Core Viewpoint - Millicom International Cellular S.A. (TIGO) is a telecommunications and media company operating in Latin America and Africa, competing with major players like Telefonica and America Movil [1] Financial Performance - Scotiabank has set a price target of $43 for TIGO, indicating a potential downside of approximately -34.54% from the current stock price of $65.69, which has decreased by 3.79% or $2.59 recently [2][6] - TIGO's market capitalization is approximately $10.98 billion, with a trading volume of 1,724,097 shares on the day [5] Market Activity - TIGO's stock has shown significant volatility, with today's price fluctuating between $64.48 and $67.75, and over the past year, it has reached a high of $68.93 and a low of $25.50 [4][6] - The recent acquisition of Telefonica's mobile unit in Chile by NJJ and Millicom for $1.2 billion may impact TIGO's operations in Latin America, potentially influencing its market position and financial performance [3][6]

Core Viewpoint - Millicom International Cellular S.A. has been downgraded by Scotiabank from "Sector Perform" to "Underperform," indicating a more cautious outlook on the company's stock performance [1][5]. Group 1: Stock Performance - Millicom's current stock price is $65.69, reflecting a decrease of 3.79% or a drop of $2.59 [2][5]. - The stock has shown volatility, with a daily trading range between $64.48 and $67.75, and over the past year, it has fluctuated between a high of $68.93 and a low of $25.50 [2]. Group 2: Market Position - Millicom has a market capitalization of approximately $10.98 billion, highlighting its significant size and influence in the telecommunications sector [3]. - The trading volume for Millicom's stock today is 1,724,097 shares, indicating active investor interest despite the downgrade [3]. Group 3: Strategic Developments - Millicom, in partnership with NJJ, has acquired Telefonica's mobile unit in Chile for $1.2 billion, which aligns with Telefonica's strategy to focus on core markets and enhances Millicom's presence in Latin America [4][5].

Core Insights - NAN FUNG TRINITY (HK) LTD has initiated a new position in KT Corporation by acquiring 1,492,440 shares valued at approximately $28.31 million as of February 3, 2026 [2][10] - KT Corporation's stock price was $20.90, reflecting a 20.1% increase over the past year, outperforming the S&P 500 by 4.73 percentage points [8] Company Overview - KT Corporation is a leading telecommunications provider in South Korea, serving millions of mobile and IPTV subscribers [6] - The company has a market capitalization of $10.12 billion and generates revenue primarily from subscription-based telecom services, media content delivery, and IT solutions [4][9] - KT's revenue for the trailing twelve months (TTM) is $19.20 billion, with a net income of $698.29 million [4] Investment Implications - The acquisition of KT represents 2.24% of NAN FUNG TRINITY's 13F reportable assets, making it the 11th largest position in the fund [8][10] - Other top holdings in the fund include EWY, EWZ, AMZN, AMCR, and NVDA, indicating a focus on technology and telecommunications sectors [8][10]

Entel said it will no longer bid jointly with America Movil for Telefonica’s Chilean unit and will instead evaluate participating alone https://t.co/sesV3tNlPo ...

America Movil, billionaire Carlos Slim’s wireless provider, posted third-quarter net income and sales that missed analyst estimates as subscriber growth fell short in the company’s home market https://t.co/WxWq6eibP2 ...

Core Viewpoint - Brazilian internet provider Desktop is in preliminary discussions with telecom operator Claro regarding a potential acquisition, although no binding agreement has been reached yet [1][2]. Group 1: Company Developments - Desktop specializes in fiber optic internet services and has confirmed non-binding talks with Claro about a potential transaction [1]. - The news of the potential acquisition led to a significant increase in Desktop's share price, which surged by as much as 16% before settling 10% higher, while Brazil's benchmark Bovespa stock index fell by 1.6% [2]. - Claro, owned by Mexican telecommunications firm America Movil, is reportedly conducting due diligence but has not submitted a binding offer yet [2][3]. Group 2: Market Context - This is not the first instance of Desktop being a target for acquisition; in 2024, Claro's rival Telefonica Brasil also engaged in discussions for a potential purchase of Desktop [3]. - America Movil and Chilean firm Entel are considering a joint offer for Telefonica's operations in Chile, indicating ongoing consolidation activities in the telecommunications sector [3].

Mexico’s America Movil and Chile’s Entel are working on a joint bid for Telefonica’s Chile unit, sources say https://t.co/q4PPEnv78w ...

We recently published 10 Big Names Investors Are Dumping. AST SpaceMobile, Inc. (NASDAQ:ASTS) is one of the companies that heavily bled in Thursday’s trading. AST SpaceMobile declined for a second day on Thursday, losing 9.38 percent to end at $49.39 apiece as investors appeared to have taken profits following the previous day’s surge that was buoyed by reports of a billion-dollar investment from a Mexican tycoon. Additionally, AST SpaceMobile, Inc. (NASDAQ:ASTS) mimicked the decline on Wall Street, as i ...

America Movil is considering to issue euro-denominated debt to take advantage of lower rates as part of its refinancing efforts, its CFO said https://t.co/8u4kzS30uL ...

Financial Performance - America Movil's net income missed analyst estimates [1] Subscriber Trends - Prepaid subscriber disconnections reached more than 1 million in the quarter [1]