Financial Data and Key Metrics Changes - Organic operating cash flow (OCF) growth was strong at 8.4%, with equity free cash flow totaling $171 million, consistent with company plans [4] - Service revenue increased by 2.3% in Q4 and 3.5% for the full year, with growth slowing in the second half due to macroeconomic conditions [5][13] - EBITDA for Q4 was $548 million, up 19% year-on-year, primarily due to the consolidation of Guatemala, while organic EBITDA grew by 1.8% [14] - Net debt decreased by $1 billion in 2022, ending the year at $5.8 billion, with a net debt to EBITDA ratio of 2.94x [18] Business Line Data and Key Metrics Changes - The mobile business grew over 3% for the year, driven by postpaid subscribers, which saw a 9% service revenue growth [6] - B2B service revenue grew more than 5% in 2022, accelerating from 1% in 2021, with a strong pipeline of new projects [26] - Home broadband experienced softer growth due to a shift in demand back to offices and a challenging macroeconomic environment [27] Market Data and Key Metrics Changes - Colombia's mobile service revenue grew by 15%, driven by a shift to postpaid and higher ARPU [8] - El Salvador and Nicaragua showed strong performance with service revenue growth of 7.5% and 5% respectively [35] - Bolivia's EBITDA declined by almost 12% due to regulatory changes and strikes affecting economic activity [95] Company Strategy and Development Direction - The company is focused on expanding its network and enhancing content offerings, including a deal with ViX for sports content [7] - Project Everest aims to achieve over $100 million in annual savings by the end of 2024, enhancing operational efficiency across all business areas [64][38] - The company plans to continue implementing price increases to catch up with inflation and improve ARPU [93] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the impact of inflation and macroeconomic challenges but expressed confidence in the company's ability to execute plans and deliver results [24] - The company remains optimistic about long-term growth potential in residential broadband despite short-term challenges [27] - Management highlighted the importance of maintaining market share and competitive positioning in Guatemala and other key markets [69] Other Important Information - The company has made significant progress in its tower company carve-out, expecting the transaction to complete by the end of the year [11] - The company is actively monitoring macroeconomic conditions, with inflation peaking at 8.5% in July and falling to about 8% by December [12] Q&A Session Summary Question: What are the key levers for further free cash flow acceleration into next year? - Management indicated that price increases and Project Everest will be significant contributors to achieving the target of 10% organic OCF growth over the next three years [21] Question: Can you provide additional color on the competitive environment in the Guatemala mobile market? - Management noted that the competitive environment remains stable, with no significant deterioration in the prepaid market, allowing for sustained market share [69] Question: What is the company's stance on share buybacks in 2023? - Management confirmed that while share buybacks remain an ambition, the immediate focus will be on deleveraging and paying down debt due to the current economic environment [60] Question: How is the company managing pricing in different markets amid inflation? - Management acknowledged the challenges of passing on inflation to customers but emphasized ongoing efforts to adjust pricing strategies across various segments [86]

Millicom International Cellular S.A. (NASDAQ:TIGO) Q3 2022 Results Conference Call October 27, 2022 8:00 AM ET Company Participants Sarah Inmon - IR Mauricio Ramos - CEO Sheldon Bruha - CFO Conference Call Participants Stefan Gauffin - DNB Marcelo Santos - JPMorgan Soomit Datta - New Street Research Lucas Chavez - UBS Sarah Inmon Hello, everyone. Thanks for connecting to our video conference to discuss our Third Quarter 2022 Results. Before we begin, please take a moment to review the Safe-Harbor disclosure ...

| --- | --- | |--------------------------------------|-------| | | | | | | | Staying the course | | | Third Quarter 2022 | | | Mauricio Ramos, CEO | | | Sheldon Bruha, CFO | | | October 27th, 2022 | | | Millicom International Cellular S.A. | | Safe Harbor Cautionary Language Concerning Forward-Looking Statements Statements included herein that are not historical facts, including without limitation statements concerning future strategy, plans, objectives, expectations and intentions, projected financial resu ...

Millicom International Cellular S.A. (NASDAQ:TIGO) Q2 2022 Results Conference Call July 28, 2022 8:00 AM ET Company Participants Sarah Inmon - IR Mauricio Ramos - CEO Sheldon Bruha - CFO Conference Call Participants Klas Danielsson - Nordea Stefan Gauffin - DNB Vitor Tomita - Goldman Sachs Marcelo Santos - JPMorgan Andres Coello - Scotiabank Mathieu Robilliard - Barclays Sarah Inmon Hello, everyone. Thanks for taking the time to connect to our second quarter 2022 Results Conference Call. This event is being ...

