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An update from Millicom International Cellular SA ( (TIGO) ) is now available.
On February 10, 2026, Millicom announced that it has partnered with Xavier Niel’s investment vehicle NJJ to acquire Telefónica’s Chilean telecom operations, with NJJ holding 51% and Millicom 49% of the jointly controlled vehicle. The transaction involves a modest initial payment of $50 million plus up to $150 million in earn‑outs funded from the acquired business’s cash flows, while Telefónica must inject CLP 79 billion (about $92 million) at closing to stabilize the balance sheet and all related debt is non‑recourse to Millicom.
Although it will initially be a minority shareholder, Millicom will operate the Chilean business from day one and apply its regional “operational playbook” to turn around what it describes as a challenged asset in one of Latin America’s most developed telecom markets. The deal structure includes multi‑year options for Millicom and NJJ to buy out each other’s stakes at valuations linked to Millicom’s trading multiples, reinforcing Millicom’s strategic expansion in South America while protecting its leverage profile and signaling disciplined capital allocation to investors and creditors.
The most recent analyst rating on (TIGO) stock is a Hold with a $66.00 price target. To see the full list of analyst forecasts on Millicom International Cellular SA stock, see the TIGO Stock Forecast page.
Spark’s Take on TIGO Stock
According to Spark, TipRanks’ AI Analyst, TIGO is a Neutral.
Score is driven primarily by solid financial quality (strong margins and cash generation) and attractive valuation (low P/E and high dividend yield). The main offsets are high leverage and weaker near-term technical signals (price below short-term averages, RSI ~40), while the earnings call was supportive overall but included notable regulatory and legal risks.
To see Spark’s full report on TIGO stock, click here.
More about Millicom International Cellular SA
Millicom International Cellular, which operates under the Tigo and Tigo Business brands, is a leading provider of fixed and mobile telecommunications services across Latin America. The Luxembourg‑headquartered group offers mobile and fiber broadband, pay TV, mobile financial services, sports and entertainment content, and cloud and security solutions to more than 46 million customers as of September 30, 2025.
Average Trading Volume: 1,032,691
Technical Sentiment Signal: Buy
Current Market Cap: $11.18B
See more insights into TIGO stock on TipRanks’ Stock Analysis page.