Millicom
TIGO
Market cap $6.29B

37.68 USD

+0.59

1.59%

At close Jun 13, 4:00 PM EDT

After hours

37.75

+0.07

0.19%

1 day

1.59%

5 days

3.01%

1 month

8.84%

3 months

27.69%

6 months

54.43%

Year to date

49.94%

1 year

55.83%

5 years

35.98%

10 years

-43.79%

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 7,296 funds

0

Analysts bullish %

of 3 analysts

Fund manager confidence

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

925% more first-time investments, than exits

New positions opened: 82 | Existing positions closed: 8

500% more funds holding in top 10

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

496% more capital invested

Capital invested by funds: $281M [Q4 2024] → $1.68B (+$1.39B) [Q1 2025]

321% more repeat investments, than reductions

Existing positions increased: 59 | Existing positions reduced: 14

75% more funds holding

Funds holding: 97 [Q4 2024] → 170 (+73) [Q1 2025]

25.65% more ownership

Funds ownership: 6.53% [Q4 2024] → 32.18% (+25.65%) [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

$36

4%

downside

Avg. target

$42

11%

upside

High target

$50

33%

upside

3 analyst ratings

2 positive

67%

1 neutral

33%

0 negative

0%

JP Morgan Marcelo Santos	33%upside $50	Overweight Maintained	27 May 2025
UBS Leonardo Olmos	5%upside $40	Buy Maintained	16 May 2025
Barclays Mathieu Robilliard	4%downside $36	Equal-Weight Maintained	3 Apr 2025

See Analyst Rankings

Financial journalist opinion

Based on 8 articles about TIGO published over the past 30 days

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

Millicom International Cellular S.A. (TIGO) Q1 2025 Earnings Call Transcript

Millicom International Cellular S.A. (NASDAQ:TIGO ) Q1 2025 Earnings Conference Call May 8, 2025 8:00 AM ET Company Participants Michel Morin - Vice President of Investor Relations Marcelo Benitez - Chief Executive Officer Bart Vanhaeren - Chief Financial Officer Conference Call Participants Marcelo Santos - JPMorgan Andres Coello - Scotiabank Andreas Joelsson - Carnegie Eduardo Nieto - JPMorgan Gustavo Farias - UBS Michel Morin Hello, everyone, and welcome to our first quarter 2025 results call.

Millicom International Cellular S.A. (TIGO) Q1 2025 Earnings Call Transcript

ATIS Group to Acquire Lati Paraguay from Millicom, Expanding Tower Footprint in the Southern Cone

BUENOS AIRES, Argentina--(BUSINESS WIRE)--ATIS Group (“ATIS”), a leading digital infrastructure provider in Latin America, today announced that it has entered into a definitive agreement, signed on April 26, 2025, with Millicom (NASDAQ: TIGO) to acquire Lati Paraguay, a subsidiary owning approximately 300 wireless communications towers in Paraguay. This transaction marks another milestone in ATIS's strategic expansion across the Southern Cone, reinforcing its position as the region's premier in.

ATIS Group to Acquire Lati Paraguay from Millicom, Expanding Tower Footprint in the Southern Cone

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