Millicom
TIGO

$27.39

1.52%

Market Cap: $4.69B

About: Millicom offers wireless and fixed-line telecom services primarily in smaller, less developed countries in Latin America. Countries served include Bolivia (100% owned), Nicaragua (100%), Panama (100%), El Salvador (100%), Guatemala (100%), Paraguay (100%), Colombia (50%), Costa Rica (100%), and Honduras (67% but not controlled or consolidated in the firm's financial statements). The firm's fixed-line networks reach 13 million homes while its wireless networks cover about 120 million people. Increasingly, Millicom offers a converged package that may include fixed-line phone, broadband, and pay television in conjunction with wireless services. The firm plans to carve out its infrastructure assets and mobile financial services business in 2024.

Employees: 15,000

0

Funds holding %

of 6,710 funds

0

Analysts bullish %

of 4 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

300% more first-time investments, than exits

New positions opened: 28 | Existing positions closed: 7

30% more repeat investments, than reductions

Existing positions increased: 30 | Existing positions reduced: 23

29% more funds holding

Funds holding: 73 [Q1] → 94 (+21) [Q2]

27% more capital invested

Capital invested by funds: $168M [Q1] → $214M (+$46M) [Q2]

0% more call options, than puts

Call options by funds: $9.89M | Put options by funds: $9.85M

0.27% more ownership

Funds ownership: 4.82% [Q1] → 5.09% (+0.27%) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]

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Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$30

10%

upside

Avg. target

$32

17%

upside

High target

$35

28%

upside

4 analyst ratings

3 positive

75%

1 neutral

25%

0 negative

0%

JP Morgan Marcelo Santos 71% 1-year accuracy 5 / 7 met price target	28%upside $35	Overweight Reinstated	6 Sept 2024
UBS Leonardo Olmos 50% 1-year accuracy 3 / 6 met price target	20%upside $33	Buy Upgraded	15 Aug 2024
Scotiabank Andres Coello 71% 1-year accuracy 5 / 7 met price target	10%upside $30	Sector Perform Downgraded	7 Aug 2024
Scotiabank Andres Coello 71% 1-year accuracy 5 / 7 met price target	10%upside $30	Sector Outperform Maintained	21 Jun 2024

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Financial journalist opinion

Based on 4 articles about TIGO published over the past 30 days

Millicom (Tigo) Executive Chair Mauricio Ramos steps down as Chair of the Board Maxime Lombardini to assume as Non-Executive Interim Chair

Millicom (Tigo) Executive Chair Mauricio Ramos steps down as Chair of the Board Maxime Lombardini to assume as Non-Executive Interim Chair

Millicom (Tigo) Executive Chair Mauricio Ramos steps down as Chair of the Board Maxime Lombardini to assume as Non-Executive Interim Chair

Millicom (Tigo) subsidiary Telefónica Celular del Paraguay S.A.E. announces its intent to partially redeem Senior Notes due 2027

Millicom (Tigo) subsidiary Telefónica Celular del Paraguay S.A.E. announces its intent to partially redeem Senior Notes due 2027

Millicom (Tigo) subsidiary Telefónica Celular del Paraguay S.A.E. announces its intent to partially redeem Senior Notes due 2027

Millicom (Tigo) files standard form for notification of major holdings

Millicom (Tigo) files standard form for notification of major holdings Luxembourg, September 06, 2024 – Millicom International Cellular S.A. announced today the CSSF regulatory filing of the form: Standard form for notification of major holdings (attachment).

Millicom (Tigo) files standard form for notification of major holdings

Millicom announces expiration of consent solicitations

Millicom announces expiration of consent solicitations Luxembourg, August 23, 2024 – Millicom International Cellular S.A. (“Millicom”) today announced the expiration of its previously announced solicitation of consents from the holders of record on August 2, 2024 of its 6.625% Senior Notes due 2026, 5.125% Senior Notes due 2028, 6.250% Senior Notes due 2029, 4.500% Senior Notes due 2031 and 7.375% Senior Notes due 2032 (collectively, the “Notes”) to amend certain provisions of the indentures governing the Notes (the “Proposed Amendments”), and that the Proposed Amendments will not be made.

Millicom announces expiration of consent solicitations

Millicom announces extension of consent solicitations

Millicom announces extension of consent solicitations Luxembourg, August 15, 2024 – Millicom International Cellular S.A. (“Millicom”) today announced the extension of the period during which it will solicit consents (each, a “Consent”) from the holders of record on August 2, 2024 of its 6.625% Senior Notes due 2026 (CUSIP No.

