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 (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.
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.