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

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

The independent committee of the Board of Directors of Millicom (Tigo) unanimously recommends that shareholders and SDR holders not accept the public cash offers made by Atlas Luxco S.à r.l. and gives an update on Millicom's long-range plan

Millicom (TIGO) strengthens its cloud service offering business in collaboration with AWS to drive digital transformation across Latin America.

Millicom (TIGO), AWS Team Up to Expand Cloud Service Offerings

Millicom (Tigo) strengthens its cloud services offering for businesses Luxembourg, July 2, 2024 – Millicom announces, through Tigo Business, a new phase in its collaboration with Amazon Web Services (AWS) to jointly continue developing the adoption of cloud services. The two companies have signed a new agreement whereby Tigo Business will elevate its competencies and capabilities to the highest level to meet the growing demand for professional services and become the reference partner for AWS customers.

Millicom (Tigo) strengthens its cloud services offering for businesses

Luxembourg, July 01, 2024 (GLOBE NEWSWIRE) -- Press release This announcement is not an offer, whether directly or indirectly, in Australia, Belarus, Canada, Hong Kong, Japan, New Zealand, Singapore, South Africa or Russia or in any other jurisdiction where such offer would be prohibited by applicable law pursuant to legislation, restrictions and regulations in the relevant jurisdiction. Shareholders not resident in Sweden or the United States who wish to accept the Offers (as defined below) must make inquiries concerning applicable legislation and possible tax consequences.

Offer document regarding Atlas Luxco S.à r.l.'s public offers to the shareholders of Millicom International Cellular S.A.

Independent committee of Millicom (Tigo) board believes anticipated takeover offer by Atlas at a price of US$24 per share would significantly undervalue Millicom in light of expected financial performance

Millicom (Tigo) comments on shareholder communication Luxembourg, May 23, 2024 – The Board of Directors of Millicom International Cellular S.A. (“ Millicom ”) confirms that it received today a non-binding expression of interest from one of its shareholders, Atlas Luxco S.

Millicom (Tigo) comments on shareholder communication

French billionaire Xavier Niel is considering buying out telecom firm Millicom International Cellular S.A. , his investment vehicle Atlas Investissement said on Thursday.

French tycoon Xavier Niel explores buyout bid for Millicom

Millicom (Tigo) share repurchase activity Luxembourg, May 22, 2024 – Pursuant to the share repurchase program announced on December 15, 2023, Millicom repurchased 17,164 of its Swedish Depository Receipts (SDRs) between May 20, 2024 and May 22, 2024, as detailed in the table below. With these transactions, the share repurchase program has concluded, with Millicom repurchasing 2 million shares, for a total amount of SEK 375,950,837 (approximately $35 million).

Millicom (Tigo) share repurchase activity

Millicom International Cellular S.A. (NASDAQ:TIGO ) Q1 2024 Earnings Conference Call May 8, 2024 8:00 AM ET Company Participants Michel Morin - VP, IR Mauricio Ramos - CEO Maxime Lombardini - President and COO Bart Vanhaeren - CFO Conference Call Participants Soomit Datta - New Street Research Stefan Gauffin - DNB Marcelo Santos - JPMorgan Oscar Ronnkvist - ABG Eduardo Rubi - UBS Michel Morin Hello, everyone and welcome to our First Quarter 2024 Results Call.

Millicom International Cellular S.A. (TIGO) Q1 2024 Earnings Call Transcript

Millicom (Tigo) Q1 2024 Earnings Release Luxembourg, May 8, 2024 – Millicom is pleased to announce its first quarter 2024 results. Please find below links to the Q1 2024 Earnings Release and IAS 34 Interim Condensed Consolidated Financial Statements.

Millicom (Tigo) Q1 2024 Earnings Release

Harmonic

Results in Line with Guidance Reaffirming Broadband Full Year Revenue Guidance Increasing Full Year Video EBITDA Guidance SAN JOSE, Calif. , April 29, 2024 /PRNewswire/ -- Harmonic Inc. (NASDAQ: HLIT) today announced its unaudited results for the first quarter of 2024.

Harmonic Announces First Quarter 2024 Results

T-Mobile US

Verizon

The telecommunications industry saw an uptick in demand due to the expansion of 5G networks and fiber optic infrastructure. This industry also has recently faced a fair share of challenges ranging from geopolitical tensions and inflation.

The Top 3 Telecom Stocks to Buy in April 2024

Millicom (Tigo) notice of first quarter 2024 results and video conference Luxembourg, April 26, 2024 – Millicom expects to announce its first quarter 2024 results on May 8, 2024, via a press release. Millicom is planning to host a video conference for the global financial community on May 8, 2024, at 14:00 (Stockholm) / 13:00 (London) / 08:00 (Miami).