Millicom announces extension of consent solicitations

Atlas responds to recommendation of the Independent Committee of the Board of Directors of Millicom International Cellular S.A.

Luxembourg, Aug. 13, 2024 (GLOBE NEWSWIRE) -- This announcement is not an offer, whether directly or indirectly, in Australia, Belarus, Canada, Hong Kong, Japan, New Zealand, Singapore, South Africa or Russia or in any other jurisdiction where such offer would be prohibited by applicable law pursuant to legislation, restrictions and regulations in the relevant jurisdiction. Shareholders not resident in Sweden or the United States who wish to accept the offers must make inquiries concerning applicable legislation and possible tax consequences. Shareholders should refer to the offer restrictions included in the section titled “Important notice” at the end of this announcement and in the offer to purchase which has been published on the website for the offers (www.atlas-investissement.com/en/offers). United States shareholders should refer to the section titled “Important Information” and “Special Notice to shareholders in the United States” at the end of this announcement.

Atlas responds to recommendation of the Independent Committee of the Board of Directors of Millicom International Cellular S.A.

Atlas Luxco S.à r.l. publishes a supplement to the offer document pursuant to the Swedish Offer regarding its public offers to the shareholders of Millicom International Cellular S.A.

Luxembourg, Aug. 09, 2024 (GLOBE NEWSWIRE) -- This announcement is not an offer, whether directly or indirectly, in Australia, Belarus, Canada, Hong Kong, Japan, New Zealand, Singapore, South Africa or Russia or in any other jurisdiction where such offer would be prohibited by applicable law pursuant to legislation, restrictions and regulations in the relevant jurisdiction. Shareholders not resident in Sweden or the United States who wish to accept the Offers (as defined below) must make inquiries concerning applicable legislation and possible tax consequences. Shareholders should refer to the offer restrictions included in the section titled “Important notice” at the end of this announcement and in the Offer to Purchase (as defined below) which has been published on the website for the Offers (www.atlas-investissement.com/en/offers). United States shareholders should refer to the section titled “Important Information” and “Special Notice to Shareholders in the United States” at the end of this announcement.

Atlas Luxco S.à r.l. publishes a supplement to the offer document pursuant to the Swedish Offer regarding its public offers to the shareholders of Millicom International Cellular S.A.

The independent committee of the Board of Directors of Millicom (Tigo) continues to believe the public cash offers made by Atlas Luxco S.à r.l. significantly undervalue Millicom's shares and SDRs and reiterates recommendation not to tender

The independent committee of the Board of Directors of Millicom (Tigo) continues to believe the public cash offers made by Atlas Luxco S.à r.l. significantly undervalue Millicom's shares and SDRs and reiterates recommendation not to tender

The independent committee of the Board of Directors of Millicom (Tigo) continues to believe the public cash offers made by Atlas Luxco S.à r.l. significantly undervalue Millicom's shares and SDRs and reiterates recommendation not to tender

Atlas Luxco S.à r.l. publishes a supplement to the offer document pursuant to the Swedish Offer regarding its public offers to the shareholders of Millicom International Cellular S.A.

Luxembourg, Aug. 08, 2024 (GLOBE NEWSWIRE) -- This announcement is not an offer, whether directly or indirectly, in Australia, Belarus, Canada, Hong Kong, Japan, New Zealand, Singapore, South Africa or Russia or in any other jurisdiction where such offer would be prohibited by applicable law pursuant to legislation, restrictions and regulations in the relevant jurisdiction. Shareholders not resident in Sweden or the United States who wish to accept the Offers (as defined below) must make inquiries concerning applicable legislation and possible tax consequences. Shareholders should refer to the offer restrictions included in the section titled “Important notice” at the end of this announcement and in the Offer to Purchase (as defined below) which has been published on the website for the Offers (www.atlas-investissement.com/en/offers). United States shareholders should refer to the section titled “Important Information” and “Special Notice to Shareholders in the United States” at the end of this announcement.

Atlas Luxco S.à r.l. publishes a supplement to the offer document pursuant to the Swedish Offer regarding its public offers to the shareholders of Millicom International Cellular S.A.

Millicom's (Tigo) Independent Committee Reviewing Revised Tender Offers from Atlas Luxco S.à r.l

Millicom's (Tigo) Independent Committee Reviewing Revised Tender Offers from Atlas Luxco S.à r.l Luxembourg, August 06, 2024 – On August 2, 2024, Atlas Luxco S.

Millicom's (Tigo) Independent Committee Reviewing Revised Tender Offers from Atlas Luxco S.à r.l

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