Millicom Intl Cellular S A Stock Price, News & Analysis

Millicom (Tigo) has completed its delisting from Nasdaq Stockholm, with the final trading day occurring on March 17, 2025. As of March 24, 2025, SEB, the custodian bank for Swedish Depositary Receipts (SDRs), reported that holders of SDRs representing approximately 5,110,103 underlying common shares had not completed the necessary steps to withdraw their shares.

In accordance with SDR terms and conditions, SEB will initiate the sale of these common shares on behalf of the holders who have not withdrawn their shares. The company has made detailed information about the delisting process available through previous press releases and on their website's dedicated 'Nasdaq Stockholm Delisting & Interim Dividend' section.

Millicom (Tigo) announced that Atlas S.A.S., a closely associated person with board member Jules Niel, acquired 344,797 Swedish Depository Receipts (SDRs) on March 17, 2025. The transaction was executed on Nasdaq Stockholm at an average price of SEK 299.77 per SDR.

The acquisition was conducted through an investment bank mandate to ensure compliance with insider trading regulations, with investment decisions made without access to material non-public information. While Jules Niel holds no direct shares in Millicom, he is part of the Niel family group that beneficially owns Atlas.

Millicom (TIGO) has announced changes to its Board of Directors ahead of the Annual General Meeting scheduled for May 21, 2025. The Nomination Committee has proposed the election of Pierre-Alain Allemand as a new board member, highlighting his extensive technical experience in telecommunications and emerging markets.

The committee also proposed the re-election of seven current board members: Maxime Lombardini, Jules Niel, Pierre-Emmanuel Durand, María Teresa Arnal, Bruce Churchill, Blanca Treviño de Vega, and Justine Dimovic. Additionally, Maxime Lombardini has been nominated to serve as Chair of the Board.

Current board member Tomas Eliasson has decided not to seek re-election. The Nomination Committee comprises Jules Niel (Chair, appointed by Atlas), Jan Dworsky (Swedbank Robur Funds), Gerardo Zamorano (Brandes Investment Partners), and Maxime Lombardini.

Millicom (Tigo) has announced that Atlas S.A.S., a company closely associated with board member Jules Niel, acquired Millicom Swedish Depository Receipts (SDRs) on March 14, 2025, through transactions on Nasdaq Stockholm.

The acquisition was executed through an investment bank mandate to ensure individuals making investment decisions had no access to material non-public information. While Jules Niel holds no direct shares in Millicom, he is part of the Niel family group that beneficially owns Atlas. The transaction details are available on Millicom's website in the personal trading section.

Millicom (Tigo) has provided an update on its share repurchase program announced on November 29, 2024. Between March 10-14, 2025, the company repurchased 315,930 Swedish Depository Receipts (SDRs) and 736,800 common shares through Nasdaq Stockholm and Nasdaq Stock Market, executed by Citigroup Global Markets.

Following these transactions, Millicom now holds 3,847,564 treasury shares as of March 14, 2025, 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).

Millicom (Tigo) has signed a definitive agreement to acquire Telefonica's 67.5% controlling stake in Coltel, following their July 31, 2024 announcement. The purchase price is set at $400 million, which adjusts to $362 million as of September 30, 2024, considering net debt, working capital, and forex changes.

Millicom will also extend an offer to purchase the remaining 32.5% stake owned by La Nación and other investors at the same price per share. The merger aims to create a stronger telecom entity in Colombia with enhanced capabilities for network and spectrum investments. Additionally, Millicom has reiterated its offer to acquire its partner's 50% stake in UNE at a valuation multiple comparable to the Coltel acquisition.

Millicom (Tigo) has provided an update on its share repurchase program announced on November 29, 2024. Between February 28, 2025, and March 07, 2025, the company repurchased 344,250 Swedish Depository Receipts (SDRs) and 434,700 common shares.

All purchases were executed on Nasdaq Stockholm and Nasdaq Stock Market through Citigroup Global Markets and Citigroup Global Markets Inc. As of March 07, 2025, Millicom held 2,794,834 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).

Millicom (Tigo) has received approval from Nasdaq Stockholm for the delisting of its Swedish Depository Receipts (SDRs), with the final trading day set for March 17, 2025. Following this decision, SDR holders must convert their holdings into common shares traded on the U.S. Nasdaq Stock Market by March 19, 2025 (3:00 pm CET).

SDR holders who fail to convert their holdings before the deadline will have their underlying Millicom U.S. Shares sold by SEB, with proceeds distributed in SEK on a pro-rata basis, minus applicable costs and fees. The sale process duration will depend on daily trading restrictions and the total volume of remaining SDRs.

Millicom (Tigo) has announced that its Chief Legal and Compliance Officer, Salvador Escalon, executed a stock transaction under an existing 10b5-1 plan on February 27, 2025. Escalon sold 10,991 shares in the open market at an average price of $28.8473 per share. Following this transaction, Escalon maintains ownership of 151,410 shares in the company. The transaction details have been documented in the personal trading section of Millicom's website.