Millicom Board Member’s Associate Buys Significant Shares

Millicom International Cellular SA (TIGO) has released an update.

Millicom International Cellular S.A. revealed that Atlas Luxco S.à r.l., associated with board member Jules Niel, acquired 40,089 Swedish Depository Receipts at an average price of SEK 280.4 per share. This strategic move aligns with the Niel family’s significant stake, holding 40.23% of Millicom’s share capital, highlighting the continued interest in the company’s growth potential. Millicom remains a key player in telecommunications across Latin America, serving millions through its extensive digital and fiber-cable networks.

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