Millicom International Cellular S.A.
TIGOR
NASDAQ Global Market4.90
USD
+0.36
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Millicom International Cellular S.A.
TIGOR
(NASDAQ Global Market)
Recent
price
4.90
P/E
ratio
- -
div
yld
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ROIC.AI
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- Business
- Millicom International Cellular S.A. (TIGO) operates as an international telecommunications provider delivering integrated mobile and fixed-line services across Latin America; it offers mobile services encompassing voice, data, short message services, roaming, 4G/4.5G LTE, and 5G connectivity; mobile financial services via Tigo Money, including payments, money transfers, international remittances, savings, real-time loans, and micro-insurance; fixed services such as high-speed broadband, fixed voice, pay-TV through TIGO ONEtv, and cable television; business solutions under Tigo Business, featuring managed services, cloud and security solutions, data analytics, IoT, value-added services, and tower infrastructure; and entertainment content via TIGO Sports for sports broadcasting. The company targets residential consumers, small, medium, and large businesses, as well as governmental entities in key markets including Colombia, Bolivia, Paraguay, Panama, Guatemala, El Salvador, Honduras, Nicaragua, Costa Rica, and Uruguay. Founded in 1990 and headquartered in Luxembourg City, Luxembourg, with a U.S. corporate office in Coral Gables, Florida, Millicom focuses on digital inclusion and infrastructure expansion in emerging markets. In recent developments, Millicom signed a definitive agreement in March 2025 to acquire Telefónica's 67.5% controlling stake in Coltel (Telefónica Colombia) for approximately $400 million, subject to adjustments reaching $362 million as of September 2024, and plans to offer for the remaining 32.5% stake held by La Nación and other minorities; it also pursues acquisition of EPM's 50% stake in TigoUne to consolidate operations in Colombia, alongside strategic transactions in Costa Rica and tower divestments in Central America. The company completed its acquisition of Telefónica's operations in Uruguay in October 2025, further strengthening its South American footprint following the 2019 divestiture of African assets to prioritize Latin America. Millicom continues heavy investments in network modernization, including over $4 billion committed from 2016 to 2023 for 4G, fiber-optic, and 5G expansions, driving digital services revenue growth toward $1.3 billion by 2025.