Millicom International Cellular SANASDAQ: TIGO

Luxembourg, July 01, 2024 (GLOBE NEWSWIRE) -- Press release This announcement is not an offer, whether directly or indirectly, in Australia, Belarus, Canada, Hong Kong, Japan, New Zealand, Singapore, South Africa or Russia or in any other jurisdiction where such offer would be prohibited by applicable law pursuant to legislation, restrictions and regulations in the relevant jurisdiction. Shareholders not resident in Sweden or the United States who wish to accept the Offers (as defined below) must make inquiries concerning applicable legislation and possible tax consequences.

Millicom (Tigo) comments on shareholder communication Luxembourg, May 23, 2024 – The Board of Directors of Millicom International Cellular S.A. (“ Millicom ”) confirms that it received today a non-binding expression of interest from one of its shareholders, Atlas Luxco S.

Millicom (Tigo) share repurchase activity Luxembourg, May 22, 2024 – Pursuant to the share repurchase program announced on December 15, 2023, Millicom repurchased 17,164 of its Swedish Depository Receipts (SDRs) between May 20, 2024 and May 22, 2024, as detailed in the table below. With these transactions, the share repurchase program has concluded, with Millicom repurchasing 2 million shares, for a total amount of SEK 375,950,837 (approximately $35 million).

Millicom (Tigo) repurchased 36,701 of its Swedish Depository Receipts (SDRs) between May 13, 2024 and May 17, 2024, as part of the share repurchase program announced on December 15, 2023. The purchases were made on Nasdaq Stockholm by Citigroup Global Markets Limited.

Millicom International Cellular S.A. (TIGO) Q4 2023 Earnings Call Transcript

The company has revised its 2022-2024 equity free cash flow guidance from $500 million to $600 million, indicating a positive outlook. Despite an expected dip in 2023 revenue and profit, the underlying business is improving, with cost restructuring efforts exceeding expectations and one-time items skewing profitability figures. Considering the current trends and updated free cash flow guidance, a DCF analysis yields a price target of $20.50, representing a 14% upside from current pricing.

Millicom International Cellular S.A. (NASDAQ:TIGO ) Q3 2023 Earnings Conference Call October 26, 2023 8:00 AM ET Company Participants Mauricio Ramos - CEO Sheldon Bruha - CFO Maxime Lombardini - President and COO Conference Call Participants Oscar Ronnkvist - ABG Phani Kanumuri - HSBC Marcelo Santos - JPMorgan Stefan Gauffin - DNB Markets Eduardo Nieto - JPMorgan Fredrik Lithell - Handelsbanken Operator Hello, everyone.

My previous article on Millicom is over 10 months old, but the company has shown impressive overall trends compared to other telcos. My position in the company is too small to celebrate any victory, but I want to update the long-term thesis on Millicom. I am considering the possibility of investing more deeply in Millicom in the future.

Millicom International Cellular S.A. (NASDAQ:TIGO ) Q2 2023 Earnings Conference Call July 27, 2023 8:00 AM ET Company Participants Mauricio Ramos - CEO Sheldon Bruha - CFO Conference Call Participants Andres Coello - Scotiabank Marcelo Santos - JP Morgan Phani Kanumuri - HSBC Fredrik Lithell - Handelsbanken Lucas Chaves - UBS Stefan Ward - Pareto Partners Operator Hello, everyone.