TIGO Buyback

Millicom Buyback

OLI recorded this information on 12/14/2023

Company:

Millicom

Buyback:

TIGO buyback

Share Amount Authorized:

2,000,000

Buyback Details:

Millicom is raising its target of cumulative Equity Free Cash Flow (EFCF1) for the 2022-2024 period to "around $600 million", from "at least $500 million" previously. The more ambitious target reflects higher expected savings from Project Everest, the company's efficiency program, as well as capex, spectrum and cost savings expected to be derived from the proposed creation of a shared mobile network in Colombia, and other important initiatives already identified as part of the company's budget planning for 2024. On May 31, 2023, the Annual General Meeting of Shareholders ("AGM") of Millicom resolved to authorize (the "Authorization") the Board of Directors of Millicom (the "Board") to adopt a share repurchase plan. Based on the Authorization, the Board decided today to initiate a repurchase program of up to 2,000,000 Swedish Depository Receipts ("SDRs") representing the Company's ordinary shares. The primary purpose of the share repurchase plan is to meet obligations under Millicom's share-based incentive plans or other compensation programs.

Millicom International Cellular is a holding company. Through its subsidiaries, Co. is a provider of cable and mobile services. Through its main brands Tigo® and Tigo Business™, Co. provides a range of digital services in Latin America. Co. provides the following principal categories of services: mobile, including mobile data, mobile voice, and Mobile Financial Services to consumer, business and government customers; and cable and other fixed services, including broadband, pay-TV, content, and fixed voice services for residential (Home) customers, as well as voice, data and value added services and solutions to business and government customers.

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TIGO — Key Stats (updated 1 hour, 54 minutes ago)

Company Name:	Millicom International Cellular SA
Stock buyback:	TIGO buyback
Website:	www.millicom.com
Sector:	Communications Services
Number of ETFs Holding TIGO:	3
Total Market Value Held by ETFs:	$1.24M
Total Market Capitalization:	$2.32B
% of Market Cap. Held by ETFs:	0.05%

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Millicom Buyback

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