

Millicom Cellular is rated Buy, with strong YTD performance, robust subscriber growth, and improving free cash flow following the Coltel acquisition. TIGO's integration of Coltel boosts scale, with organic growth in postpaid subs, ARPU, and service revenue supporting margin expansion and above-consensus earnings outlook. Leverage stands at 2.8x post-acquisition; TIGO targets $900M equity-free cash flow and 2.5x leverage by 2026, offering a 3.26% dividend yield and 5.8% FCF yield.

Millicom International Cellular is rated a cautious buy, driven by robust margins, strong equity free cash flow, and disciplined execution on acquisitions. TIGO's EBITDA margin of 43.2% and record $225M quarterly equity free cash flow highlight operational strength, with 2026 free cash flow targeted at $900M. Acquisition integration, especially in Colombia and Chile, is the main catalyst, with early successes in margin improvement and rapid cash contribution from acquired assets.

On May 26, 2026, Millicom International Cellular SA (TIGO) shares fell 3.3% to a current price of $83.00. The stock has experienced a 52-week high of $87.05 and

On May 21, 2026, Millicom International Cellular SA (TIGO) shares rose 3.2%, bringing the current price to $86.81. The stock has experienced a 52-week trading r

Results of the Millicom (Tigo) AGM held today Luxembourg, May 20, 2026 – Millicom International Cellular S.A. (“Millicom ”) held its Annual General Meeting (“AGM”) of shareholders today.

Millicom International Cellular NASDAQ: TIGO reported what management described as a solid start to 2026, with first-quarter revenue and cash flow boosted by recent acquisitions and continued growth in its core mobile business.

Millicom International Cellular SA (TIGO) came out with quarterly earnings of $0.97 per share, beating the Zacks Consensus Estimate of $0.89 per share. This compares to earnings of $1.14 per share a year ago.

Millicom (Tigo) Q1 2026 Earnings Release Luxembourg, May 12, 2026 - Millicom pleased to announce its first quarter 2026 results. Please find below links to the Q1 2026 Earnings Release and IAS 34 Interim Condensed Consolidated Financial Statements. Q1 2026 Highlights* Revenue $2 billion, up 4. 2% year-on-year organically and 45. 1% as reportedOperating profit $416 million, and Adjusted EBITDA of $857 million, which includes $119 million from acquisitionsNet profit attributable to company owners of $109 millionEquity free cash flow of $225 million up 66.
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