Millicom Boosts Share Value with Strategic Buyback

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

Millicom International Cellular SA, a prominent telecommunications provider in Latin America, has repurchased 277,905 of its Swedish Depository Receipts on Nasdaq Stockholm as part of its ongoing share repurchase program. The purchases, completed between December 2 and December 6, 2024, reflect the company’s strategic efforts to manage its capital effectively while holding a total of 868,951 treasury shares out of 172 million outstanding shares. This move is a significant indicator of Millicom’s confidence in its market valuation and future growth prospects.

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