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Millicom International Cellular SA (NASDAQ:TIGO) stock reached a 52-week high, trading at 38.84 USD. According to InvestingPro analysis, the $6.39B market cap telecommunications company is currently trading below its Fair Value, with an overall Financial Health Score rated as GREAT. This milestone underscores a significant upward trend for the telecommunications company, marking a notable 65.96% increase over the past year. The stock’s performance reflects positive investor sentiment and strong market positioning, as it continues to climb from its previous levels. For deeper insights into TIGO’s valuation and growth potential, check out the comprehensive Pro Research Report, available exclusively on InvestingPro. This achievement highlights the company’s resilience and growth potential in a competitive industry landscape, further supported by its impressive 9.89% dividend yield.
In other recent news, Millicom International Cellular S.A. reported its first-quarter revenue for 2025, which did not meet analyst expectations, posting $1.37 billion against a consensus estimate of $1.44 billion. Despite the revenue shortfall, the company experienced strong customer growth, adding 262,000 new postpaid mobile subscribers and 62,000 new home broadband customers. Millicom’s net income increased to $193 million, bolstered by approximately $95 million in one-time gains, while adjusted EBITDA rose by 0.6% to $636 million. Additionally, Millicom has announced a definitive agreement to acquire Telefónica Móviles del Uruguay S.A. for $440 million, aiming to expand its presence in South America and enhance operational efficiencies. The acquisition is expected to be accretive to earnings before financing costs and cash taxes starting in 2026. Shareholders recently approved several resolutions during the Annual General Meeting, including the re-election of board members, the appointment of a new director, and a dividend distribution of $3 per share, payable in four installments starting July 2025. The company also received approval for a Share Repurchase Plan and made amendments to its articles of association, reflecting its delisting from NASDAQ Stockholm. Millicom reaffirmed its 2025 targets, projecting equity free cash flow of approximately $750 million and year-end leverage below 2.5x.
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