
The fast-track 5G rollout and solid wireless traction should help the Zacks Wireless Non-US industry thrive despite short-term headwinds. KDDIY, TIGO and SFTBY are well-positioned to capitalize on the demand for seamless connectivity solutions.
Millicom International Cellular SA offers mobile and cable services in Latin America and Africa. The company is headquartered in Luxembourg.
| Revenue (TTM) | $7.25B |
| Gross Profit (TTM) | $5.55B |
| EBITDA | $3.10B |
| Operating Margin | 20.70% |
| Return on Equity | 21.70% |
| Return on Assets | 5.87% |
| Revenue/Share (TTM) | $43.33 |
| Book Value | $14.64 |
| Price-to-Book | 6.27 |
| Price-to-Sales (TTM) | 1.92 |
| EV/Revenue | 3.759 |
| EV/EBITDA | 8.02 |
| Quarterly Earnings Growth (YoY) | -84.00% |
| Quarterly Revenue Growth (YoY) | 59.40% |
| Shares Outstanding | $167.71M |
| Float | $90.05M |
| % Insiders | 46.07% |
| % Institutions | 49.54% |
Volatility is currently expanding

The fast-track 5G rollout and solid wireless traction should help the Zacks Wireless Non-US industry thrive despite short-term headwinds. KDDIY, TIGO and SFTBY are well-positioned to capitalize on the demand for seamless connectivity solutions.

MU, EQNR, PR, SHEL and TIGO have been added to the Zacks Rank #1 (Strong Buy) List on October 7th, 2026.

PAGP, TIGO, SHEL made it to the Zacks Rank #1 (Strong Buy) income stocks list on October 7th, 2026.

Five dividend stocks go ex-dividend within the next three trading days, but their yields tell only part of the story. The coverage behind those payouts ranges from rock-solid to genuinely alarming, and the clock is already running.

Millicom International Cellular (TIGO) delivered a strong Q2, with adjusted EBITDA surpassing $1 billion and record equity free cash flow, prompting a guidance raise. Recent acquisitions, especially Coltel in Colombia, are already accretive to equity free cash flow and integration is ahead of plan across key markets. Management increased full-year equity free cash flow guidance by over 20% and improved the leverage target, supporting a $4.50 per share AGM-to-AGM dividend.

Millicom International Cellular NASDAQ: TIGO reported second-quarter 2026 service revenue of $2 billion, up 5.4% organically year over year and 60.1% on a reported basis, as its prepaid-to-postpaid migration strategy, pricing actions and recent acquisitions supported growth. Adjusted EBITDA reached a company record of $1 billion, while equity free cash flow rose more than 50% from a year earlier to a record $327 million.

Millicom International Cellular S.A. (TIGO) Q2 2026 Earnings Call Transcript

Millicom International Cellular SA (TIGO) came out with quarterly earnings of $0.64 per share, beating the Zacks Consensus Estimate of $0.54 per share. This compares to earnings of $0.51 per share a year ago.

Millicom (Tigo) raises 2026 Financial Guidance and declares $1.50 per share interim dividend Luxembourg, August 06, 2026 – Millicom International Cellular S.A. (“Millicom” or the “Company”) today announced an increase to its 2026 Equity Free Cash Flow (“EFCF”) target, a reduction in its year-end leverage target, and the declaration of an interim dividend.

Millicom (Tigo) Q2 2026 Earnings Release Luxembourg, August 6, 2026 – Millicom is pleased to announce its second quarter 2026 results. Please find below the links to the Q2 2026 Earnings Release and IAS 34 Interim Condensed Consolidated Financial Statements.
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