Microvast Holdings announces departure of chief financial officer
Millicom International Cellular SA (NASDAQ:TIGO) stock reached a 52-week high of 41.47 USD, marking a significant milestone for the telecommunications company. The stock has delivered impressive returns, with an 80.25% gain year-to-date and an 83.1% increase over the past year. According to InvestingPro analysis, the company maintains a "GREAT" financial health score and offers an attractive 7.26% dividend yield. InvestingPro’s Fair Value analysis suggests the stock remains undervalued despite its recent gains. The stock’s rise to a 52-week high highlights investor confidence and the company’s strategic advancements in the telecommunications sector. As Millicom continues to expand its operations and enhance its services, market analysts are closely watching its performance for further growth potential. For deeper insights into Millicom’s valuation and growth prospects, investors can access comprehensive analysis and 12+ additional ProTips through InvestingPro’s detailed research reports.
In other recent news, Millicom International Cellular S.A. reported its first-quarter revenue for 2025, which did not meet analyst expectations. Despite this revenue miss, the company noted strong customer growth and improved profitability. In another development, Millicom announced a definitive agreement to acquire Telefónica Móviles del Uruguay S.A. for $440 million. This acquisition is expected to enhance Millicom’s presence in South America and become earnings accretive by 2026. Additionally, Millicom held its Annual General Meeting, where shareholders approved all proposed resolutions, including board elections and dividends. Maxime Lombardini was appointed as the Chair of the Board of Directors, with Pierre Alain Allemand joining as a new board member. These developments reflect Millicom’s ongoing strategic initiatives and corporate governance efforts.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.