MillicomTIGO
TIGO
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%), and Honduras (67% but not controlled or consolidated in the firm's financial statements). The firm's wireless networks cover about 120 million people, serving 42 million customers. Its fixed-line networks reach 14 million homes, serving about 4 million broadband customers. Increasingly, Millicom offers converged packages that include broadband with wireless services. The firm has agreed to sell the majority of its wireless towers to SBA Communications for $975 million.
Employees: 14,000
0
Funds holding %
of 7,407 funds
0
Analysts bullish %
of 4 analysts
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
55% more call options, than puts
Call options by funds: $113K | Put options by funds: $73K
26% more capital invested
Capital invested by funds: $223M [Q3] → $281M (+$57.8M) [Q4]
1.74% more ownership
Funds ownership: 4.79% [Q3] → 6.53% (+1.74%) [Q4]
1% more funds holding
Funds holding: 96 [Q3] → 97 (+1) [Q4]
7% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 14
0% more funds holding in top 10
Funds holding in top 10: 1 [Q3] → 1 (+0) [Q4]
12% less repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 33
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$32
1%
downside
Avg. target
$37
13%
upside
High target
$41
26%
upside
4 analyst ratings
2 positive
50%
2 neutral
50%
0 negative
0%
Barclays Mathieu Robilliard 40% 1-year accuracy 2 / 5 met price target | 11%upside $36 | Equal-Weight Maintained | 3 Apr 2025 |
JP Morgan Marcelo Santos 50% 1-year accuracy 3 / 6 met price target | 26%upside $41 | Overweight Maintained | 3 Apr 2025 |
Scotiabank Andres Coello 50% 1-year accuracy 8 / 16 met price target | 17%upside $38 | Sector Outperform Maintained | 28 Feb 2025 |
Morgan Stanley Cesar Medina 0 / 0 met price target | 1%downside $32 | Equal-Weight Initiated | 29 Jan 2025 |
Financial journalist opinion
Based on 4 articles about TIGO published over the past 30 days
Neutral
GlobeNewsWire
1 week ago
Convening Notice for Annual General Meeting and Extraordinary General Meeting of Shareholders
Convening Notice for Annual General Meeting and Extraordinary General Meeting of Shareholders MILLICOM INTERNATIONAL CELLULAR S.A. Registered Address : 148-150, Boulevard de la Pétrusse L-2330, Grand Duchy of Luxembourg – R.C.S.
Neutral
GlobeNewsWire
1 week ago
Millicom (Tigo) releases its 2024 Annual Report, marking a year of transformation in Latin America's telecommunications industry
Millicom (Tigo) releases its 2024 Annual Report, marking a year of transformation in Latin America's telecommunications industry
Positive
Seeking Alpha
1 week ago
Millicom International Cellular Has Reset The Base (Rating Upgrade)
Millicom International Cellular S.A. significantly reduced its cost base, boosting FY 2024 operating profit by 63% on just 2.5% revenue growth. These savings are sustainable and expected to continue into FY 2025, enabling. While overall TIGO revenue growth remains moderate, key segments like postpaid wireless, digital services, and bundled home services are accelerating, supporting future upside. Foreign exchange and legal risks remain, but are balanced by strong cash flow, margin expansion, and rapid debt reduction (from 3.29x to 2.42x leverage in one year).
Neutral
GlobeNewsWire
3 weeks ago
Millicom (Tigo) completes delisting from Nasdaq Stockholm and SEB informs Millicom of its intent to initiate the sale of shares not withdrawn from SDR program
Millicom (Tigo) completes delisting from Nasdaq Stockholm and SEB informs Millicom of its intent to initiate the sale of shares not withdrawn from SDR program
Neutral
GlobeNewsWire
1 month ago
Notification of transaction by a closely associated person of a Director of Millicom (Tigo)
Notification of transaction by a closely associated person of a Director of Millicom (Tigo) Luxembourg, March 20, 2025 – Millicom International Cellular S.A. ("Millicom") announces that, on March 17, 2025, Atlas S.A.S.
Neutral
GlobeNewsWire
1 month ago
Millicom's Nomination Committee's proposal for Board of Directors
Millicom's Nomination Committee's proposal for Board of Directors Luxembourg, March 17, 2025 – In advance of the Annual General Meeting of shareholders (“AGM”) of Millicom International Cellular S.A. (“Millicom”), to be held on May 21, 2025, Millicom's Nomination Committee proposes: The election of Pierre-Alain Allemand as new member of the Board of Directors; The re-election of Maxime Lombardini, Jules Niel, Pierre-Emmanuel Durand, María Teresa Arnal, Bruce Churchill, Blanca Treviño de Vega and Justine Dimovic as members of the Board; and The election of Maxime Lombardini as Chair of the Board.
Neutral
GlobeNewsWire
1 month ago
Notification of transaction by a closely associated person of a Director of Millicom (Tigo)
Notification of transaction by a closely associated person of a Director of Millicom (Tigo) Luxembourg, March 17, 2025 – Millicom International Cellular S.A. ("Millicom") announces that, on March 14, 2025, Atlas S.A.S.
Neutral
GlobeNewsWire
1 month ago
Millicom (Tigo) share repurchase activity
Millicom (Tigo) share repurchase activity Luxembourg, March 17, 2025 - Pursuant to the share repurchase program announced on November 29, 2024, Millicom repurchased 315,930 of its Swedish Depository Receipts (SDRs) and 736,800 of its common shares between March 10, 2025, and March 14, 2025, as detailed in the table below. Exchange Nasdaq Stockholm Nasdaq Stock Market Trade Date Number of SDRs repurchased Average price paid* (SEK) Repurchase amount* (SEK) Number of shares repurchased Average price paid* (USD) Repurchase amount* (USD) 2025-03-10 103 000 295.3982 30 426 015 161 700 29.1766 4 717 856 2025-03-11 102 930 301.0125 30 983 217 161 700 29.6205 4 789 635 2025-03-12 110 000 297.8792 32 766 712 161 700 29.8143 4 820 972 2025-03-13 161 700 29.6426 4 793 208 2025-03-14 90 000 30.2072 2 718 648 * Excluding commissions All purchases were carried out on Nasdaq Stockholm and on the Nasdaq Stock Market by Citigroup Global Markets Limited and Citigroup Global Markets Inc. respectively, on behalf of Millicom.
Neutral
GlobeNewsWire
1 month ago
Millicom (Tigo) and Telefonica sign definitive sale-purchase agreement in Colombia
Millicom (Tigo) and Telefonica sign definitive sale-purchase agreement in Colombia Luxembourg, March 12, 2025 – Pursuant to the announcement on July 31, 2024, Millicom and Telefonica have entered into a definitive agreement for the acquisition by Millicom of Telefonica's controlling 67.5% equity stake in Coltel, subject to closing conditions including regulatory approvals. Millicom has also agreed to offer to purchase the remaining 32.5% of Coltel equity owned by La Nación and other investors at the same purchase price per share offered to Telefonica.
Positive
Zacks Investment Research
1 month ago
Are Investors Undervaluing Millicom International Cellular (TIGO) Right Now?
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