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Millicom International Cellular SA (MIICF.PK)

MIICF.PK on OTC Markets Group

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Latest Key Developments (Source: Significant Developments)

Millicom Q4 adjusted EBITDA beats forecasts
Wednesday, 8 Feb 2017 02:19am EST 

Millicom : Says 2016 ordinary dividend proposed at $2.64 per share . Q4 latam delivered 6.5 pct cable revenue growth and 17.5 pct mobile data revenue growth . Q4 service revenue down 0.9 pct year-on-year held back by voice/sms decline and El Salvador . Millicom says for 2017 we expect organic service revenue growth to be in low single-digit range, and ahead of growth we achieved in 2016 . Q4 adjusted EBITDA $566 million . Millicom says capex in 2017 is expected to be broadly in line with 2016 . Q4 revenue $1,594 million . Says for 2017 we expect organic service revenue growth to be in low single-digit range, and ahead of growth we achieved in 2016 . Millicom sees 2017 adjusted EBITDA mid-to-high single-digit % organic growth . Says by growing EBITDA, and targeting our investment programme, we expect to deliver operating cash flow growth in 2017 of around 10% . Says we achieved our target for Africa of positive operating cash flow in 2016, delivering Operating Cash Flow of $97 million . Says "Whilst we expect robust competition in Colombia to continue, and voice and SMS revenues across Latam to decline further through 2017, the lower weighting of these within our overall mix, combined with further strong growth in our mobile data, home and B2B revenues, allows us to be more confident about our revenue growth outlook in 2017.  Full Article

Millicom sells its Tigo business in Senegal for $129 mln
Tuesday, 7 Feb 2017 07:00am EST 

Millicom International Cellular Sa : Says announced today that it has signed an agreement for sale of its Tigo business in Senegal to Wari group for $129 million . Wari Group, based in Senegal, is a platform for digital financial services in Africa .The transaction is subject to regulatory approvals.  Full Article

Millicom announces $600 mln revolving credit facility
Monday, 30 Jan 2017 02:15am EST 

Millicom International Cellular - : Announces $600 million revolving credit facility .Facility will be used to refinance the company's existing dual-tranche $500 mln revolving credit facility.  Full Article

Millicom cuts 2016 growth outlook, Q2 core profit just lags expectations
Thursday, 21 Jul 2016 02:15am EDT 

Millicom : Q2 revenue of $1.57 bln - organic service revenue up 2.1% . Q2 adjusted EBITDA $560 million - organic growth of 4.6% . Says 2016 outlook revised . Says organic service revenue growth outlook lowered to "low to mid-single digit" from previously "mid-single digit" . Says capex lowered to "around $1.10 billion" on efficiencies, previously $1.15-$1.25 bln . Says adjusted EBITDA growth outlook unchanged at "mid to high single digit" . Says "The external environment continues to be very difficult in several markets, which is exacerbating the decline of our legacy voice/SMS business. This left us with revenue weaker than expected" .Reuters poll: Millicom Q2 revenues were seen at $1,570 million, adjusted EBITDA at $564 million Consensus figures: [nL8N1A6112].  Full Article

Millicom (Tigo) partners with Netflix in Latin America
Monday, 13 Jun 2016 07:12am EDT 

Netflix Inc : Strategic partnership with Netflix that will bring netflix app preloads to android smartphones from Tigosmart ."qualifying" tigo customers to get prepaid netflix subscription with purchase of select tigosmart mobile, tigostar residential plans.  Full Article

Orange in informal talks to buy Millicom International's operations in Africa- Bloomberg
Friday, 27 May 2016 07:07am EDT 

:Orange Sa in informal talks with Millicom International Cellular to buy Millicom's operations in Senegal, Ghana and Chad - Bloomberg, citing sources.  Full Article

Millicom proposes Tom Boardman as chairman
Friday, 11 Mar 2016 02:00am EST 

Millicom International Cellular SA:Millicom says ‍nomination also proposes election of Tom Boardman as chairman of board.Anders Borg, Paul Donovan, Dame Amelia Fawcett and Cristina Stenbeck have decided not to seek re-election.Nomination Committee proposes the re-election of current Board Directors Odilon Almeida, Tomas Eliasson, Lorenzo Grabau and Alejandro Santo Domingo, and the election of Tom Boardman, Janet Davidson and Simon Duffy as new Directors of the Board​.  Full Article

Millicom buys TV Cable Paraná in Paraguay
Monday, 15 Feb 2016 08:00am EST 

Millicom International Cellular SA:Signs agreement to acquire TV Cable Paraná in Paraguay.TV Cable Paraná covers around 40,000 homes passed with approximately 15,000 clients.The transaction is subject to regulatory approval.  Full Article

Millicom International Cellular SA proposes a dividend for FY 2015
Wednesday, 10 Feb 2016 02:15am EST 

Millicom International Cellular SA:Proposes a dividend of $2.64 per share.  Full Article

Millicom International Cellular SA reaffirms FY 2015 guidance
Thursday, 22 Oct 2015 02:28am EDT 

Millicom International Cellular SA:Says that its guidance for FY 2015 remains unchanged.Expects FY 2015 revenue between $6.8 billion and $7.2 billion.Expects FY 2015 EBITDA between $2.12 billion and $2.26 billion.  Full Article

More From Around the Web


Money transfer firm could take on Orange mobiles in Senegal

DAKAR When Senegalese money transfer firm Wari agreed to buy the local mobile arm of Luxembourg-based Millicom International Cellular last month, it set the stage to challenge Orange's hold on mobile phones in French-speaking West Africa.