Millicom (Tigo) and Telefonica sign definitive sale-purchase agreement in Colombia Luxembourg, March 12, 2025 – Pursuant to the announcement on July 31, 2024, Millicom and Telefonica have entered into a definitive agreement for the acquisition by Millicom of Telefonica’s controlling 67.5% equity stake in Coltel, subject to closing conditions including regulatory approvals. Millicom has also agreed to offer to purchase the remaining 32.5% of Coltel equity owned by La Nación and other investors at the same pu ...

Nasdaq Stockholm approved the delisting of Millicom (Tigo) SDRs and set the last day of trading on March 17, 2025 Luxembourg, March 3, 2025 – Millicom International Cellular S.A. (“Millicom” or the “Company”), today formally applied for delisting of its Swedish Depository Receipts (“SDRs”) from Nasdaq Stockholm. The delisting application was approved and Nasdaq Stockholm set the last day of trading (the “Delisting Effective Date”) on March 17, 2025. Millicom reminds holders of SDRs that the delisting will ...

Core Viewpoint - Millicom International Cellular S.A. announced a stock transaction by its Chief Legal and Compliance Officer, Salvador Escalon, who sold 10,991 shares at an average price of $28.8473 per share, reducing his ownership to 151,410 shares [1]. Company Overview - Millicom is a leading provider of fixed and mobile telecommunications services in Latin America, operating under the TIGO® and Tigo Business® brands [3]. - The company offers a variety of digital services, including mobile financial services (TIGO Money), local entertainment (TIGO Sports), pay TV (TIGO ONEtv), high-speed data, voice services, and business-to-business solutions such as cloud and security [3]. - As of December 31, 2024, Millicom employed approximately 14,000 people and served over 46 million customers, with a fiber-cable footprint covering more than 14 million homes [3]. - Millicom was founded in 1990 and is headquartered in Luxembourg [3].

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. This event is being recorded. Our ...

Q4 2024 Earnings Presentation 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 results, liquidity, growth and prospects, are forward-looking statements. Such forward-looking statements involve a number of risks and uncertainties and are subject to change at any time. In the event such risks or un ...

Group 1 - Millicom International Cellular SA reported quarterly earnings of $0.20 per share, missing the Zacks Consensus Estimate of $0.78 per share, and compared to a loss of $0.36 per share a year ago, representing an earnings surprise of -74.36% [1] - The company posted revenues of $1.43 billion for the quarter ended December 2024, missing the Zacks Consensus Estimate by 1.40%, and down from $1.48 billion year-over-year [2] - Over the last four quarters, Millicom has not surpassed consensus EPS or revenue estimates [2] Group 2 - The stock has gained about 11.4% since the beginning of the year, outperforming the S&P 500's gain of 1.3% [3] - The company's earnings outlook is crucial for investors, with current consensus EPS estimates at $0.82 for the coming quarter and $2.84 for the current fiscal year [4][7] - The Zacks Rank for Millicom is currently 2 (Buy), indicating expected outperformance in the near future [6] Group 3 - The Wireless Non-US industry, to which Millicom belongs, is currently in the bottom 32% of over 250 Zacks industries, which may impact stock performance [8]

