Welcome to our dedicated page for Millicom International Cellular news (Ticker: TIGO), a resource for investors and traders seeking the latest updates and insights on Millicom International Cellular 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 (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.
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) 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.
Millicom (Tigo) has released its 2024 Annual Report, highlighting a transformative year in Latin America's telecommunications industry. The report includes Millicom International Cellular S.A.'s standalone financial statements for 2024.
CEO Marcelo Benitez and Chairman Maxime Lombardini emphasized Tigo's strategic position with its comprehensive infrastructure including fixed and mobile networks, digital platforms, and diverse content offerings spanning cable, entertainment, and cloud solutions. The company has evolved to become more focused and agile, maintaining consistent financial performance while expanding digital access across Latin America.