Core Viewpoint - Millicom International Cellular S.A. plans to consolidate its share listing on Nasdaq U.S. by delisting its SDRs from Nasdaq Stockholm, aiming for improved liquidity and access to capital [1][2]. Group 1: Delisting Details - Millicom intends to file a delisting application with Nasdaq Stockholm on March 3, 2025, with the last trading day for SDRs estimated around March 17, 2025 [1]. - SDR holders must convert their SDRs into Millicom U.S. Shares before the delisting to retain their shareholder status [3]. Group 2: Benefits of Consolidation - The consolidation is expected to enhance liquidity for shareholders, provide better access to capital, attract new investors focused on Latin America, and simplify corporate governance [2]. - The move may also lead to potential inclusion in certain equity indices and a reduction in administrative costs [2]. Group 3: Company Overview - Millicom is a leading telecommunications provider in Latin America, offering a range of digital services including mobile financial services and pay TV [6]. - 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 [6].

Company Overview - Millicom is a leading provider of fixed and mobile telecommunications services in Latin America, operating under the TIGO® and Tigo Business® brands [4] - The company offers a wide range of digital services and products, including mobile financial services (TIGO Money), local entertainment (TIGO Sports), pay TV (TIGO ONEtv), high-speed data, voice, and business-to-business solutions such as cloud and security [4] - As of September 30, 2024, Millicom employed approximately 15,000 people and provided services to over 46 million customers, with a fiber-cable footprint covering about 14 million homes [4] Upcoming Financial Results - Millicom is set to announce its fourth quarter 2024 results on February 27, 2025, via a press release [1] - A video conference for the global financial community will be held on the same day at 14:00 (Stockholm) / 13:00 (London) / 08:00 (Miami) [1] Event Participation - Registration for the interactive video conference is required, and participants will receive a confirmation email with joining details [2] - Participants can also join in listen-only mode by dialing specific numbers and entering the Webinar ID: 834 3825 4041 [2]

Core Insights - The article emphasizes the importance of value investing, which focuses on identifying undervalued companies in the market [2] - Zacks has developed a Style Scores system to help investors find stocks with specific traits, particularly in the Value category [3] - Millicom International Cellular (TIGO) is highlighted as a strong value stock, currently holding a Zacks Rank of 2 (Buy) and an A for Value [3][6] Financial Metrics - TIGO has a Price-to-Sales (P/S) ratio of 0.78, significantly lower than the industry average of 1.28, indicating potential undervaluation [4] - The Price-to-Cash Flow (P/CF) ratio for TIGO is 3.18, compared to the industry's average of 3.99, suggesting a solid cash outlook [5] - Over the past 12 months, TIGO's P/CF has fluctuated between 2.17 and 3.45, with a median of 3, further supporting its valuation metrics [5]

Group 1 - Millicom (NASDAQ: TIGO) is transitioning from a complicated narrative to a simpler one [1] - TIGO currently offers an 11% dividend yield [1]

Analyst’s Disclosure: I/we have a beneficial long position in the shares of TIGO, T; VZ, TLSNF either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. While this article may sound like financial advice, please observe that the author is not a CFA or in any way licensed to give f ...

Transaction Details - Three directors of Millicom received shares of Atlas Investissement as part of an incentive program offered by Atlas [1] - Maxime Lombardini, Chair of the Board of Directors, received 11 Atlas shares [3] - Jules Niel, Director, received 2 Atlas shares [3] - Pierre-Emmanuel Durand, Director, received 11 Atlas shares [3] Company Overview - Millicom is a leading provider of fixed and mobile telecommunications services in Latin America under the TIGO® and Tigo Business® brands [2] - The company offers a wide range of digital services, including mobile financial services (TIGO Money), local entertainment (TIGO Sports), pay TV (TIGO ONEtv), high-speed data, voice, and business-to-business solutions such as cloud and security [2] - As of September 30, 2024, Millicom employed approximately 15,000 people and served over 46 million customers through its mobile and fiber-cable services [2] - The company has a fiber-cable footprint covering over 14 million homes passed [2] - Millicom International Cellular S A is headquartered in Luxembourg and was founded in 1990 [2]

Notification of transaction by Directors of Millicom (Tigo) Luxembourg, January 15, 2025 – Millicom International Cellular S.A. ("Millicom" or the “Company”) announces that, on January 11, 2025, three directors of Millicom received shares of Atlas Investissement (”Atlas”), a major indirect shareholder of the Company, pursuant to an incentive program offered by Atlas, dated January 11, 2024, as follows: Maxime Lombardini, Chair of the Board of Directors of Millicom, received 11 Atlas sharesJules Niel, Direc ...

Millicom (Tigo) announces new shareholder remuneration policy Luxembourg, January 14th, 2025 – Millicom International Cellular S.A. ("Millicom" or the “Company”), today announced that the Company’s Board of Directors (the “Board”) has approved a new shareholder remuneration policy under which it proposes to: resume regular cash dividends;sustain or grow cash dividends every year; andmaintain a prudent capital structure, with a long-term leverage target range of 2.0-2.5x With this policy, the Board aims to r ...

Millicom (Tigo) updates on the conditions for its ongoing share repurchase activity Luxembourg, December 17, 2024 - Millicom hereby informs that, due to Swedish regulatory considerations, Millicom will, during the period until March 2, 2025, not be repurchasing SDRs or Millicom U.S. Shares at a price above USD 25.75 or the equivalent amount in SEK (such price being the increased offer price that Atlas Luxco S.à r.l offered holders of SDRs and Millicom U.S. Shares in its public takeover offer for Millicom’s ...

Millicom International Cellular S.A. (NASDAQ:TIGO) Q3 2024 Results Conference Call November 7, 2024 9:00 AM ET Company Participants Marcelo Benitez - Chief Executive Officer Bart Vanhaeren - Chief Financial Officer Conference Call Participants Andreas Coello - Scotiabank Andreas Joelsson - Carnegie Stefan Gauffin - DNB Marcelo Santos - JPMorgan Operator Hello, everyone, and welcome to our third quarter 2024 results call. This event is being recorded. Our speakers today will be our CEO, Marcelo Benitez; and ...