Millicom
TIGO
Market cap $6.32B

37.89 USD

+0.45

1.20%

At close Jul 11, 4:00 PM EDT

After hours

38.26

+0.37

0.98%

1 day

1.20%

5 days

-0.03%

1 month

3.38%

3 months

33.13%

6 months

56.96%

Year to date

50.78%

1 year

54.21%

5 years

50.00%

10 years

-43.47%

About: Millicom offers wireless and fixed-line telecom services primarily in smaller, less developed countries in Latin America. Countries served include Bolivia (100% owned), Nicaragua (100%), Panama (100%), El Salvador (100%), Guatemala (100%), Paraguay (100%), Colombia (50%), and Honduras (67% but not controlled or consolidated in the firm's financial statements). The firm's wireless networks cover about 120 million people, serving 42 million customers. Its fixed-line networks reach 14 million homes, serving about 4 million broadband customers. Increasingly, Millicom offers converged packages that include broadband with wireless services. The firm has agreed to sell the majority of its wireless towers to SBA Communications for $975 million.

Employees: 14,000

Communication Services Telecom Services

0

Funds holding %

of 7,312 funds

0

Analysts bullish %

of 3 analysts

Fund manager confidence

Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)

938% more first-time investments, than exits

New positions opened: 83 | Existing positions closed: 8

527% more capital invested

Capital invested by funds: $281M [Q4 2024] → $1.76B (+$1.48B) [Q1 2025]

500% more funds holding in top 10

Funds holding in top 10: 1 [Q4 2024] → 6 (+5) [Q1 2025]

321% more repeat investments, than reductions

Existing positions increased: 59 | Existing positions reduced: 14

76% more funds holding

Funds holding: 97 [Q4 2024] → 171 (+74) [Q1 2025]

27.3% more ownership

Funds ownership: 6.53% [Q4 2024] → 33.83% (+27.3%) [Q1 2025]

61% less call options, than puts

Call options by funds: $106K | Put options by funds: $272K

See Fund Rankings

Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$37

2%

downside

Avg. target

$42

11%

upside

High target

$50

32%

upside

3 analyst ratings

2 positive

67%

1 neutral

33%

0 negative

0%

Scotiabank Andres Coello	2%downside $37	Sector Perform Downgraded	17 Jun 2025
JP Morgan Marcelo Santos	32%upside $50	Overweight Maintained	27 May 2025
UBS Leonardo Olmos	4%upside $40	Buy Maintained	16 May 2025

See Analyst Rankings

Financial journalist opinion

Based on 4 articles about TIGO published over the past 30 days

Milicom: Leaner, Stronger, But Still Uncertain

Millicom offers strong growth potential in Latin America via fibre broadband and mobile money, but faces structural and regulatory uncertainties. Recent restructuring boosted cash flow and reduced leverage, yet long-term cost discipline and FX risks remain unresolved concerns. Competitive advantages exist in last-mile fibre and bundling, but regulatory trends will likely erode margins over time.

Milicom: Leaner, Stronger, But Still Uncertain

Millicom's Quiet Comeback

Millicom has transformed into a focused, efficient Latin American telecom operator, with strong operational improvements and peer-leading profitability from 2022 to 2024. Despite modest revenue growth, operating profit and returns surged due to structural cost reductions and a shift to higher-margin services. The balance sheet remains stretched, with high leverage and volatile tax rates; disciplined reinvestment and financial repair are essential for sustained value creation.

Millicom's Quiet Comeback

Millicom (Tigo) Strengthens South American Leadership with USD 380 Million Acquisition of Telefónica Ecuador

Millicom (Tigo) Strengthens South American Leadership with USD 380 Million Acquisition of Telefónica Ecuador Key Highlights: The acquisition reinforces Millicom's strategic position and operating scale in Latin America, strengthening its platform for long-term regional growth. The acquisition also enhances Millicom's geographic diversification, with the addition of Ecuador — a stable, dollarized economy with a supportive macroeconomic outlook — strengthening overall cash flow resilience.

Millicom (Tigo) Strengthens South American Leadership with USD 380 Million Acquisition of Telefónica Ecuador

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

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

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

Zacks Investment Research

Millicom International Cellular (TIGO) Moves to Strong Buy: Rationale Behind the Upgrade

Millicom International Cellular (TIGO) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Millicom International Cellular (TIGO) Moves to Strong Buy: Rationale Behind the Upgrade

Zacks Investment Research

Should Value Investors Buy Millicom International Cellular (TIGO) Stock?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Should Value Investors Buy Millicom International Cellular (TIGO) Stock?

Telefonica sells Uruguay unit to Millicom for $440 million

Spanish telecom company Telefonica said on Wednesday it agreed to sell its Uruguayan unit for $440 million to Luxembourg-based Millicom International as part of its strategy to exit Spanish-speaking Latin America.

Telefonica sells Uruguay unit to Millicom for $440 million

Millicom (Tigo) to Acquire Telefónica's Operations in Uruguay for USD 440 Million, Expanding Presence in South America

Millicom (Tigo) to Acquire Telefónica's Operations in Uruguay for USD 440 Million, Expanding Presence in South America

Millicom (Tigo) to Acquire Telefónica's Operations in Uruguay for USD 440 Million, Expanding Presence in South America

Millicom (Tigo) cancels 3,096,305 treasury shares

Millicom (Tigo) cancels 3,096,305 treasury shares Luxembourg, May 21, 2025 – The Board of Directors of Millicom International Cellular S.A. (“Millicom ” or the “Company”) approved the cancellation of 3,096,305 shares that will not be used for compensation programs, pursuant to the authorization granted by the extraordinary general meeting of shareholders held today and the share repurchase plan approved by the annual general meeting of shareholders held on May 23, 2024.

Millicom (Tigo) cancels 3,096,305 treasury shares

Results of the Millicom (Tigo) AGM and EGM held today

Results of the Millicom (Tigo) AGM and EGM held today Luxembourg, May 21, 2025 – Millicom International Cellular S.A. (“Millicom ”) held its Annual General Meeting (“AGM”) and Extraordinary General Meeting (“EGM”) of shareholders today.

Results of the Millicom (Tigo) AGM and EGM held today

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