Millicom International Cellular S.A.

Millicom International Cellular SA engages in the cable and mobile services. It operates through the Latin America and Africa geographical segments. The Latin America segment includes the Guatemala and Honduras joint ventures. The Africa segment comprises of the operations in Tanzania. The company was founded on December 14, 1990 and is headquartered in Luxembourg.

Earnings data Q1 2021

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Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Millicom (TIGO) excels in Q2 with strong financial growth and operational resilience

Millicom International Cellular S.A. (TIGO) demonstrated strong operational performance and financial growth in Q2 2024, driven by revenue diversification and efficiency initiatives.
The company's focus on profitability, customer-centric strategies, and financial discipline positions it well for achieving its 2024 targets and sustaining growth.
While facing challenges in maintaining growth momentum and implementing efficiency measures, strategic projects and market opportunities offer avenues for continued success.
Overall, Millicom's Q2 performance highlights its resilience, operational excellence, and strategic focus on driving sustainable growth and financial strength.

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Millicom (Tigo) Q4 2023 Earnings Release Luxembourg, February 27, 2024 – Millicom is pleased to announce its fourth quarter 2023 results. Please find below links to the Q4 2023 Earnings Release and IAS 34 Interim Condensed Consolidated Financial Statements.

Millicom (Tigo) Q4 2023 Earnings Release

Millicom (Tigo) appoints Aude Durand to its Board of Directors Luxembourg, February 26, 2024 –Millicom announces the appointment of Aude Durand to its Board of Directors, effective today.  In accordance with Millicom's Articles of Association, Millicom's Board of Directors, with the approval of Millicom's Nomination Committee, has appointed Ms.

Millicom (Tigo) appoints Aude Durand to its Board of Directors

Harmonic

Millicom Leverages Harmonic's Unique Hybrid Fiber-Cable, Node-Based Solution to Offer High-Speed Fiber to the Home Broadband  SAN JOSE, Calif. , Feb. 20, 2024 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that Millicom (NASDAQ: TIGO), a leading provider of fixed and mobile telecommunications services in Latin America through the TIGO® brand, has successfully launched XGS-PON fiber-to-the-home (FTTH) with Harmonic's industry-leading cOS® broadband platform.

Millicom Accelerates Fiber Deployments with Harmonic

Millicom (Tigo) notice of fourth quarter 2023 results and video conference Luxembourg, February 8, 2024 – Millicom expects to announce its fourth quarter 2023 results on February 27, 2024 via a press release. Millicom is planning to host a video conference for the global financial community on February 27, 2024 at 14:00 (Stockholm) / 13:00 (London) / 08:00 (Miami).

Millicom (Tigo) notice of fourth quarter 2023 results and video conference

Tigo Colombia to sell towers to KKR Luxembourg, January 24, 2024 - Millicom (NASDAQ: TIGO) announces today that its subsidiary Tigo Colombia has agreed to sell approximately 1,100 wireless communications towers to affiliates of investment funds managed by KKR, a leading global investment firm. KKR plans to work in partnership with NEXO LatAm, a digital infrastructure platform that supports the implementation of KKR's infrastructure strategy throughout Latin America.

Tigo Colombia to sell towers to KKR

The company has revised its 2022-2024 equity free cash flow guidance from $500 million to $600 million, indicating a positive outlook. Despite an expected dip in 2023 revenue and profit, the underlying business is improving, with cost restructuring efforts exceeding expectations and one-time items skewing profitability figures. Considering the current trends and updated free cash flow guidance, a DCF analysis yields a price target of $20.50, representing a 14% upside from current pricing.

Millicom International Cellular Setting Up For A Great 2024

Millicom (Tigo) raises target and launches share repurchase program   Luxembourg, December 14, 2023 – Millicom announced today changes to its financial target and the launch of a new share repurchase program to fund employee share plans. Raised target Millicom is raising its target of cumulative Equity Free Cash Flow (EFCF1) for the 2022-2024 period to “around $600 million”, from “at least $500 million” previously.

