Millicom (Tigo) reiterates intention to consolidate listing of shares on NASDAQ U.S. by delisting SDRs from Nasdaq Stockholm

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].