Millicom International Cellular SA ( (TIGO) ) has issued an announcement.
On March 3, 2025, Millicom International Cellular S.A. announced the approval of its application to delist its Swedish Depository Receipts (SDRs) from Nasdaq Stockholm, with the last trading day set for March 17, 2025. This move requires SDR holders to convert their holdings into common shares on the Nasdaq Stock Market in the U.S. by March 19, 2025, to maintain their shareholder status. Failure to convert will result in the sale of the underlying shares, with proceeds distributed to SDR holders. This strategic decision reflects Millicom’s focus on consolidating its market presence and optimizing its shareholder structure.
More about Millicom International Cellular SA
Millicom International Cellular S.A. is a leading provider of fixed and mobile telecommunications services in Latin America, operating under the TIGO and Tigo Business brands. The company offers a variety of digital services, including mobile financial services through TIGO Money, local entertainment via TIGO Sports, pay TV with TIGO ONEtv, high-speed data, voice services, and business solutions such as cloud and security. As of December 2024, Millicom served over 46 million customers and employed around 14,000 people, with a significant fiber-cable infrastructure reaching over 14 million homes.
YTD Price Performance: 9.44%
Average Trading Volume: 306,205
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $4.5B
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