June 19, 2018 1:28 PM ET

Wireless Telecommunication Services

Company Overview of Millicom International Cellular S.A.

Company Overview

Millicom International Cellular S.A. provides cable and mobile services in Latin America and Africa. It offers mobile services to approximately 53 million customers; pay-TV and broadband services; and a range of digital services, including high-speed data, cable TV, voice and SMS, mobile financial services, and business solutions. The company markets its products and services under the Tigo, Tigo Business, Tigo Money, Tigo Sports, and Tigo Music brands. Millicom International Cellular S.A. was founded in 1990 and is headquartered in Luxembourg City, Luxembourg.

2, Rue du Fort Bourbon

Luxembourg City,  1249

Luxembourg

Founded in 1990

14,548 Employees

Phone:

352 27 759 021

Key Executives for Millicom International Cellular S.A.

Millicom International Cellular S.A. does not have any Key Executives recorded.

Millicom International Cellular S.A. Key Developments

Millicom International Cellular S.A. Presents at 46th Annual J.P. Morgan Global Technology, Media and Communications Conference, May-16-2018 08:40 AM

Millicom International Cellular S.A. Presents at 46th Annual J.P. Morgan Global Technology, Media and Communications Conference, May-16-2018 08:40 AM. Venue: The Westin Boston Waterfront Hotel, Boston, Massachusetts, United States. Speakers: Mauricio Ramos Borrero, Chief Executive Officer.

Millicom International Cellular S.A. Approves Dividend for the Year Ended December 31, 2017, Payable in Two Equal Installments on May 15, 2018 and November 14, 2018; Approves Election of Lars-Åke Norling as a New Director

Millicom International Cellular S.A. at its AGM held on 4 May 2018, the Board approved to distribute a total dividend amount of USD 2.64 per share (other than the treasury shares) to be paid in two equal installments of USD 1.32 per share on May 15, 2018 (First Installment) and November 14, 2018 (Second Installment) for the year ended December 31, 2017. The company approved the election of Mr. Lars-Åke Norling as a new Director for a term starting on September 1, 2018 and ending on the day of the 2019 AGM.

Millicom International Cellular SA Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2018

Millicom International Cellular SA reported unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported revenue of $1,042 million compared to $997 million a year ago. Operating profit was $160 million against $156 million a year ago. Profit before taxes from continuing operations was $87 million compared to $63 million a year ago. Profit for the period from continuing operations was $54 million against $21 million a year ago. Net profit attributable to owners of the company was $17 million compared to $24 million a year ago. Basic and diluted earnings per common share for profit attributable to the owners of the company were $0.17 compared to $0.24 a year ago. Net cash provided by operating activities was $167 million compared to $198 million a year ago. Purchase of intangible assets and licenses was $105 million compared to $53 million a year ago. Purchase of property, plant and equipment was $151 million compared to $163 million a year ago. EBITDA was $554 million compared to $542 million a year ago. Capex was $157 million compared to $148 million a year ago. Group net debt, including Guatemala and Honduras, was $4,100 million as of the end of March 2018, an increase of $29 million from $4,071 million as of end 2017.

Similar Private Companies By Industry

Company Name Region
First National Holding S.A. Europe
Matterhorn Financing & Cy S.C.A. Europe
Matterhorn Telecom Holding S.A. Europe
Niel S.A. Europe
Core Wireless Licensing S.a.r.l Europe

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
December 19, 2017
Tigo Rwanda Limited
Merger/Acquisition
December 19, 2017
Milvik AB
Merger/Acquisition
August 29, 2017
--
\
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
The Advertising Council, Inc. United States
Tax Management Inc United States
John F. Kennedy Center For The Performing Arts United States
NYC2012, Inc. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Millicom International Cellular S.A., please visit www.millicom.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.