Millicom Boosts Shareholder Value with Strategic SDR Repurchases

Millicom International Cellular SA ( (TIGO) ) has shared an update.

Millicom International Cellular S.A. announced the repurchase of a total of 702,737 of its Swedish Depository Receipts (SDRs) in December 2024 and early January 2025, as part of its share repurchase program. Conducted on Nasdaq Stockholm by Citigroup Global Markets Limited, these repurchases are in line with regulatory provisions and reflect Millicom’s strategic efforts to manage its equity and enhance shareholder value. The company now holds 1,972,377 treasury shares, reinforcing its commitment to optimizing its capital structure.

More about Millicom International Cellular SA

Millicom International Cellular S.A., headquartered in Luxembourg, is a prominent provider of fixed and mobile telecommunications services in Latin America. Operating under the TIGO and Tigo Business brands, Millicom offers various digital services, including mobile financial services, local entertainment, pay TV, high-speed data, and business solutions like cloud and security services. As of September 2024, Millicom served over 46 million customers and had a fiber-cable footprint reaching about 14 million homes.

YTD Price Performance: 3.56%

Average Trading Volume: 122,746

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $4.15B

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