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Millicom International Cellular SA ( (TIGO) ) has shared an announcement.
On January 27, 2026, Millicom International Cellular S.A. announced it had won a public auction conducted by Empresas Públicas de Medellín (EPM) for 100% of EPM’s remaining shares in UNE EPM Telecommunicaciones S.A. (UNE or Tigo Colombia), in a deal valued at approximately COP 2.1 trillion (about USD 571 million) at a price of COP 418,741 per share. The transaction, expected to close on January 29, 2026, will bring Millicom’s ownership in UNE to nearly 100%, simplifying the company’s ownership structure in Colombia and enabling it to streamline local operations and accelerate strategic integration, reinforcing its position in the Colombian telecommunications market and providing greater clarity for stakeholders around governance and execution of its Colombian strategy.
The most recent analyst rating on (TIGO) stock is a Buy with a $67.00 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. Operating under the Tigo and Tigo Business brands, it offers mobile and fiber-based high-speed data, voice, pay TV (Tigo ONEtv), local sports content (Tigo Sports), mobile financial services (Tigo Money), and cloud and security solutions for business customers, serving more than 46 million customers across the region as of September 30, 2025.
Average Trading Volume: 975,475
Technical Sentiment Signal: Buy
Current Market Cap: $10.16B
For an in-depth examination of TIGO stock, go to TipRanks’ Overview page.