Millicom International Cellular SA (TIGO) reports that Chief Executive Officer Marcelo Benitez holds Performance Cash Award Units tied to 33,730 underlying common shares. The units reflect achievement of performance conditions at 173.41% of target under the 2025 Performance Cash Award Program; they were inadvertently omitted from his original Form 3.
Millicom International Cellular SA's amended ownership report lists 12,251 directly held Performance Cash Award Units for Karim Antonio Lesina, an EVP, CEA Officer, as of March 18, 2026. The units were granted under the issuer's 2025 Performance Cash Award Program and reflect achievement of performance conditions at 173.41% of target. They vest in substantially equal installments on January 1, 2027 and January 1, 2028, subject to continued employment with the issuer or its subsidiaries.
Millicom International Cellular SA (TIGO) amended its Form 3 to report CFO Bart Kristof Vanhaeren’s previously omitted Performance Cash Award Units, associated with 6,944 underlying common shares. Each unit represents a cash equivalent based on a common share’s closing price and any dividends since the grant date. The award reflects performance conditions at 173.41% of target and will vest in substantially equal installments on January 1, 2027 and January 1, 2028, subject to continued employment with the issuer or its subsidiaries.
Millicom International Cellular SA amended Salvador Escalon’s initial ownership report to include 17,273 Performance Cash Award Units held directly. Escalon is the company’s Chief Legal & Compliance Off. The units reflect achievement of performance conditions at 173.41% of target and vest in substantially equal installments on January 1, 2027, and January 1, 2028, subject to continued employment with the company or its subsidiaries. Each unit represents the cash equivalent of one common share’s closing price on the last trading day before vesting, plus any dividends paid on that share since the grant date.
Millicom International Cellular S.A. (TIGO) reported that Atlas Investissement SAS is scheduled to physically settle the balance of a transaction and acquire 6,000,000 common shares on September 25, 2026, for approximately USD 568,201,140.51, excluding commissions and interest. Atlas reports beneficial ownership of 82,982,244 shares, or 49.5%; that amount includes 76,982,244 shares it already beneficially owns plus the scheduled purchase. The percentage is based on 167,718,390 shares outstanding as of August 31, 2026.
Atlas's controlling shareholders Iliad Holding SAS and Maya SAS, and Xavier Niel, Jules Niel, John Niel, Elisa Niel and Joseph Niel, may also be deemed to share beneficial ownership. Atlas amended financing arrangements with six unaffiliated financial institutions, increasing the maximum amount available to it by approximately USD 483,886,779 compared with the June financing position; the increased amount was made available September 24, 2026. The purchase is anticipated to be funded by cash on hand, including cash settlement proceeds and increased financing proceeds. Atlas intends, subject to conditions including any required regulatory approvals and the financing documentation, to purchase additional shares up to 50.5% ownership; timing and amount depend on prevailing market conditions. The financing transactions do not themselves require either party to purchase shares.
Millicom International Cellular S.A. reported strong top-line expansion for the six months ended June 30, 2026. Revenue reached $4,164 million, up 52.3% year-on-year, with service revenue of $3,900 million, driven by consolidation of Coltel in Colombia, the 2025 acquisitions in Ecuador and Uruguay, and currency appreciation. Adjusted EBITDA rose to $1,866 million (up 46.8%), and operating profit was $877 million. Net cash from operating activities increased to $1,301 million, while equity free cash flow excluding divestitures grew to $552 million.
Despite this, net profit attributable to owners declined to $218 million (EPS $1.30) from $869 million, reflecting the absence of last year’s $604 million Lati gain, higher depreciation and amortization, increased net financial expenses of $516 million, and a $32 million goodwill impairment in Costa Rica. Total assets rose to $20,679 million, with net debt of $8,075 million and leverage at 2.73x. Based on the stronger cash generation, Millicom raised its 2026 equity free cash flow guidance to around $1.1 billion and lowered its year-end leverage target to below 2.5x. Shareholders approved a $3.00-per-share dividend, and the board later authorized an additional interim dividend of $1.50 per share for early 2027. Management also notes employment-related proceedings in Guatemala and a new, more volatile FX regime in Bolivia as key uncertainties, while the independent auditor’s review concluded the interim financial statements comply with IAS 34.
MILLICOM INTERNATIONAL CELLULAR SA director Blanca Trevino de Vega reported a small equity grant and related tax withholding in common shares. She received 1,420 common shares as a grant or award at a stated price of $0.00 per share, increasing her direct holdings to 14,447 shares.
On the same date, 284 common shares were withheld by the issuer solely to satisfy tax obligations incurred upon the transfer, with a reference price of $73.92 per share used for valuation. This withholding was not an open‑market sale and represents a routine, non‑market adjustment tied to the equity award.
MILLICOM INTERNATIONAL CELLULAR SA director Justine Dimovic had 1,420 common shares granted as equity compensation and 284 shares withheld for taxes. The 284-share entry is coded as a sale but the issuer explains it only withheld shares to satisfy tax obligations on the transfer, using a reference price of $73.92 per share. After these transactions, Dimovic directly holds 8,562 common shares.
Millicom International Cellular SA director Bruce Churchill reported equity compensation activity involving the company’s common shares. On 20 May 2026, he received a grant of 1,420 common shares, recorded at no cash price. In connection with this award, the issuer withheld 284 common shares to satisfy tax obligations incurred upon transfer, based on a reference value of $73.92 per share. After these transactions, Churchill directly holds 26,729 common shares of Millicom.
MILLICOM INTERNATIONAL CELLULAR SA director Maria Teresa Arnal reported a compensation-related share grant combined with tax withholding. She received 1,420 Common Shares as a grant or award, while 284 Common Shares were withheld by the issuer solely to cover tax obligations on the transfer.
Following these transactions, she directly holds 14,163 Common Shares. Because the 284-share disposition was tax withholding rather than an open-market sale, the activity mainly reflects routine equity compensation rather than a discretionary trade in the company’s stock.