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 (Tigo) has reported its latest share repurchase activity under the program announced on November 29, 2024. Between December 23-27, 2024, the company repurchased 83,477 Swedish Depository Receipts (SDRs), with 57,000 SDRs purchased at SEK 268.5452 per share on December 23, and 26,477 SDRs at SEK 270.4081 on December 27. The total investment amounts to approximately SEK 22.47 million, excluding commissions.
All transactions were executed on Nasdaq Stockholm by Citigroup Global Markets Following these purchases, Millicom now holds 1,808,117 treasury shares out of a total of 172,096,305 outstanding shares.
Millicom (Tigo) has executed share repurchases of 455,000 Swedish Depository Receipts (SDRs) between December 16-20, 2024, as part of its repurchase program announced on November 29, 2024. The purchases were conducted on Nasdaq Stockholm through Citigroup Global Markets , with daily prices ranging from SEK 268.53 to SEK 271.86 per share. The total investment across the four trading days amounted to approximately SEK 122.95 million. Following these transactions, Millicom now holds 1,724,640 treasury shares out of a total of 172,096,305 outstanding shares.
Millicom (Tigo) has announced updates to its ongoing share repurchase program. Due to Swedish regulatory requirements, the company will not repurchase Swedish Depositary Receipts (SDRs) or Millicom U.S. Shares at prices exceeding USD 25.75 or its SEK equivalent until March 2, 2025. This price ceiling corresponds to the increased offer price previously made by Atlas Luxco S.à r.l in its public takeover offer for Millicom's SDRs and U.S. Shares earlier this year.
Millicom (Tigo) has executed share repurchases of 400,689 Swedish Depository Receipts (SDRs) between December 9-13, 2024, as part of its repurchase program announced on November 29, 2024. The daily purchases ranged from 14,689 to 100,000 SDRs, with prices varying between SEK 270.24 and SEK 279.87 per share. The total investment across the five trading days amounted to approximately SEK 109.9 million.
All transactions were executed on Nasdaq Stockholm by Citigroup Global Markets Following these purchases, Millicom now holds 1,269,640 treasury shares, with the total number of outstanding shares standing at 172,096,305. The program complies with MAR Article 5 and Safe Harbour Regulation.
Millicom (TIGO) has announced key updates regarding its $1.00 per share interim dividend payment and planned delisting from Nasdaq Stockholm. The dividend will be paid on January 10, 2025, to shareholders registered by January 3, 2025. SDR holders will receive payment in SEK, while U.S. shareholders will be paid in USD.
The company plans to delist its SDRs from Nasdaq Stockholm, with the expected last trading day around March 17, 2025. SDR holders must convert their holdings to Millicom U.S. Shares before the delisting date to remain shareholders. Conversions will be processed in eight weekly tranches starting January 20, 2025. Millicom will cover conversion fees charged by SEB and Broadridge during this period.
Millicom (Tigo) has completed a series of share repurchases between December 2-6, 2024, acquiring 277,905 Swedish Depository Receipts (SDRs). The purchases were executed on Nasdaq Stockholm by Citigroup Global Markets , with daily prices ranging from SEK 270.44 to SEK 282.85. The largest single-day purchase was 92,000 SDRs on December 2, while the smallest was 20,097 SDRs on December 5.
Following these transactions, Millicom now holds 868,951 treasury shares out of a total of 172,096,305 outstanding shares. The repurchase program was initially announced on November 29, 2024, and all transactions were conducted on Nasdaq Stockholm.
Millicom (TIGO) announced three major corporate actions: delisting Swedish Depositary Receipts (SDRs) from Nasdaq Stockholm to consolidate listing on NASDAQ U.S., implementing a $150 million Share Repurchase Program, and resuming shareholder remuneration. The company plans to delist SDRs no earlier than February 2025, aiming to improve liquidity and attract Latin America-focused investors. The Board approved an interim dividend of $1.00 per share (approximately $172 million), expected to be paid around January 10, 2025. These decisions are supported by strong 2024 financial performance and positive outlook for 2025.
Millicom (Tigo) announced that Atlas Luxco S.à r.l., a person closely associated with board member Jules Niel, acquired 40,089 Millicom Swedish Depository Receipts (SDRs) at an average price of SEK 280.4 per share on November 7, 2024. The acquisition was executed through an investment bank mandate to ensure compliance with insider trading regulations. Jules Niel, who holds no direct shares in Millicom, is part of the Niel family group that beneficially owns 40.23% of Millicom's share capital.
Millicom International Cellular (Tigo) announced that Director Tomas Eliasson has sold his entire stake of 17,269 Swedish Depository Receipts (SDRs) on November 8, 2024. The transaction was executed at an average price of SEK 289.19 per share in the open market. Following this sale, Mr. Eliasson no longer holds any shares in the company.
Millicom (Tigo) reported strong Q3 2024 results with revenue reaching $1.43 billion, up 0.5%, and service revenue increasing 1.8%. The company showed robust commercial growth with 299,000 Postpaid Mobile and 68,000 Home FTTH/HFC net additions. Operating profit rose 43.1% to $300 million, while EBITDA grew 9.8% to $585 million. Net income reached $51 million ($0.30 per share), and equity free cash flow significantly improved to $271 million from $100 million in Q3 2023. The company has upgraded its 2024 EFCF target to around $650 million, up from the previous target of $600 million.
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