Core Insights - Millicom has signed a definitive agreement to acquire Telefónica's telecommunications operations in Ecuador for USD 380 million, aligning with Telefónica's strategy to reshape its Latin American portfolio and providing Millicom with a strategic opportunity to enhance its presence in South America [2][4] - The acquisition is expected to significantly enhance Millicom's regional footprint and commercial reach, supporting innovation, digital inclusion, and long-term growth in Ecuador's telecommunications sector [3][8] - Ecuador's stable, dollarized economy, characterized by favorable macroeconomic fundamentals, presents a compelling platform for Millicom to drive digital transformation and long-term value creation [4][9] Company Overview - Millicom is a leading provider of fixed and mobile telecommunications services in Latin America, operating under the TIGO® and Tigo Business® brands, offering a wide range of digital services [8][10] - As of March 31, 2025, Millicom employed approximately 14,000 people and provided services to over 46 million customers, with a fiber-cable footprint covering more than 14 million homes [10] Industry Context - Ecuador's telecommunications sector is experiencing consistent growth, with mobile services increasing by 1.4% and fixed broadband services by 3.6% [9] - The country has a population of approximately 18.5 million, with a median age of 32.4 years and 66% of the population living in urban areas, indicating a growing market for digital services [9] - Recent economic reforms supported by the IMF and World Bank are enhancing transparency and governance, particularly in infrastructure, energy, and telecommunications, contributing to a resilient telecom sector [9]

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 Luxembourg, June 13, 2025 – Millicom International Cellular S.A. (NASDAQ: TIGO) today announced the partial closing of its previously disclosed transaction with SBA Communications Corporation (NASDAQ: SBAC), through the sale of LATI International S.A., the Luxembourg-based holding company for Millicom’s mobile passive infrastructure ...

Core Viewpoint - Millicom International Cellular S.A. has announced the acquisition of Telefónica Móviles del Uruguay S.A. for an enterprise value of USD 440 million, which is part of its strategy to strengthen its position in South America [2][5]. Strategic Rationale - The acquisition is expected to be EFCF accretive as early as 2026, driven by operational efficiencies and integration with Millicom's existing regional operations [3][8]. - The deal diversifies Millicom's cash flow sources and is supported by Uruguay's stable macroeconomic environment and investment-grade credit rating of BBB+ [4][10]. - Marcelo Benitez, CEO of Millicom, emphasized the company's commitment to investing in mobile infrastructure and improving service quality in Uruguay [5]. Market Outlook - Uruguay has the highest GDP per capita in Latin America at USD 22,400 (2024), with a stable currency and favorable regulatory environment for foreign investment [10]. - The telecommunications market in Uruguay is competitive, with three mobile network operators and a growing mobile market, which has been expanding at approximately 4% annually since 2022 [10]. Operational Synergies - The acquisition of Telefónica Uruguay, the second-largest mobile operator in the country, is expected to create significant synergies across network, operations, and commercial integration with Millicom's existing operations in Paraguay and Bolivia [9][10]. - The transaction is anticipated to enhance Millicom's digital ecosystem, enabling improved service bundling and innovation [9].

Core Viewpoint - Millicom International Cellular S.A. has approved the cancellation of 3,096,305 treasury shares, reducing its issued share capital to USD 253,500,000 represented by 169,000,000 shares [1][2]. 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), high-speed data, voice services, and business-to-business solutions such as cloud and security [3]. - 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 [3]. - Founded in 1990, Millicom is headquartered in Luxembourg, with principal executive offices located in Doral, Florida [3].

Millicom (Tigo) Q1 2025 Earnings Release Luxembourg, May 8, 2025 – Millicom is pleased to announce its first quarter 2025 results. Please find below links to the Q1 2025 Earnings Release and IAS 34 Interim Condensed Consolidated Financial Statements. Q1 2025 Highlights* Revenue $1.37 billion Operating profit $423 million, and Adjusted EBITDA $636 million Net income $193 million, including approximately $95 million in one-time gains Equity free cash flow $135 million, excluding $42 million of net proceed ...

Core Insights - Millicom has released its 2024 Annual Report, highlighting a transformative year in the telecommunications industry in Latin America [1][2] - The report emphasizes a renewed strategic focus, operational efficiency, and a commitment to expanding digital inclusion across the region [2] Company Overview - Millicom, operating under the TIGO brand, is a leading provider of fixed and mobile telecommunications services in Latin America, offering a wide range of digital services including mobile financial services, local entertainment, and pay TV [4] - As of December 31, 2024, Millicom employed approximately 14,000 people and served over 46 million customers, with a fiber-cable footprint reaching about 14 million homes [4] Strategic Positioning - The company is positioned to capitalize on new opportunities in the telecommunications sector, supported by robust fixed and mobile networks, comprehensive digital platforms, and diverse content offerings [3] - Millicom aims to meet the growing demand for connectivity and digital services while maintaining consistent financial performance [3]