MillicomTIGO
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
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
888% more first-time investments, than exits
New positions opened: 79 | Existing positions closed: 8
500% more funds holding in top 10
Funds holding in top 10: 1 [Q4 2024] → 6 (+5) [Q1 2025]
493% more capital invested
Capital invested by funds: $281M [Q4 2024] → $1.67B (+$1.38B) [Q1 2025]
321% more repeat investments, than reductions
Existing positions increased: 59 | Existing positions reduced: 14
71% more funds holding
Funds holding: 97 [Q4 2024] → 166 (+69) [Q1 2025]
25.45% more ownership
Funds ownership: 6.53% [Q4 2024] → 31.98% (+25.45%) [Q1 2025]
61% less call options, than puts
Call options by funds: $106K | Put options by funds: $272K
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
UBS Leonardo Olmos | 7%upside $40 | Buy Maintained | 16 May 2025 |
Barclays Mathieu Robilliard | 2%downside $36 | Equal-Weight Maintained | 3 Apr 2025 |
JP Morgan Marcelo Santos | 11%upside $41 | Overweight Maintained | 3 Apr 2025 |
Scotiabank Andres Coello | 3%upside $38 | Sector Outperform Maintained | 28 Feb 2025 |
Financial journalist opinion
Based on 7 articles about TIGO published over the past 30 days









