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 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).
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.