Millicom International Cellular S.A. (TIGO)

LU — Communication Services Sector
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Key Metrics & Ratings

  • symbol TIGO
  • Rev/Share 33.6272
  • Book/Share 19.8123
  • PB 1.8193
  • Debt/Equity 2.1022
  • CurrentRatio 0.7603
  • ROIC 0.0763

 

  • MktCap 6264294400.0
  • FreeCF/Share 6.0372
  • PFCF 6.1311
  • PE 17.4019
  • Debt/Assets 0.521
  • DivYield 0.0481
  • ROE 0.0977

 

  • Rating B
  • Score 3
  • Recommendation Neutral
  • P/E Score 2
  • DCF Score 3
  • P/B Score 3
  • D/E Score 1

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
Initiation TIGO Morgan Stanley -- Equal Weight -- $32 Jan. 29, 2025
Upgrade TIGO HSBC Securities Hold Buy -- $34 Jan. 22, 2025
Upgrade TIGO Scotiabank Sector Perform Sector Outperform -- -- Sept. 20, 2024
Resumed TIGO JP Morgan -- Overweight -- $35 Sept. 6, 2024

News

Millicom International Cellular (TIGO) Moves to Strong Buy: Rationale Behind the Upgrade
TIGO
Published: May 26, 2025 by: Zacks Investment Research
Sentiment: Positive

Millicom International Cellular (TIGO) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

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image for news Millicom International Cellular (TIGO) Moves to Strong Buy: Rationale Behind the Upgrade
Telefonica sells Uruguay unit to Millicom for $440 million
TEF, TIGO
Published: May 22, 2025 by: Reuters
Sentiment: Positive

Spanish telecom company Telefonica said on Wednesday it agreed to sell its Uruguayan unit for $440 million to Luxembourg-based Millicom International as part of its strategy to exit Spanish-speaking Latin America.

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image for news Telefonica sells Uruguay unit to Millicom for $440 million
Millicom (Tigo) cancels 3,096,305 treasury shares
TIGO
Published: May 21, 2025 by: GlobeNewsWire
Sentiment: Neutral

Millicom (Tigo) cancels 3,096,305 treasury shares Luxembourg, May 21, 2025 – The Board of Directors of Millicom International Cellular S.A. (“Millicom ” or the “Company”) approved the cancellation of 3,096,305 shares that will not be used for compensation programs, pursuant to the authorization granted by the extraordinary general meeting of shareholders held today and the share repurchase plan approved by the annual general meeting of shareholders held on May 23, 2024.

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image for news Millicom (Tigo) cancels 3,096,305 treasury shares
Results of the Millicom (Tigo) AGM and EGM held today
TIGO
Published: May 21, 2025 by: GlobeNewsWire
Sentiment: Neutral

Results of the Millicom (Tigo) AGM and EGM held today Luxembourg, May 21, 2025 – Millicom International Cellular S.A. (“Millicom ”) held its Annual General Meeting (“AGM”) and Extraordinary General Meeting (“EGM”) of shareholders today.

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image for news Results of the Millicom (Tigo) AGM and EGM held today
ATIS Group to Acquire Lati Paraguay from Millicom, Expanding Tower Footprint in the Southern Cone
TIGO
Published: May 08, 2025 by: Business Wire
Sentiment: Neutral

BUENOS AIRES, Argentina--(BUSINESS WIRE)--ATIS Group (“ATIS”), a leading digital infrastructure provider in Latin America, today announced that it has entered into a definitive agreement, signed on April 26, 2025, with Millicom (NASDAQ: TIGO) to acquire Lati Paraguay, a subsidiary owning approximately 300 wireless communications towers in Paraguay. This transaction marks another milestone in ATIS's strategic expansion across the Southern Cone, reinforcing its position as the region's premier in.

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image for news ATIS Group to Acquire Lati Paraguay from Millicom, Expanding Tower Footprint in the Southern Cone
Millicom International Cellular SA (TIGO) Q1 Earnings Beat Estimates
TIGO
Published: May 08, 2025 by: Zacks Investment Research
Sentiment: Positive

Millicom International Cellular SA (TIGO) came out with quarterly earnings of $1.14 per share, beating the Zacks Consensus Estimate of $0.91 per share. This compares to earnings of $0.54 per share a year ago.

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image for news Millicom International Cellular SA (TIGO) Q1 Earnings Beat Estimates
Millicom (Tigo) Q1 2025 Earnings Release
TIGO
Published: May 08, 2025 by: GlobeNewsWire
Sentiment: Neutral

Millicom (Tigo) Q1 2025 Earnings Release Luxembourg, May 8, 2025 – Millicom is pleased to announce its first quarter 2025 results. Please find below links to the Q1 2025 Earnings Release and IAS 34 Interim Condensed Consolidated Financial Statements.

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image for news Millicom (Tigo) Q1 2025 Earnings Release
Millicom International Cellular Has Reset The Base (Rating Upgrade)
TIGO
Published: April 08, 2025 by: Seeking Alpha
Sentiment: Positive

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).

