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. (TIGO) provides essential telecommunications services across Latin America, specializing in mobile connectivity and broadband solutions for emerging markets. This dedicated news hub offers investors and stakeholders immediate access to official company announcements and verified industry updates.
Track all critical developments through curated press releases covering quarterly earnings, infrastructure investments, strategic partnerships, and regulatory milestones. Our repository ensures transparent access to operational updates about TIGO's mobile network expansions, fixed-line service enhancements, and digital innovation initiatives.
Key content includes executive leadership statements, market penetration reports, and technology deployment announcements. Users benefit from chronological organization of material spanning financial results, service launches, and corporate responsibility updates across TIGO's operational countries.
Bookmark this page for streamlined monitoring of Millicom's progress in delivering converged telecom solutions. Check regularly for real-time updates on how TIGO addresses Latin America's evolving connectivity needs through scalable network infrastructure and customer-focused services.
Millicom (Tigo) reported strong Q4 2024 and full-year financial results. Q4 revenue reached $1.43 billion with operating profit of $373 million and EBITDA of $618 million. The quarter saw 274,000 Postpaid Mobile and 49,000 Home FTTH/HFC net additions.
Full-year 2024 performance showed revenue of $5.80 billion, up 2.5% year-on-year, with operating profit increasing 62.5% to $1.34 billion. Net income reached $253 million ($1.47 per share), while EBITDA grew 16.9% to $2.47 billion. The company achieved 965,000 Postpaid Mobile and 115,000 Home FTTH/HFC net additions for the year.
Year-end leverage improved to 2.42x, with equity free cash flow of $777 million ($728 million excluding disposals). For 2025, Millicom targets EFCF of around $750 million, reflecting efficiency savings and considering foreign exchange impacts.
Millicom (Tigo) has announced an interim dividend of $0.75 per share, scheduled for payment on April 15, 2025. The dividend will be paid to shareholders registered with Broadridge on April 8, 2025, which is also the ex-dividend date.
The company plans to submit a delisting application with Nasdaq Stockholm on March 3, 2025, leading to the termination of the SDR program. The last trading day for SDRs is expected to be around March 17, 2025. Only common shareholders as of the record date will receive the dividend.
The dividend payment will be subject to a 15% Luxembourg withholding tax, though shareholders may be eligible for reduced rates through double tax treaties or exemptions under Luxembourg tax law.
Millicom (Tigo) has announced the distribution of 650,605 treasury shares to eligible participants under its deferred share-based compensation plans. The distribution, approved at the company's 2022, 2023, and 2024 annual general meetings, includes 98,255 shares allocated to executive management.
Following this distribution, Millicom now holds 2,015,884 ordinary shares in treasury, with a total of 172,096,305 outstanding ordinary shares.
Millicom (Tigo) has confirmed its plan to consolidate its listing on NASDAQ U.S. by delisting Swedish Depositary Receipts (SDRs) from Nasdaq Stockholm. The company intends to file the delisting application on March 3, 2025, with the last trading day for SDRs expected around March 17, 2025.
The consolidation aims to achieve several strategic benefits including:
- Improved shareholder liquidity
- Better access to capital
- Attraction of Latin America-focused investors
- Potential inclusion in equity indices
- Simplified corporate governance
- Reduced administrative costs
SDR holders must contact their financial institutions to convert their holdings into Millicom U.S. shares before delisting. Any remaining unconverted SDRs will be sold by the custodian bank (SEB), with net proceeds distributed to holders after all shares are sold.
Millicom (Tigo) has announced it will release its fourth quarter 2024 financial results on February 27, 2025, followed by a video conference for the global financial community. The conference will be held at 14:00 Stockholm time / 13:00 London time / 08:00 Miami time.
Participants must register in advance for the interactive event, while a listen-only mode is available via dial-in numbers for US, Sweden, UK, and Luxembourg participants. Presentation slides and a replay of the event will be made available on Millicom's investor website.
Millicom (Tigo) has continued its share repurchase program announced on November 29, 2024, by acquiring 140,587 Swedish Depository Receipts (SDRs) and 95,600 common shares between January 13-17, 2025. The SDRs were purchased on Nasdaq Stockholm at prices ranging from SEK 266.96 to SEK 271.91, while common shares were bought on Nasdaq Stock Market at prices between USD 23.99 and USD 24.52.
The transactions were executed by Citigroup Global Markets and Citigroup Global Markets Inc. on Millicom's behalf. Following these repurchases, Millicom held 2,756,017 treasury shares as of January 17, 2025, out of a total of 172,096,305 outstanding shares. The program operates under Article 5 of MAR and the Safe Harbour Regulation.
Millicom (Tigo) has announced that three of its directors received shares in Atlas Investissement ('Atlas'), a major indirect shareholder of the company, on January 11, 2025. This share distribution was part of an Atlas incentive program established on January 11, 2024.
The recipients and their allocations were:
- Maxime Lombardini, Chair of the Board of Directors - 11 Atlas shares
- Jules Niel, Director - 2 Atlas shares
- Pierre-Emmanuel Durand, Director - 11 Atlas shares
The transaction details have been recorded in the personal trading section of Millicom's website.
Millicom (TIGO) has announced a new shareholder remuneration policy that includes the resumption of regular cash dividends. The company's Board of Directors aims to sustain or grow cash dividends annually while maintaining a prudent capital structure with a long-term leverage target range of 2.0-2.5x.
Following the recent $1.00/share interim dividend paid on January 10, the Board plans to approve an additional $0.75/share interim dividend after Q4 2024 results, payable in April 2025. Furthermore, the Board will propose a $3.00 per share dividend at the May 21, 2025 Annual General Meeting, to be paid in four quarterly installments of $0.75/share from July 2025 through April 2026.
This policy reflects the company's commitment to returning capital to shareholders while considering the capital-intensive nature of the business and Latin American market volatility.
Millicom (Tigo) has executed share repurchases between January 6-10, 2025, as part of its program announced on November 29, 2024. The company bought back 400,821 Swedish Depository Receipts (SDRs) and 146,632 common shares. The SDRs were purchased on Nasdaq Stockholm at prices ranging from SEK 267.03 to SEK 277.37, while common shares were acquired on Nasdaq Stock Market at prices between USD 23.94 and USD 25.02.
All transactions were executed by Citigroup Global Markets and Citigroup Global Markets Inc. on behalf of Millicom. Following these repurchases, Millicom held 2,519,830 treasury shares as of January 10, 2025, out of a total of 172,096,305 outstanding shares.
Millicom (Tigo) has continued its share repurchase program announced on November 29, 2024, by buying back 164,260 Swedish Depository Receipts (SDRs) between December 30, 2024, and January 03, 2025. The purchases were executed on Nasdaq Stockholm through Citigroup Global Markets
The company paid an average price ranging from SEK 266.39 to SEK 272.51 per SDR, with daily repurchase amounts varying between SEK 12.19 million and SEK 18.54 million. Following these transactions, Millicom now holds 1,972,377 treasury shares out of a total of 172,096,305 outstanding shares.
The repurchase program is being conducted in accordance with Article 5 of MAR and the Commission Delegated Regulation No 2016/1052 (Safe Harbour Regulation).
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