or 5 million SDRs. As of October 6, 2021, Millicom holds 1,093,023 treasury shares out of 101,739,217 total outstanding shares.
Millicom has announced its share repurchase actions from September 23 to September 29, 2021, purchasing a total of 82,299 Swedish Depository Receipts (SDRs). This initiative, part of a repurchase program launched on July 29, 2021, aims to enhance shareholder value. The purchases were executed at a weighted average price of SEK 310.86 per share, totaling approximately SEK 23.3 million in value. As of September 29, Millicom holds 997,336 treasury shares and has repurchased 821,737 SDRs under this program.
Millicom announced it will release its third quarter 2021 results on October 28, 2021. The announcement will be made via press release around 12:00 Stockholm time. Following the release, Millicom will host a video conference at 14:00 Stockholm time for the financial community. Registration for this interactive event is required, and participants can join in listen-only mode or by asking questions through a specified email. Additional details will be available on the Millicom investor website.
Millicom has partnered with Fundación Real Madrid to support over 65 social sports projects across nine Latin American countries and the U.S. This alliance, signed by CEO Mauricio Ramos, aims to benefit more than 11,200 children and families by promoting digital literacy and preventing cyberbullying. Millicom, a leading telecommunications provider with over 55 million customers, emphasizes its commitment to community development and enhancing the future of children through connectivity and sports.
Millicom announced the repurchase of 122,612 Swedish Depository Receipts (SDRs) from September 16 to 22, 2021, under its buyback program initiated on July 29, 2021. The total shares repurchased under this program now stand at 739,438, with a current treasury stock of 915,037 shares. The repurchase program allows for up to SEK 870 million or 5 million SDRs. All transactions were conducted on Nasdaq Stockholm by Citigroup Global Markets Limited.
Millicom has announced the results of its Exchange Offer for 6.625% Senior Notes due 2026, revealing an oversubscription of the offer. As of September 21, 2021, holders tendered US$335.7 million of the old notes, leading the company to increase the maximum acceptance amount to accept all valid tenders. The company will issue approximately US$307.5 million in new notes on September 24, 2021. Holders of old notes will receive cash for any fractions and accrued interest. The offering targets qualified institutional buyers, with a cautionary note on trading risks post-offer.
Millicom announced the repurchase of 131,559 Swedish Depository Receipts (SDRs) from September 9 to 15, 2021. This activity is part of a buyback program initiated on July 29, 2021, reinforcing Millicom's commitment to enhancing shareholder value. The maximum repurchase limit is set at either SEK 870 million (approximately USD 100 million) or 5 million SDRs. As of September 15, 2021, Millicom holds 792,425 treasury shares out of a total of 101,739,217 outstanding shares.
Millicom announced the repurchase of 84,200 shares during the period from September 2 to September 8, 2021, under a program initiated on July 29, 2021. The total value of the repurchased shares amounted to approximately SEK 27.9 million, with an average repurchase price of SEK 326.45. As of September 8, 2021, Millicom holds 660,866 treasury shares out of 101,739,217 outstanding. The repurchase aligns with Article 5 of MAR and is capped at SEK 870 million or 5 million SDRs.
Millicom International Cellular has announced a bond exchange offer to exchange up to $335 million of its 6.625% Senior Notes due 2026 for newly issued 4.500% Senior Notes due 2031. The aim is to refinance existing debt and extend the maturity profile while reducing cash costs. The Exchange Offer expires on October 5, 2021, with an early participation date set for September 21, 2021. Eligible holders must comply with specific guidelines, as outlined in the offering memorandum.
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