Millicom (Tigo) notice of first quarter 2024 results and video conference

Millicom (Tigo) Board of Directors Appoints  Marcelo Benitez as CEO Luxembourg, April 25, 2024 – Millicom announced today that its Board of Directors has appointed Marcelo Benitez as CEO of Millicom, effective June 1, 2024. Benitez has had a distinguished career with Millicom, having joined the company in Paraguay nearly 30 years ago and risen through the Company's ranks to his most recent role as CEO of TIGO Panama.

Millicom (Tigo) Board of Directors Appoints Marcelo Benitez as CEO

Millicom announces the re-issuance of its AGM and EGM Convening Notice Luxembourg, April 23, 2024 – Millicom today announced the re-issuance of the Convening Notice to its Annual General Meeting (“AGM”) and Extraordinary General Meeting (“EGM”) of Shareholders which will be held on May 23, 2024. The Convening Notice contains a rectified note to the AGM agenda item 20 (Share Repurchase Plan).

Millicom announces the re-issuance of its AGM and EGM Convening Notice

Convening Notice for Annual General Meeting and Extraordinary General Meeting of Shareholders MILLICOM INTERNATIONAL CELLULAR S.A. Registered Address :   2, Rue du Fort Bourbon L-1249 Luxembourg, Grand Duchy of Luxembourg – R.C.S.

Convening Notice for Annual General Meeting and Extraordinary General Meeting of Shareholders

Millicom's Nomination Committee's proposal for Board of Directors Luxembourg, April 17, 2024 – In advance of the Annual General Meeting of shareholders (“AGM”) of Millicom International Cellular S.A. (“Millicom”), to be held on May 23, 2024, Millicom's Nomination Committee proposes: The election of Maxime Lombardini and Justine Dimovic as new Directors of the Board; The re-election of María Teresa Arnal Machado, Bruce Churchill, Aude Durand, Tomas Eliasson, Mauricio Ramos, Thomas Reynaud, and Blanca Treviño de Vega as Directors of the Board; and the election of Mauricio Ramos as Chair of the Board.

Millicom's Nomination Committee's proposal for Board of Directors

Millicom (Tigo) completes issuance of 7.375% $450 million Senior Notes due 2032 Luxembourg, April 2, 2024 – Millicom International Cellular S.A. (“Millicom”) today completed the issuance of its 7.375% $450 million Senior Notes due 2032 (the “Notes”) in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”).

Millicom (Tigo) completes issuance of 7.375% $450 million Senior Notes due 2032

Remuneration of Executives by distribution of Millicom (Tigo) shares Luxembourg, March 27, 2024 – Millicom International Cellular S.A. ("Millicom") announces that, in accordance with the vesting terms and conditions of its performance share-based compensation plan, approved at Millicom's 2021 annual general meeting of shareholders, it has distributed treasury shares to eligible plan participants, including 158,934 shares to its executive management.

Remuneration of Executives by distribution of Millicom (Tigo) shares

Millicom (Tigo) announces proposed Offering of Senior Notes due 2032 Luxembourg, March 25, 2024 – Millicom International Cellular S.A. (“Millicom”) today announced that it is commencing a private offering of Senior Notes due 2032 (the “Notes”) that is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”).

Millicom (Tigo) announces proposed Offering of Senior Notes due 2032

Millicom (Tigo) announces a new appointment in its executive team Luxembourg, March 22, 2024 – Today, Millicom announced that Sheldon Bruha will be stepping down from the role of Chief Financial Officer (CFO), effective on April 15th, as part of a planned succession process. Sheldon will be succeeded as CFO by Bart Vanhaeren, currently VP Corporate Finance at Millicom.

Millicom (Tigo) announces a new appointment in its executive team

Millicom (Tigo) releases the 2023 Annual Report Luxembourg, March 12, 2024. – Millicom , a leading provider of fixed and mobile services in Latin America, announces today the release of its Annual Report including the standalone financial statements of Millicom International Cellular S.A.

Millicom (Tigo) releases the 2023 Annual Report

Remuneration of Directors and Executives by distribution of Millicom (Tigo) shares Luxembourg, March 1, 2024 – 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 2021, 2022, and 2023 annual general meetings of shareholders, it has distributed treasury shares to eligible plan participants, including 193,702 shares to its executive management.

Remuneration of Directors and Executives by distribution of Millicom (Tigo) shares

Millicom International Cellular S.A. (TIGO) Q4 2023 Earnings Call Transcript

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.

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