Millicom (TIGO)

• Market cap: $4.14B
• 1 day: -0.90%
• 5 days: -3.08%
• 1 month: -8.91%
• 3 months: -13.68%
• 6 months: 2.54%
• Year to date: 34.02%
• 1 year: 34.91%
• 5 years: -49.94%
• 10 years: -63.85%

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 41 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: 15,000

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

54% more call options, than puts

Call options by funds: $105K | Put options by funds: $68K

3% more capital invested

Capital invested by funds: $216M [Q2] → $223M (+$6.83M) [Q3]

0% more funds holding

Funds holding: 95 [Q2] → 95 (+0) [Q3]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]

0% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 19

0.37% less ownership

Funds ownership: 5.15% [Q2] → 4.79% (-0.37%) [Q3]

18% less repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 33