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Millicom International Cellular SA ( (TIGO) ) has shared an update.
On February 5, 2026, Millicom announced it had successfully concluded a tender offer to acquire Telefónica’s controlling 67.5% equity stake in Colombia Telecomunicaciones S.A. E.S.P. (Coltel) for USD 214.4 million, with closing expected on February 6 and a second phase of Colombia’s privatization process anticipated around April for the remaining shares. The transaction is set to create a larger, financially stronger operator in Colombia, reinforcing competition and accelerating investment in fiber and 5G networks, with Millicom positioning the combined platform as a key driver of digital inclusion, next-generation infrastructure deployment, and long-term sustainable development in one of its core Latin American markets.
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 S.A., headquartered in Luxembourg with principal executive offices in Doral, Florida, is a leading provider of fixed and mobile telecommunications services in Latin America under the Tigo and Tigo Business brands. The company offers a broad portfolio of digital services, including mobile financial services via Tigo Money, entertainment through Tigo Sports and Tigo ONEtv pay TV, high-speed data and voice, and B2B solutions such as cloud and security, serving more than 46 million customers across 11 countries with a fiber-cable footprint passing over 14 million homes as of September 30, 2025.
Average Trading Volume: 996,767
Technical Sentiment Signal: Buy
Current Market Cap: $10.54B
Learn more about TIGO stock on TipRanks’ Stock Analysis page.