Company Overview - Millicom (NASDAQ: TIGO) is a leading provider of fixed and mobile telecommunications services in Latin America, offering a variety of digital services and products under the TIGO® and Tigo Business® brands [4] - The company provides mobile financial services through TIGO Money, local entertainment via TIGO Sports, pay TV with TIGO ONEtv, and business-to-business solutions including cloud and security [4] - As of September 30, 2025, Millicom employed approximately 14,000 people and served over 46 million customers, with a fiber-cable footprint covering more than 14 million homes [4] Upcoming Financial Results - Millicom is set to announce its fourth quarter 2025 results on February 26, 2026, through a press release [1] - A video conference for the global financial community will be held on the same day at 08:00 (New York) / 14:00 (Luxembourg) / 13:00 (London) [1] Event Participation - Registration for the interactive video conference is required, and participants will receive a confirmation email with joining details [2] - Participants can ask questions during the live event by notifying the Investor Relations team via email [2] - The conference can also be joined in listen-only mode through provided dial-in numbers and entering the Webinar ID: 869 1177 5553 [3]

Core Viewpoint - Millicom International Cellular S.A. (TIGO) is a telecommunications and media company operating in Latin America and Africa, competing with major players like Telefonica and America Movil [1] Financial Performance - Scotiabank has set a price target of $43 for TIGO, indicating a potential downside of approximately -34.54% from the current stock price of $65.69, which has decreased by 3.79% or $2.59 recently [2][6] - TIGO's market capitalization is approximately $10.98 billion, with a trading volume of 1,724,097 shares on the day [5] Market Activity - TIGO's stock has shown significant volatility, with today's price fluctuating between $64.48 and $67.75, and over the past year, it has reached a high of $68.93 and a low of $25.50 [4][6] - The recent acquisition of Telefonica's mobile unit in Chile by NJJ and Millicom for $1.2 billion may impact TIGO's operations in Latin America, potentially influencing its market position and financial performance [3][6]

Core Viewpoint - Millicom International Cellular S.A. has been downgraded by Scotiabank from "Sector Perform" to "Underperform," indicating a more cautious outlook on the company's stock performance [1][5]. Group 1: Stock Performance - Millicom's current stock price is $65.69, reflecting a decrease of 3.79% or a drop of $2.59 [2][5]. - The stock has shown volatility, with a daily trading range between $64.48 and $67.75, and over the past year, it has fluctuated between a high of $68.93 and a low of $25.50 [2]. Group 2: Market Position - Millicom has a market capitalization of approximately $10.98 billion, highlighting its significant size and influence in the telecommunications sector [3]. - The trading volume for Millicom's stock today is 1,724,097 shares, indicating active investor interest despite the downgrade [3]. Group 3: Strategic Developments - Millicom, in partnership with NJJ, has acquired Telefonica's mobile unit in Chile for $1.2 billion, which aligns with Telefonica's strategy to focus on core markets and enhances Millicom's presence in Latin America [4][5].

Company Overview - Millicom International Cellular (TIGO) is valued at $11.52 billion and operates primarily in emerging markets, focusing on cellular telephone services [1] - The company has established a presence in markets with limited cellular service through joint ventures with local partners [1] Stock Performance - TIGO shares have increased by 14.29% since a "Buy" signal was issued on January 16 [2] - Over the past 52 weeks, TIGO has gained 148% and has a 100% "Buy" technical opinion from Barchart [7][8] - The stock recently traded at $66.54, with a 50-day moving average of $56.18 [8] Technical Indicators - TIGO has a Weighted Alpha of +146.78 and has made 15 new highs, increasing by 33.77% over the past month [8] - The Relative Strength Index (RSI) is at 69.32, indicating strong momentum [8] - A technical support level is identified around $66.97 [8] Financial Metrics - TIGO has a trailing price-earnings ratio of 30.57x [8] - The company offers a dividend yield of 4.47% [9] - Revenue is projected to grow by 17.94% next year, while earnings are estimated to increase by 53.94% this year and an additional 27.74% next year [9]

Core Viewpoint - Spanish telecoms giant Telefonica has sold 100% of its mobile unit in Chile to French holding company NJJ and Luxembourg-based Millicom, aligning with its strategy of divesting from non-core assets [1] Group 1 - The sale is part of Telefonica's broader strategy to streamline operations and focus on core markets [1] - The transaction reflects Telefonica's ongoing efforts to reduce debt and improve financial stability [1] - NJJ and Millicom are expected to leverage the acquisition to enhance their presence in the Latin American telecom market [1]

