Millicom
TIGO
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 acquire Telefonica's operations in Ecuador and Uruguay.
Employees: 14,000
Fund manager confidence
Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)
219% more first-time investments, than exits
New positions opened: 67 | Existing positions closed: 21
38% more capital invested
Capital invested by funds: $1.76B [Q1] → $2.43B (+$664M) [Q2]
33% more repeat investments, than reductions
Existing positions increased: 72 | Existing positions reduced: 54
26% more funds holding
Funds holding: 171 [Q1] → 216 (+45) [Q2]
17% more funds holding in top 10
Funds holding in top 10: 6 [Q1] → 7 (+1) [Q2]
13% more call options, than puts
Call options by funds: $671K | Put options by funds: $596K
3.94% more ownership
Funds ownership: 33.83% [Q1] → 37.78% (+3.94%) [Q2]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
|
UBS
Leonardo Olmos
|
$49
|
Neutral
Downgraded
|
11 Sep 2025 |
|
Scotiabank
Andres Coello
|
$46
|
Sector Perform
Maintained
|
19 Aug 2025 |
|
JP Morgan
Marcelo Santos
|
$55
|
Overweight
Maintained
|
14 Aug 2025 |
Financial journalist opinion
Based on 3 articles about TIGO published over the past 30 days