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image for news Millicom International Cellular Has Reset The Base (Rating Upgrade)
Millicom (Tigo) share repurchase activity
TIGO
Published: March 17, 2025 by: GlobeNewsWire
Sentiment: Neutral

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 …

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image for news Millicom (Tigo) share repurchase activity
Millicom (Tigo) share repurchase activity
TIGO
Published: March 10, 2025 by: GlobeNewsWire
Sentiment: Neutral

Millicom (Tigo) share repurchase activity Luxembourg, March 10, 2025 - Pursuant to the share repurchase program announced on November 29, 2024, Millicom repurchased 344,250 of its Swedish Depository Receipts (SDRs) and 434,700 of its common shares between February 28, 2025, and March 07, 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) 2025-02-28 1 900 25.7368 48 900 2025-03-03 3 215 276.5466 889 097 2025-03-04 77 000 270.6014 20 836 308 108 …

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image for news Millicom (Tigo) share repurchase activity
Millicom International Cellular S.A. (TIGO) Q4 2024 Earnings Call Transcript
TIGO
Published: February 27, 2025 by: Seeking Alpha
Sentiment: Neutral

Millicom International Cellular S.A. (NASDAQ:TIGO ) Q4 2024 Earnings Conference Call February 27, 2025 8:00 AM ET Company Participants Marcelo Benitez - Chief Executive Officer Bart Vanhaeren - Chief Financial Officer Michel Morin - Vice President of Investor Relations Conference Call Participants Marcelo Santos - JP Morgan Stefan Gauffin - DNB Bank Phani Kanumuri - HSBC Gustavo Farias - UBS Michel Morin Hello, everyone, and welcome to our fourth quarter 2024 results call.

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image for news Millicom International Cellular S.A. (TIGO) Q4 2024 Earnings Call Transcript
Millicom (Tigo) Q4 2024 Earnings Release
TIGO
Published: February 27, 2025 by: GlobeNewsWire
Sentiment: Neutral

Millicom (Tigo) Q4 2024 Earnings Release Luxembourg, February 27, 2025 – Millicom is pleased to announce its fourth quarter 2024 results. Please find below links to the Q4 2024 Earnings Release and IAS 34 Interim Condensed Consolidated Financial Statements.

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image for news Millicom (Tigo) Q4 2024 Earnings Release
Millicom (Tigo) declares $0.75 per share interim dividend to be paid on April 15, 2025
TIGO
Published: February 26, 2025 by: GlobeNewsWire
Sentiment: Neutral

Millicom (Tigo) declares $0.75 per share interim dividend to be paid on April 15, 2025 Luxembourg, February 26, 2025 – In line with the press release published on January 14, 2025, the Board of Directors of Millicom International Cellular S.A. (“Millicom”) approved the interim dividend of $0.75 per share to be paid on April 15, 2025 (the “Payment Date”).

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image for news Millicom (Tigo) declares $0.75 per share interim dividend to be paid on April 15, 2025
Remuneration of Executives by distribution of Millicom (Tigo) shares
TIGO
Published: February 25, 2025 by: GlobeNewsWire
Sentiment: Neutral

Remuneration of Executives by distribution of Millicom (Tigo) shares Luxembourg, February 25, 2025 – Millicom International Cellular S.A. ("Millicom") announces that, in accordance with the vesting terms and conditions of its deferred share-based compensation plans, approved at Millicom's 2022, 2023, and 2024 annual general meetings of shareholders, it has distributed 650,605 treasury shares to eligible plan participants, including 98,255 shares to its executive management.

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image for news Remuneration of Executives by distribution of Millicom (Tigo) shares
Millicom (Tigo) reiterates intention to consolidate listing of shares on NASDAQ U.S. by delisting SDRs from Nasdaq Stockholm
TIGO
Published: February 20, 2025 by: GlobeNewsWire
Sentiment: Neutral

Millicom (Tigo) reiterates intention to consolidate listing of shares on NASDAQ U.S. by delisting SDRs from Nasdaq Stockholm Luxembourg, February 20, 2025 – As previously communicated on November 29, 2024, Millicom International Cellular S.A. (“Millicom”) today reiterated that it intends to file a delisting application with Nasdaq Stockholm on March 3, 2025, which will result in the SDR program being terminated.

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image for news Millicom (Tigo) reiterates intention to consolidate listing of shares on NASDAQ U.S. by delisting SDRs from Nasdaq Stockholm

About Millicom International Cellular S.A. (TIGO)

  • IPO Date 2019-01-09
  • Website https://www.millicom.com
  • Industry Telecommunications Services
  • CEO Mr. Marcelo Benitez
  • Employees 14000

Millicom International Cellular S.A. provides cable and mobile services in Latin America and Africa. The company offers mobile services, including mobile data and voice; short message service; and mobile financial services, such as payments, money transfers, international remittances, savings, real-time loans, and micro-insurance. It also provides cable and other fixed services, including broadband, content, fixed voice, and pay-TV to residential consumers; and fixed, managed services, cloud and security solutions, and value-added services to small, medium, and large businesses, as well as governmental entities. As of December 31, 2021, the company served 44.9 million mobile customers; and 12.7 million cable homes. It markets its products and services under Tigo and Tigo Business brands. The company was founded in 1990 and is headquartered in Luxembourg.