Core Viewpoint - Millicom, in partnership with NJJ, has acquired Telefonica's operations in Chile, structured to enhance strategic value while safeguarding its balance sheet [1][4]. Acquisition Structure - The acquisition is a joint venture with Millicom holding 49% and NJJ holding 51% [1][4]. - An initial payment of $50 million will be made to Telefonica, with potential additional earn-out payments up to $150 million based on structural value creation [1][5]. - The acquired business will not be consolidated into Millicom's financial statements during the joint ownership, and its financial obligations are non-recourse to Millicom [2][5]. Financial Stability - Telefonica is required to contribute CLP 79 billion (approximately USD 92 million) at closing to ensure balance sheet stability [2][7]. - The structure allows Millicom to maintain financial flexibility while capturing long-term strategic presence in South America [7][11]. Strategic Rationale - Millicom will operate the business from day one, applying its operational expertise to stabilize and strengthen the asset [8]. - The partnership aims to enhance competitiveness, operational efficiency, and support sustained investment in network quality and digital services in Chile [9][10]. - The acquisition is seen as an opportunity to reposition a challenged asset in a significant market at an attractive valuation [9][10]. Future Options - Millicom has the option to acquire NJJ's stake in the business in Year 5 and 6 post-closing at a 10% discount to Millicom's trading multiples [3][6]. - If Millicom does not exercise its option, NJJ can acquire Millicom's 49% stake under similar pricing terms [6].

Group 1 - The article does not provide specific insights or analysis on any companies or industries, focusing instead on the author's personal disclosures and lack of investment positions [1][2]

Core Insights - Millicom has successfully completed a tender offer to acquire Telefónica's controlling 67.5% equity stake in Colombia Telecomunicaciones S.A. E.S.P. (Coltel) for USD 214.4 million, with the closing of the acquisition expected on February 6, 2026 [1][2]. Industry Impact - The acquisition aims to strengthen Colombia's telecommunications sector by creating a financially solid operator capable of delivering critical upgrades in networks, spectrum, and technology, thereby enhancing access to advanced digital services and accelerating the rollout of fiber and 5G [3][4]. Company Strategy - Millicom intends to build a stronger telecommunications platform in Colombia, reinforcing competition and accelerating investment in next-generation infrastructure to support the country's digital transformation and sustainable development [4][5]. - The CEO of Millicom emphasized the importance of this acquisition in enhancing the company's scale, resilience, and investment capacity, which will facilitate faster deployment of fiber and 5G services, ultimately improving service quality for millions of Colombians [5]. Company Overview - Millicom is a leading provider of fixed and mobile telecommunications services in Latin America, operating under the TIGO® and Tigo Business® brands, and serving over 46 million customers with a fiber-cable footprint covering more than 14 million homes [8].

Core Insights - Millicom International Cellular (TIGO) has undergone a significant operational reset over several years, leading to a structural change in its financial profile [1] - Despite the positive momentum observed in the past year, the company is still perceived as a turnaround story in the market [1] - Headline metrics indicate that the changes made are already supported structurally, suggesting a solid foundation for future growth [1]

Core Insights - Millicom has successfully acquired 100% of EPM's remaining shares in UNE EPM Telecommunicaciones S.A. through a public auction [2][3] - The bid was priced at COP 418,741 per share, totaling approximately COP 2.1 trillion (around USD 571 million) [3] - This acquisition will increase Millicom's ownership in UNE to nearly 100%, enhancing operational efficiency and strategic integration in Colombia [3][4] Financial Details - The total consideration for the acquisition is approximately COP 2.1 trillion, equivalent to USD 571 million [3] - The transaction is set to close on January 29, 2026, in line with auction rules [4] Operational Impact - The acquisition will simplify Millicom's ownership structure, allowing for streamlined operations in Colombia [4] - Millicom aims to accelerate its strategic integration plans following the completion of this acquisition [4] Company Overview - Millicom is a leading provider of telecommunications services in Latin America, offering a range of digital services including mobile financial services and pay TV [5] - As of September 30, 2025, Millicom employed approximately 14,000 people and served over 46 million customers [5]