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Millicom International Cellular SA ( (TIGO) ) has issued an update.
On March 17, 2025, Millicom International Cellular S.A. completed the delisting of its Swedish Depositary Receipts (SDRs) from Nasdaq Stockholm, consolidating its common shares listing solely on the Nasdaq Stock Market in the United States. SEB, the custodian bank for the SDR program, announced on April 23, 2025, that it has finalized the sale of approximately 5,110,103 shares that were not withdrawn by SDR holders before the delisting. The net proceeds from these sales are expected to be distributed to former SDR holders in early May, marking a significant step in Millicom’s strategic realignment of its market presence.
Spark’s Take on TIGO Stock
According to Spark, TipRanks’ AI Analyst, TIGO is a Outperform.
Millicom International Cellular SA demonstrates strong financial performance with robust revenue growth and operational efficiencies. The earnings call provided positive future guidance, and technical indicators suggest a positive trend. While leverage remains a concern, the company’s strategic initiatives and fair valuation further bolster its attractiveness to investors.
To see Spark’s full report on TIGO stock, click here.
More about Millicom International Cellular SA
Millicom International Cellular S.A., operating under the TIGO and Tigo Business brands, is a prominent telecommunications provider in Latin America. The company offers a variety of digital services including mobile financial services through TIGO Money, local entertainment via TIGO Sports, pay TV with TIGO ONEtv, as well as high-speed data, voice, and business solutions like cloud and security services. As of the end of 2024, Millicom served over 46 million customers and had a fiber-cable footprint covering more than 14 million homes.
YTD Price Performance: 37.94%
Average Trading Volume: 941,253
Technical Sentiment Signal: Sell
Current Market Cap: $5.7B
For detailed information about TIGO stock, go to TipRanks’ Stock Analysis page.