Telecom firm Telecel Paraguay to redeem $150 million in senior notes

LUXEMBOURG - Millicom’s subsidiary Telefónica Celular del Paraguay S.A.E (Telecel Paraguay) announced Friday its plans to redeem $150 million in aggregate principal amount of its 5.875% Senior Unsecured Notes due 2027. The move comes as Millicom (NASDAQ:TIGO) maintains strong financial health with an EBITDA of $2.4 billion and a current market capitalization of $8 billion.

The redemption is scheduled for September 15, 2024, according to a company press release. Telecel Paraguay will redeem the notes at a price equal to 100% of the principal amount, plus accrued and unpaid interest and any additional amounts up to, but excluding, the redemption date.

The company stated that a formal notice of redemption will be sent to noteholders in accordance with the requirements outlined in the indenture governing the notes.

Telecel Paraguay operates under the Tigo brand in Paraguay, where it serves as the country’s leading provider of communications services, including mobile telephony, cable, and broadband internet. The company employs approximately 3,100 people in the country.

Parent company Millicom (NASDAQ:TIGO) provides telecommunications services throughout Latin America through its Tigo and Tigo Business brands. As of June 30, 2025, Millicom, including its Honduras Joint Venture, employed around 14,000 people and provided mobile and fiber-cable services to more than 46 million customers across its markets.

Millicom, founded in 1990, maintains its headquarters in Luxembourg with principal executive offices in Doral, Florida.

In other recent news, Millicom International Cellular SA reported a notable performance for the second quarter of 2025. The company achieved earnings per share (EPS) of $4.03, significantly exceeding analysts’ expectations of $0.54, marking a substantial surprise of 646.3%. Despite this impressive earnings result, Millicom’s revenue slightly missed projections, coming in at $1.37 billion compared to the anticipated $1.4 billion. These developments have captured the attention of investors and market analysts alike. The company’s financial results highlight a strong earnings performance, which has been a focal point for stakeholders. While the revenue figures were slightly below forecasts, the substantial EPS growth reflects positively on Millicom’s operational efficiency. Analysts and investors will likely continue to monitor Millicom’s performance in the coming quarters.

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