Millicom

TIGO

Market cap $12.6B

Millicom International Cellular S.A. (TIGO) Q4 2025 Earnings Call Transcript

Millicom International Cellular SA (TIGO) came out with quarterly earnings of $1.5 per share, beating the Zacks Consensus Estimate of $1.05 per share. This compares to earnings of $0.2 per share a year ago.

TIGO gears up for fourth-quarter results with revenues supported by ARPU growth, digital momentum and recent acquisitions.

Millicom (Tigo) notice of  fourth  quarter 202 5  results and video conference

Spanish telecoms giant Telefonica said on Tuesday it had sold 100% of its mobile unit in Chile to French holding company NJJ and Luxembourg-based Millicom, in line with its strategy of divesting from Latin America to focus on its core markets.

Millicom International Cellular earns a buy rating, driven by structural cash flow transformation and an anticipated re-rating toward digital infrastructure multiples. TIGO's Colombia consolidation and integration of Coltel/EPM assets are expected to propel EBITDA margins above 50%, unlocking non-linear equity FCF expansion. Strategic rotation into dollarized and investment-grade economies de-risks equity, supports a ~4.6% dividend yield, and compresses leverage below 2.5x.

Millicom International Cellular: The Turnaround Is Over - The Cash Flow Rerating Begins

Millicom (Tigo) announces successful bid for EPM's Stake in UNE Luxembourg, January 27,2026 — Millicom International Cellular S.A. ("Millicom") today announced that it has been awarded 100% of EPM's remaining shares in UNE EPM Telecommunicaciones S.A.

Millicom International Cellular (TIGO) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

French pay-TV operator Canal+ was a contributor for the year. After a tough start in 2025, momentum in Glanbia's core Performance Nutrition business improved from low single-digit growth rates. Millicom extended its strong 2024 performance through 2025, with the share price tracking operational delivery and the visible inflection in equity FCF we flagged in prior letters.