TIGO Stock

Millicom offers an 11% dividend yield and 60% upside potential as it transitions to exclusive US listing, simplifying its shareholder base. The company has a dominant market position in Central and South America, with significant free cash flow and low financial leverage. Share repurchases and a robust dividend provide downside protection, with institutional demand expected to drive valuation normalization.

Millicom International Cellular has performed close to the S&P500 trend, with a 5% RoR, which I consider within the margin of error. I believe in diversifying investments in emerging markets, particularly in Africa, the Middle East, Asia, and LATAM/South America. Millicom, now focused on LATAM, benefits from divestments and operational changes, aligning with my strategy of increasing exposure to these regions.

Millicom (Tigo) announces new shareholder remuneration policy Luxembourg, January 14th, 2025 –   Millicom International Cellular S.A. ("Millicom" or the “Company”), today announced that the Company's Board of Directors (the “Board”) has approved a new shareholder remuneration policy under which it proposes to: resume regular cash dividends; sustain or grow cash dividends every year; and maintain a prudent capital structure, with a long-term leverage target range of 2.0-2.5x With this policy, the Board aims to return capital to shareholders from the cashflow generation of the Company in a consistent and prudent manner that reflects the capital-intensive and highly-regulated nature of the business, as well as the Latin American region's elevated political and macroeconomic volatility.

Luxembourg, January 06, 2025 - Pursuant to the share repurchase program announced on November 29, 2024, Millicom repurchased 164,260 of its Swedish Depository Receipts (SDRs) between December 30, 2024, and January 03, 2025, as detailed in the table below.

Millicom (Tigo) share repurchase activity Luxembourg, December 30, 2024 - Pursuant to the share repurchase program announced on November 29, 2024, Millicom repurchased 83,477 of its Swedish Depository Receipts (SDRs) between December 23, 2024, and December 27, 2024, as detailed in the table below. Trade Date Number of SDRs repurchased Daily average price paid* (SEK) Daily repurchase amount* (SEK) 2024-12-23 57 000 268.5452 15 307 076 2024-12-27 26 477 270.4081 7 159 595 * Excluding commissions All purchases were carried out on Nasdaq Stockholm by Citigroup Global Markets Limited on behalf of Millicom.

Millicom (Tigo) updates on the conditions for its ongoing share repurchase activity Luxembourg, December 17, 2024 - Millicom hereby informs that, due to Swedish regulatory considerations, Millicom will, during the period until March 2, 2025, not be repurchasing SDRs or Millicom U.S. Shares at a price above USD 25.75 or the equivalent amount in SEK (such price being the increased offer price that Atlas Luxco S.à r.l offered holders of SDRs and Millicom U.S. Shares in its public takeover offer for Millicom's SDRs and U.S. Shares earlier this year).

Millicom (Tigo) share repurchase activity Luxembourg, December 16, 2024 - Pursuant to the share repurchase program announced on November 29, 2024, Millicom repurchased 400,689 of its Swedish Depository Receipts (SDRs) between December 9, 2024, and December 13, 2024, as detailed in the table below. Trade Date Number of SDRs repurchased Daily average price paid* (SEK) Daily repurchase amount* (SEK) 12/9/2024 14,689 279.8674 4,110,972 12/10/2024 96,000 279.0228 26,786,189 12/11/2024 95,000 275.4552 26,168,244 12/12/2024 95,000 271.7572 25,816,934 12/13/2024 100,000 270.2359 27,023,590 * Excluding commissions All purchases were carried out on Nasdaq Stockholm by Citigroup Global Markets Limited on behalf of Millicom.

Millicom (Tigo) share repurchase activity Luxembourg, December 9, 2024 - Pursuant to the share repurchases announced on November 29, 2024, Millicom repurchased 277,905 of its Swedish Depository Receipts (SDRs) between December 2, 2024, and December 6, 2024, as detailed in the table below. Trade Date Number of SDRs repurchased Daily average price paid* (SEK) Daily repurchase amount* (SEK) 12/2/2024 92,000 270.4372 24,880,222 12/3/2024 90,990 277.8241 25,279,215 12/4/2024 74,818 281.1744 21,036,906 12/5/2024 20,097 282.8504 5,684,444 * Excluding commissions All purchases were carried out on Nasdaq Stockholm by Citigroup Global Markets Limited on behalf of Millicom.

Notification of transaction by a closely associated person of a Director of Millicom (Tigo) Luxembourg, November 13, 2024 – Millicom International Cellular S.A. ("Millicom") announces that, on November 7, 2024, Atlas Luxco S.