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Last $65.49 USD
Change Today -0.25 / -0.38%
Volume 2.7K
As of 8:10 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

millicom intl cellular s.a. (MIICF) Key Developments

Millicom Appoints Cynthia Gordon as Executive Vice President and CEO Africa Division

Millicom announced the appointment of Cynthia Gordon as its Executive Vice President, CEO Africa Division. She takes up the role on 21 September. Cynthia will be the company’s Executive Vice President responsible for leading the company’s six operations in Africa: Tanzania, Ghana, DRC, Senegal, Rwanda and Chad. Cynthia will focus on delivering and executing a strong and profitable organic growth plan for Africa. Cynthia will report directly to the company’s CEO and will lead a newly created Africa Executive Committee, tasked with overseeing and driving Millicom's African operations. Cynthia has more than 20 years of telecom sector specific experience, leading mobile, broadband and fixed-line operations in emerging markets across Asia, the Middle East, Africa and Russia.

Millicom Announces Successful Completion of Consent Solicitation for its 4.750% Senior Notes Due 2020 and its 6.625% Senior Notes Due 2021

Millicom International Cellular S.A. announced that it has received the requisite consents to amend certain terms of its $500,000,000 4.750% Senior Notes due 2020 and its $800,000,000 6.625% Senior Notes due 2021. The consent solicitation expired at 4:00 p.m. London time on 30 July 2015. Millicom has been advised by Citibank N.A., London Branch, the information and tabulation agent for the consent solicitation, that, on the Expiration Date, consents were validly delivered and not validly revoked in respect of more than a majority in aggregate principal amount of each Series of Notes. As a result, Millicom and Citibank N.A., London Branch, as the trustee under the indentures governing the Notes, will enter into supplemental indentures implementing the amendments. On or before August 4, 2015, Millicom will make a cash payment equal to $5 per $1,000 principal amount of the Notes to each holder of the Notes that validly delivered its consent prior to the Expiration Date and did not validly revoke such consent.

Millicom International Cellular SA Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Millicom International Cellular SA reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenues of $1,704 million compared to $1,447 million a year ago. Operating profit was $223 million compared to $224 million a year ago. Profit before taxes from continuing operations was $28 million compared to $310 million a year ago. Net loss attributable to owners of the company was $99 million or $0.99 per share compared to profit of $186 million or $1.86 per share a year ago. EBITDA was $561 million compared to $479 million a year ago. Capex was $290 million compared to $287 million a year ago. For six months, the company reported revenues of $3,413 million compared to $2,852 million a year ago. Operating profit was $450 million compared to $460 million a year ago. Profit before taxes from continuing operations was $49 million compared to $2,640 million a year ago. Profit for the period from continuing operations was $49 million compared to $2,640 million a year ago. Net loss attributable to owners of the company was $145 million or $1.45 per share compared to profit of $2,430 million or $24.30 per share a year ago. Net cash provided by operating activities was $638 million compared to $658 million a year ago. EBITDA was $1,126 million compared to $957 million a year ago. Capex was $480 million compared to $449 million a year ago. Net debt was $4,281 million compared to $3,047 million a year ago.

Millicom International Cellular SA, Q2 2015 Earnings Call, Jul 21, 2015

Millicom International Cellular SA, Q2 2015 Earnings Call, Jul 21, 2015

Millicom International Cellular SA Approves Distribute a Gross Dividend, Payable on or Around May 25, 2015; Approves Election of Directors

Millicom International Cellular SA approved to distribute a gross dividend amount of USD 2.64 per share to shareholders/SDR at its AGM held on May 15, 2015. Payment of the dividends is planned for around May 25, 2015. The Board also approved the election of Mr. Odilon Almeida and Mr. Anders Borg as new Directors for a term ending on the day of the 2016 AGM. Odilon Almeida is the President for the Americas and European Union Region at Western Union, with responsibility for Western Union's business across 98 countries, encompassing all of the company's products and services in North America, Latin America, the Caribbean and Europe. Mr. Almeida joined Western Union in 2002, and assumed his current position in 2014. Prior to joining Western Union, Mr. Almeida held positions at FleetBoston Financial, The Coca -Cola Company and Colgate-Palmolive, working in Brazil, Canada, Mexico and the United States. Anders Borg served as Sweden's Minister of Finance between 2006 and 2014. Mr. Borg is currently an advisor of Citigroup and member of its Nordic Advisory Boar d, and Chairman of the World Economic Forum's Global Financial System Initiative. The Nomination Committee of Investment AB Kinnevik will nominate Mr. Borg as a new Non-Executive Director of Investment AB Kinnevik at the company's 2015 Annual General Meeting.

 

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MIICF

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Valuation MIICF Industry Range
Price/Earnings 91.0x
Price/Sales 0.9x
Price/Book 3.5x
Price/Cash Flow 92.5x
TEV/Sales NM Not Meaningful
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