[Item 1 Press Release: Millicom (TIGO) completes its rights offering with issuance of new shares](index=3&type=section&id=Item%201%20Press%20Release%3A%20Millicom%20%28TIGO%29%20completes%20its%20rights%20offering%20with%20issuance%20of%20new%20shares) This press release details Millicom's successful rights offering, resulting in the issuance of new shares and an increase in its share capital and voting rights [Rights Offering Results and New Share Issuance](index=3&type=section&id=Rights%20Offering%20Results%20and%20New%20Share%20Issuance) Millicom successfully completed its rights offering, with **70,357,088 shares fully subscribed** and two tranches of new share issuances in June 2022, significantly increasing the company's share capital Rights Offering Results and Capital Increase | Metric | Value | Date | | :-------------------------------- | :-------------------------------- | :--------- | | Total Shares Fully Subscribed | 70,357,088 | June 17, 2022 | | New Shares Issued (1st Tranche) | 69,318,977 | June 17, 2022 | | Capital Increase (1st Tranche) | USD 103,978,465.50 | June 17, 2022 | | New Shares Issued (2nd Tranche) | 1,038,111 | June 28, 2022 | | Capital Increase (2nd Tranche) | USD 1,557,166.50 | June 28, 2022 | | Par Value per Share | USD 1.50 | N/A | [Updated Share Capital and Voting Rights](index=3&type=section&id=Updated%20Share%20Capital%20and%20Voting%20Rights) Following the rights offering, Millicom's total issued share capital increased to **USD 258,144,457.50**, represented by **172,096,305 shares**, with total voting rights aligning with the total shares Updated Share Capital and Voting Rights Overview | Metric | Value | | :----------------------------------------------- | :------------------- | | Total Issued Share Capital | USD 258,144,457.50 | | Total Shares Issued | 172,096,305 | | Par Value per Share | USD 1.50 | | Total Voting Rights | 172,096,305 | | Shares Held by Company (Voting Rights Suspended) | 1,229,092 | [About Millicom](index=3&type=section&id=About%20Millicom) Millicom is a leading provider of fixed and mobile telecommunications services across Latin America, operating under the TIGO® and Tigo Business® brands and serving approximately **50 million customers** - Millicom is a leading provider of fixed and mobile telecommunications services in Latin America[11](index=11&type=chunk) - The company operates under the TIGO® and Tigo Business® brands, offering digital services such as TIGO Money (mobile financial services), TIGO Sports (local entertainment), TIGO ONEtv (pay TV), high-speed data, voice, and business-to-business solutions (cloud and security)[11](index=11&type=chunk) Millicom Company Overview | Metric | Value (as of March 31, 2022) | | :-------------------------- | :-------------------------------- | | Employees | Approximately 20,000 | | Mobile & Fiber-Cable Customers | Around 50 million | | Fiber-Cable Homes Passed | Close to 13 million | | Founded | 1990 | | Headquarters | Luxembourg |

| --- | --- | |------------------------------------------------------------|-------| | | | | First Quarter 2022 Continued growth in all business lines | | | | | | Mauricio Ramos, CEO Sheldon Bruha, CFO April 28 th , 2022 | | | Millicom International Cellular S.A. | | Safe Harbor Cautionary Language Concerning Forward-Looking Statements Statements included herein that are not historical facts, including without limitation statements concerning future strategy, plans, objectives, expectations and intentions, ...

Millicom International Cellular S.A. (NASDAQ:TIGO) Q1 2022 Earnings Conference Call April 28, 2022 8:00 AM ET Company Participants Mauricio Ramos – President, CEO & Executive Director Sheldon Bruha – Chief Financial Officer Michel Morin – Vice President, IR Conference Call Participants Marcelo Santos – JPMorgan Soomit Datta – New Street Research Vitor Tomita – Goldman Sachs Andres Coello – Scotia Bank Michel Morin Hello everyone, and welcome to our First Quarter 2022 Results Conference Call. Before we begin ...

As filed with the Securities and Exchange Commission on March 1, 2022 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition perio ...

[Report of Foreign Private Issuer (Form 6-K)](index=1&type=section&id=Form%206-K%20Report) This report details the outcomes of Millicom's Extraordinary General Meeting, including an authorized capital increase, and provides an overview of the company's telecommunications operations [Extraordinary General Meeting (EGM) Outcome](index=3&type=section&id=Extraordinary%20General%20Meeting%20Outcome) Shareholders approved all proposed resolutions at the EGM on February 28, 2022, primarily increasing authorized share capital - All resolutions proposed by the Board of Directors were approved at the EGM held on February 28, 2022[6](index=6&type=chunk) [Increase in Authorized Share Capital](index=3&type=section&id=Increase%20in%20Authorized%20Share%20Capital) The EGM approved increasing the company's authorized share capital from $200 million to $300 million, amending Article 5 of the articles of association Change in Authorized Share Capital | Metric | Previous | New | | :--- | :--- | :--- | | **Authorized Share Capital** | USD 199,999,800 | USD 300,000,000 | | **Number of Shares** | 133,333,200 | 200,000,000 | | **Par Value per Share** | USD 1.50 | USD 1.50 | - As a result of the capital increase, Article 5, paragraphs 1 and 4 of Millicom's articles of association were amended[7](index=7&type=chunk) - The Board of Directors issued a special report concerning the increase in authorized share capital in accordance with Luxembourg's law on commercial companies[7](index=7&type=chunk) [Company Overview](index=3&type=section&id=Company%20Overview) Millicom is a leading telecommunications provider in Latin America and Africa, serving 58 million mobile customers and over 12 million homes with fiber-cable networks - Millicom provides a wide range of digital services including TIGO Money (mobile financial services), TIGO Sports (local entertainment), and TIGO ONEtv (pay TV), alongside high-speed data, voice, and business solutions[9](index=9&type=chunk) Operational Metrics (as of December 31, 2021) | Metric | Value | | :--- | :--- | | **Employees** | Approx. 21,000 | | **Mobile Customers** | Approx. 58 million | | **Fiber-Cable Footprint** | > 12 million homes passed |

Millicom International Cellular SA (NASDAQ:TIGO) Q4 2021 Earnings Conference Call February 11, 2022 8:00 AM ET Company Participants Michel Morin - VP, IR Mauricio Ramos - President, CEO & Executive Director Timothy Pennington - Senior EVP & CFO Conference Call Participants Diego Aragao - Goldman Sachs Group Stefan Gauffin - DNB Markets Marcelo Santos - JPMorgan Chase & Co. Sergey Dluzhevskiy - GAMCO Investors Soomit Datta - New Street Research Kevin Roe - Roe Equity Research Michel Morin Hello, everyone, an ...