Millicom (Tigo) raises target and launches share repurchase program

Millicom International Cellular S.A. (NASDAQ:TIGO ) Q3 2023 Earnings Conference Call October 26, 2023 8:00 AM ET Company Participants Mauricio Ramos - CEO Sheldon Bruha - CFO Maxime Lombardini - President and COO Conference Call Participants Oscar Ronnkvist - ABG Phani Kanumuri - HSBC Marcelo Santos - JPMorgan Stefan Gauffin - DNB Markets Eduardo Nieto - JPMorgan Fredrik Lithell - Handelsbanken Operator Hello, everyone.

Millicom International Cellular S.A. (TIGO) Q3 2023 Earnings Call Transcript

Luxembourg, October 26, 2023 – Millicom is pleased to announce its third quarter 2023 results. Please find below links to the Q3 2023 Earnings Release and IAS 34 Interim Condensed Consolidated Financial Statements.

Millicom (Tigo) Q3 2023 Earnings Release

Millicom (Tigo) announces the Nomination Committee ahead of the 2024 Annual General Meeting Luxembourg, October 24, 2023 – In accordance with the resolution of the 2023 Annual General Meeting of Millicom International Cellular S.A. (“Millicom”) held on May 31, 2023, the Nomination Committee has been formed in consultation with the largest shareholders of Millicom as of the last business day of June 2023.

Millicom (Tigo) announces the Nomination Committee ahead of the 2024 Annual General Meeting

Millicom (Tigo) notice of third quarter 2023 results and video conference Luxembourg, October 18, 2023 – Millicom expects to announce its third quarter 2023 results on October 26, 2023, via a press release. Millicom is planning to host a video conference for the global financial community on October 26, 2023, at 14:00 (Stockholm) / 13:00 (London) / 08:00 (Miami).

Millicom (Tigo) notice of third quarter 2023 results and video conference

Millicom (Tigo) and EPM agree to jointly capitalize UNE EPM Telecomunicaciones S.A. (Tigo-UNE) Luxembourg, October 13, 2023 – Millicom announced today an agreement between Millicom and Empresas Públicas de Medellin (“EPM”) to jointly capitalize UNE EPM Telecomunicaciones S.A.

Millicom (Tigo) and EPM agree to jointly capitalize UNE EPM Telecomunicaciones S.A. (Tigo-UNE)

My previous article on Millicom is over 10 months old, but the company has shown impressive overall trends compared to other telcos. My position in the company is too small to celebrate any victory, but I want to update the long-term thesis on Millicom. I am considering the possibility of investing more deeply in Millicom in the future.

Millicom International Cellular: Revisiting The Upside After Over A Year

Millicom (Tigo) announces changes in the Board of Directors and in the executive leadership Luxembourg, August 31, 2023 –Millicom announces that José Antonio Ríos García has resigned from the Board of Directors, effective today in order to pursue other professional endeavors. The Board of Directors unanimously expresses its immense gratitude to José Antonio for his outstanding leadership as Board Chair since 2019 and as Board Director since 2017.

Millicom (Tigo) announces changes in the Board of Directors and in the executive leadership

Millicom International Cellular S.A. (NASDAQ:TIGO ) Q2 2023 Earnings Conference Call July 27, 2023 8:00 AM ET Company Participants Mauricio Ramos - CEO Sheldon Bruha - CFO Conference Call Participants Andres Coello - Scotiabank Marcelo Santos - JP Morgan Phani Kanumuri - HSBC Fredrik Lithell - Handelsbanken Lucas Chaves - UBS Stefan Ward - Pareto Partners Operator Hello, everyone.

Millicom International Cellular S.A. (TIGO) Q2 2023 Earnings Call Transcript

Millicom (Tigo) Q2 2023 Earnings Release Luxembourg, July 27, 2023 – Millicom is pleased to announce its second quarter 2023 results. Please find below links to the Q2 2023 Earnings Release and IAS 34 Interim Condensed Consolidated Financial Statements.

