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. 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 International Cellular has announced a proposed offering of $500 million in senior notes due 2031. The proceeds will be used to redeem the existing 6.0% senior notes due 2025 at a redemption price of 103% of their principal, plus interest. The anticipated redemption date is October 29, 2020. This offering is aimed at qualified institutional buyers and non-U.S. investors. The completion of this transaction is necessary for the planned redemption.
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Millicom International Cellular has established a Nomination Committee in preparation for its 2021 Annual General Meeting. The Committee includes representatives from major shareholders such as Swedbank Robur, Nordea Investment Funds, AMF Pensionsförsäkring AB, and Southeastern Asset Management. During its inaugural meeting on October 5, 2020, John Hernander was elected as the Chairman. Shareholders wishing to propose candidates for the Board of Directors can submit their suggestions in writing.
Millicom will report its third quarter 2020 results on October 30, 2020, at approximately 11:00 Stockholm time. The announcement will be made via a press release. A conference call for the global financial community is scheduled the same day at 13:00 Stockholm time, which will be webcasted. Investors can access the call by dialing in 5-10 minutes early, with specific numbers provided for various regions. A replay will be available for seven days post-call. Millicom is a leading provider of cable and mobile services in emerging markets.
Millicom has been awarded the ARC Award for its 2019 Annual Report, marking its second consecutive win in the Silver category for the Integrated AR & CSR: Non-Traditional Format. This recognition is part of the world’s largest competition for annual reports, showcasing excellence across various sectors. The award highlights Millicom’s commitment to transparency and engaging presentation of corporate and social responsibility efforts. The report aims to emphasize Millicom's role in connecting communities through digital services.