Core Insights - Millicom reported its Q4 2024 results, showing a revenue of $1.43 billion, a decrease of 3.2% year-on-year, but a full-year revenue increase of 2.5% to $5.80 billion [5][7] - The company achieved significant improvements in operating profit and net income, with Q4 operating profit at $373 million (up 63.4%) and net income of $31 million compared to a loss of $63 million in Q4 2023 [5][7] - Millicom's EBITDA for Q4 was $618 million, reflecting an 11.0% increase, while full-year EBITDA rose to $2.47 billion, up 16.9% [5][7] Financial Highlights - Q4 2024 revenue was $1,428 million, down from $1,475 million in Q4 2023, a decline of 3.2% [5] - Operating profit for Q4 reached $373 million, a significant increase from $228 million in the same quarter last year, marking a 63.4% rise [5] - Net profit for Q4 was $31 million, a recovery from a loss of $63 million in Q4 2023 [5] - Full-year revenue for 2024 was $5,804 million, up 2.5% from $5,661 million in 2023 [5] - Full-year operating profit increased to $1,342 million, up 62.5% from $826 million in 2023 [5] - Full-year net income was $253 million, compared to a loss of $82 million in 2023 [5] Operational Performance - The company reported strong commercial activity in Q4, with 274,000 net additions in postpaid mobile and 49,000 in home FTTH/HFC [7] - For the full year, Millicom achieved 965,000 net additions in postpaid mobile and 115,000 in home FTTH/HFC [7] - Equity free cash flow (EFCF) for Q4 was $236 million, significantly up from $39 million in Q4 2023 [5][7] - Full-year EFCF reached $728 million, compared to a negative $18 million in 2023 [5][7] Strategic Outlook - Millicom aims for an EFCF target of around $750 million for 2025, driven by efficiency measures and lower restructuring costs [8] - The company plans to advance strategic initiatives in Costa Rica and Colombia and complete a tower divestment [8] - The CEO highlighted the successful completion of a restructuring program and the reinstatement of shareholder remuneration as key achievements [6]

Core Points - Millicom International Cellular S.A. has declared an interim dividend of $0.75 per share, scheduled for payment on April 15, 2025 [1] - The company plans to file for delisting from Nasdaq Stockholm on March 3, 2025, with the last trading day for SDRs expected around March 17, 2025 [1] - The interim dividend will be subject to a 15% withholding tax under Luxembourg income tax law, which will be deducted before payment [2] Company Information - Millicom is a leading provider of telecommunications services in Latin America, offering a range of digital services including mobile financial services, pay TV, and business solutions [4] - As of September 30, 2024, Millicom employed approximately 15,000 people and served over 46 million customers, with a fiber-cable footprint covering about 14 million homes [4] Dividend Details - The Interim Dividend Record Date is set for April 8, 2025, and the ex-dividend date is also April 8, 2025 [5] - The dividend will be paid in U.S. dollars, and shareholders registered with Broadridge will receive the payment according to the procedures of Broadridge and the Depository Trust Company on the payment date [5]

Core Points - Millicom International Cellular S.A. has distributed 650,605 treasury shares to eligible participants of its deferred share-based compensation plans, including 98,255 shares to executive management [1] - Following this distribution, Millicom holds 2,015,884 ordinary shares, while the total number of ordinary shares outstanding is 172,096,305 [1] Company Overview - Millicom is a leading provider of fixed and mobile telecommunications services in Latin America, operating under the TIGO® and Tigo Business® brands [3] - The company offers a variety of digital services, including mobile financial services (TIGO Money), local entertainment (TIGO Sports), pay TV (TIGO ONEtv), and business solutions such as cloud and security [3] - As of September 30, 2024, Millicom employed approximately 15,000 people and served over 46 million customers, with a fiber-cable footprint covering about 14 million homes [3]

Core Insights - The article emphasizes the importance of value investing and highlights specific companies that exhibit strong value characteristics, particularly Millicom International Cellular (TIGO) and Turkcell Iletisim Hizmetleri (TKC) [2][3][7] Company Analysis - Millicom International Cellular (TIGO) has a Zacks Rank of 2 (Buy) and a Value grade of A, indicating strong potential for value investors [3] - TIGO's Price-to-Sales (P/S) ratio is 0.77, significantly lower than the industry average of 1.36, suggesting it may be undervalued [4] - TIGO's Price-to-Cash Flow (P/CF) ratio is 3.16, compared to the industry's average of 4.31, indicating solid cash flow performance [5] - Over the past year, TIGO's P/CF has fluctuated between 2.19 and 3.45, with a median of 3.04 [5] Industry Comparison - Turkcell Iletisim Hizmetleri (TKC) also holds a Zacks Rank of 2 (Buy) and a Value grade of A, making it another attractive option for value investors [6] - TKC's Price-to-Book (P/B) ratio is 1.24, higher than the industry's average of 0.83, indicating a potential undervaluation [6] - Over the past 12 months, TKC's P/B ratio has ranged from 0.80 to 1.53, with a median of 1.16 [6] Investment Outlook - Both TIGO and TKC are highlighted as strong value stocks based on their earnings outlook and valuation metrics, making them appealing to value investors [7]