Millicom (Tigo) Q2 2023 Earnings Release

Millicom International Cellular's net income fell 87% in Q1 2023, causing a 15% drop in share price; however, the company is pursuing growth opportunities and restructuring for long-term profitability. The company's Project Everest is expected to result in $50 million in net savings in 2023 and $100 million in 2024, significantly impacting the company's profitability. Despite potential risks such as discounting and foreign exchange challenges, I believe Millicom's stock is a buy due to its growth potential and depressed valuation.

Millicom International Cellular Has Numerous Paths To Growth

Millicom (Tigo) notice of second quarter 2023 results and video conference Luxembourg, July 12, 2023 – Millicom expects to announce its second quarter 2023 results on July 27, 2023 via a press release. Millicom is planning to host a video conference for the global financial community on July 27, 2023 at 14:00 (Stockholm) / 13:00 (London) / 08:00 (Miami).

Millicom (Tigo) notice of second quarter 2023 results and video conference

Millicom (Tigo) updates its financial targets Luxembourg, June 28, 2023 – Millicom informs that it now expects to achieve lower than previously expected cumulative equity free cash flow for the three years up to and including 2024. Millicom now targets cumulative equity free cash flow of at least $500 million for the 2022-2024 period, as compared to the prior target of between $800 million to $1 billion.

Millicom (Tigo) updates its financial targets

Latin America's telecom sector is projected to grow by 4.4% from 2022 to 2025, with Millicom being a major player in the market, focusing on countries like Colombia, Panama, and Costa Rica. Millicom's debt stands at $6.8 billion, up 70% from 2017, but the company's operating profit has grown at an annual pace of 12.3%, showing potential for improvement and debt management. A discounted cash flow model yields a stock price of $53.56 for Millicom, indicating a potential upside for investors, but risks include emerging market challenges and market sentiment.

Millicom International Cellular: There Is Plenty To Fix, But Potential Upside

Millicom (Tigo) to hold the third edition of the Regional Congress of its flagship program Maestr@s Conectad@s The event, which aims at enhancing the digital skills of educators in Latin America will take place virtually on June 29th, featuring five international speakers. Luxembourg, June 20th, 2023 – Millicom (Tigo) holds the Third Congress of Maestr@s Conectad@s, an initiative focused on enhancing teachers' and educators' digital skillsets and educational capabilities.

Millicom (Tigo) to hold the third edition of the Regional Congress of its flagship program Maestr@s Conectad@s

Millicom (Tigo) announces termination of discussions on a potential transaction Luxembourg, June 15, 2023 – Millicom announces that discussions with Apollo Global Management and Claure Group regarding a potential acquisition of all outstanding shares in Millicom have terminated. These discussions were referenced by Millicom in a press release it issued on January 25, 2023.

Millicom (Tigo) announces termination of discussions on a potential transaction

Results of the Millicom (Tigo) AGM and EGM held today Luxembourg, May 31, 2023 – Millicom International Cellular S.A. (“ Millicom ”) held its Annual General Meeting (“AGM”) and Extraordinary General Meeting (“EGM”) of shareholders today.

Results of the Millicom (Tigo) AGM and EGM held today

Millicom Notifies Noteholders of Early Redemption Luxembourg, May 10 , 2023 – Millicom has notified holders of its SEK 2,000,000,000 STIBOR plus 2.35% Senior Unsecured Floating Rate Sustainability Notes due 2024 (ISIN SE0012454841) (the "Notes") of the early voluntary redemption of the Notes in full. The Notes will be redeemed on J une 8, 2023, at which time the redemption price will be paid to holders of record as at May 31, 2023.

Millicom Notifies Noteholders of Early Redemption

Millicom International Cellular S.A. (NASDAQ:TIGO ) Q1 2023 Earnings Conference Call April 27, 2023 8:00 AM ET Company Participants Mauricio Ramos - CEO Sheldon Bruha - CFO Conference Call Participants Andres Coello - Scotiabank Marcelo Santos - JPMorgan Soomit Datta - New Street Research Lucas Chaves - UBS Fredrik Lithell - Handelsbanken Phani Kanumuri - HSBC Operator Hello, everyone.

News for Millicom International Cellular S.A. Stock (TIGO)