Results of the Millicom (Tigo) AGM held today
Rhea-AI Summary
Millicom (Tigo) (NASDAQ:TIGO) held its AGM on May 20, 2026, where all Board-proposed resolutions were approved.
Shareholders re-elected eight directors and Chair Maxime Lombardini, approved 2025 accounts, a USD 3 per share dividend in four installments, director/auditor remuneration, KPMG as auditor, and a Share Repurchase Plan.
Positive
- Approval of USD 3 per share dividend, paid in four installments from July 2026 to April 2027
- Shareholders approved a Share Repurchase Plan
- Re-election of eight directors, maintaining board continuity
- Re-election of Maxime Lombardini as Chair of the Board
- Approval of 2025 annual and consolidated accounts
- Re-election of KPMG as external auditor
Negative
- None.
News Market Reaction – TIGO
In the May 20 session, TIGO gained 3.92%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| May 12 | Q1 2026 earnings | Positive | +2.1% | Strong revenue, EBITDA and cash flow growth in Q1 2026. |
| Apr 30 | Earnings notice | Neutral | +3.2% | Announcement of timing and format for Q1 2026 results. |
| Apr 27 | Coltel acquisition | Positive | -0.9% | Completion of remaining 32.5% Coltel stake acquisition in Colombia. |
| Apr 17 | Notes redemption | Positive | -0.6% | Plan to redeem in full $139.7M 5.875% Paraguay Senior Notes due 2027. |
| Apr 14 | Debt reopening | Negative | -3.4% | Upsized $87.5M reopening of 7.375% Senior Notes due 2032. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent earnings and financing/acquisition news have produced modest but mixed price reactions, with positive operational updates generally met with gains and some strategic debt/acquisition actions drawing softer or negative responses.
Over the past months, Millicom reported strong Q1 2026 results on May 12, with revenue of $1,985 million, Adjusted EBITDA of $857 million, and equity free cash flow of $225 million, which the market rewarded with a 2.08% gain. Prior news covered Q1 results timing, the acquisition of the remaining 32.5% of Coltel, a full redemption of $139.7 million Paraguay notes, and an $87.5 million reopening of 7.375% 2032 Senior Notes. Today’s AGM resolutions, including dividends and a share repurchase plan, follow this sequence of balance-sheet and growth moves.
Key Terms
dividend distribution financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
Results of the Millicom (Tigo) AGM held today
Luxembourg, May 20, 2026 – Millicom International Cellular S.A. (“Millicom”) held its Annual General Meeting (“AGM”) of shareholders today.
All of the AGM resolutions proposed by the Board of Directors were adopted by Millicom’s shareholders. The AGM set the number of directors at eight and re-elected María Teresa Arnal, Bruce Churchill, Blanca Treviño de Vega, Jules Niel, Pierre-Emmanuel Durand, Maxime Lombardini, Justine Dimovic, and Pierre Alain Allemand as Directors. Maxime Lombardini was re-elected as Chair of the Board of Directors.
All other resolutions set out in the convening notice for the AGM were also duly passed, including approval of:
(i) The annual accounts and the consolidated accounts for the year ended December 31, 2025.
(ii) The allocation of the results of the year ended December 31, 2025, to the unappropriated net profits to be carried forward; and a dividend distribution of USD 3 per share to be paid in four equal installments on or around July 15, 2026, October 15, 2026, January 15, 2027, and April 15, 2027. For more information regarding the dividend distribution, please refer to the convening notice published as Press release and available on the Millicom website.
(iii) The discharge of all the current and former Directors of Millicom who served at any point in time during the financial year ended December 31, 2025, for the performance of their mandates.
(iv) The re-election of KPMG as the external auditor of Millicom.
(v) The remuneration to the Board and external auditor.
(vii) The Share Repurchase Plan.
The minutes of the AGM will be published as soon as these are available on the Millicom website: https://www.millicom.com/our-company/corporate-governance/shareholder-meetings/
-END-
For further information, please contact:
| Press: | Investors: |
| Sofia Corral, Director Corporate Communications press@millicom.com | Luca Pfeifer, VP Investor Relations investors@millicom.com |
About Millicom
Millicom (NASDAQ: TIGO) is a leading provider of fixed and mobile telecommunications services in Latin America. Through its TIGO® and Tigo Business® brands, the company provides a wide range of digital services and products, including TIGO Money for mobile financial services, TIGO Sports for local entertainment, TIGO ONEtv for pay TV, high-speed data, voice, and business-to-business solutions such as cloud and security. As of March 31, 2026, Millicom, including its Honduras Joint Venture and Chile associate, employed over 20,000 people and provided mobile and fiber-cable services through its digital highways to more than 69 million customers, with a fiber-cable footprint over 22 million homes passed. Founded in 1990, Millicom International Cellular S.A. is headquartered in Luxembourg with principal executive offices in Doral, Florida.
