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The latest update is out from Millicom International Cellular SA ( (TIGO) ).
On January 20, 2025, Millicom International Cellular S.A. announced the repurchase of 140,587 Swedish Depository Receipts and 95,600 common shares from January 13 to January 17, 2025, as part of a share repurchase program initiated in November 2024. The transactions were executed on Nasdaq Stockholm and Nasdaq Stock Market by Citigroup Global Markets, aligning with the Safe Harbour Regulation. The repurchase reflects Millicom’s strategy to optimize its capital structure and enhance shareholder value, with the company holding 2,756,017 treasury shares out of a total of 172,096,305 outstanding shares as of January 17, 2025.
More about Millicom International Cellular SA
Millicom International Cellular S.A., headquartered in Luxembourg, is a prominent provider of fixed and mobile telecommunications services across Latin America. Operating under the TIGO and Tigo Business brands, the company offers an array of digital services, including mobile financial services through TIGO Money, local entertainment via TIGO Sports, and pay TV with TIGO ONEtv. Additionally, it provides high-speed data, voice, and business solutions such as cloud and security services. As of late 2024, Millicom served over 46 million customers and maintained a fiber-cable footprint reaching approximately 14 million homes.
YTD Price Performance: 12.48%
Average Trading Volume: 162,537
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $4.58B
See more data about TIGO stock on TipRanks’ Stock Analysis page.
