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Millicom International Cellular SA ( (TIGO) ) just unveiled an update.
Millicom International Cellular S.A., a Luxembourg-headquartered telecom operator focused on Latin America, provides fixed and mobile connectivity, digital financial services, pay TV, and enterprise cloud and security solutions under the Tigo and Tigo Business brands. As of March 31, 2026, it served over 69 million customers via extensive mobile and fiber-cable networks passing more than 22 million homes, supported by a workforce exceeding 20,000 employees.
On May 20, 2026, Millicom held its Annual General Meeting, where shareholders approved all board-proposed resolutions, reaffirming governance stability and capital allocation plans. The AGM re-elected eight directors, confirmed Maxime Lombardini as chair, approved 2025 accounts, authorized a USD 3 per share dividend payable in four installments through April 2027, renewed KPMG as external auditor, endorsed board and auditor remuneration, and renewed the share repurchase plan, signaling continued shareholder-return focus and confidence in management.
The most recent analyst rating on (TIGO) stock is a Buy with a $100.00 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 Outperform.
The score is driven primarily by improving financial performance (stronger profitability and cash flow), supported by a constructive technical trend and a positive earnings update with reaffirmed leverage and EFCF targets. The main constraints are elevated leverage and a relatively high P/E despite a strong dividend yield.
To see Spark’s full report on TIGO stock, click here.
More about Millicom International Cellular SA
Millicom International Cellular S.A., listed on Nasdaq as TIGO, is a leading provider of fixed and mobile telecommunications services in Latin America. Through its Tigo and Tigo Business brands, it offers mobile financial services, pay TV, high-speed data, voice, and B2B cloud and security solutions to more than 69 million customers as of March 31, 2026.
The company operates extensive mobile and fiber-cable networks, with a footprint passing over 22 million homes and employing more than 20,000 people across the region. Founded in 1990, Millicom is headquartered in Luxembourg and maintains its principal executive offices in Doral, Florida, underscoring its cross-border operational and governance footprint.
Average Trading Volume: 1,399,289
Technical Sentiment Signal: Buy
Current Market Cap: $14.09B
See more data about TIGO stock on TipRanks’ Stock Analysis page.