Millicom International Cellular: The Turnaround Is Over - The Cash Flow Rerating Begins

Core Insights - Millicom International Cellular (TIGO) has undergone a significant operational reset over several years, leading to a structural change in its financial profile [1] - Despite the positive momentum observed in the past year, the company is still perceived as a turnaround story in the market [1] - Headline metrics indicate that the changes made are already supported structurally, suggesting a solid foundation for future growth [1]