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]

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]