Millicom (Tigo) Announces Partial Closing of Infrastructure Deal with SBA and Intention to Declare a Special Dividend of $2.50 per Share Representing Around 45% of the Proceeds

Core Points - Millicom International Cellular S.A. has announced the partial closing of its infrastructure deal with SBA Communications, generating approximately $600 million in proceeds from the sale of LATI International S.A. [1] - The total transaction is valued at approximately $975 million, with the remaining amount expected to close in Q3 2025 [1] - Following the Q2 results, Millicom's Board intends to approve a special interim cash dividend of $2.50 per share, representing around 45% of the net proceeds from the transaction [2] - The special dividend will be distributed in two equal installments of $1.25 per share, scheduled for October 15, 2025, and April 15, 2026 [2] - This special dividend is in addition to Millicom's previously announced annual dividend of $3.00 per share, reflecting the company's commitment to shareholder remuneration [3] - The transaction underscores Millicom's strategy to monetize infrastructure assets, enhance financial flexibility, and generate sustainable shareholder returns while maintaining a leverage target range of 2.0-2.5x [3] Company Overview - Millicom is a leading provider of fixed and mobile telecommunications services in Latin America, operating under the TIGO® and Tigo Business® brands [5] - The company offers a variety of digital services, including mobile financial services, local entertainment, pay TV, high-speed data, voice, and business-to-business solutions [5] - As of March 31, 2025, Millicom employed approximately 14,000 people and served over 46 million customers, with a fiber-cable footprint covering more than 14 million homes [5]