Key Developments: Millicom International Cellular SA (MIICF.PK)

MIICF.PK on OTC Markets Group

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10 Jul 2014
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Latest Key Developments (Source: Significant Developments)

Millicom announces revolving credit facility of $500 mln
Friday, 6 Jun 2014 04:00am EDT 

Millicom International Cellular SA:Completes revolving credit facility of $500 million.The facility comprises a $200 million two-year tenor tranche with a one-year extension option, and a $300 million three-year tenor tranche with two one-year extension options.The loan was arranged by Mandated Lead Arrangers & Bookrunners: BNP Paribas, Citi, DNB and Scotiabank.Additionally eight Mandated Lead Arrangers joined the facility during syndication: Banco Itau BBA, Barclays, Credit Agricole CIB, Goldman Sachs, J.P. Morgan, Morgan Stanley, Nordea and RBS.  Full Article

ADC African Development Corporation AG announces sale of RSwitch to Millicom International Cellular SA
Monday, 2 Jun 2014 04:52am EDT 

ADC African Development Corporation AG:Announces sale of RSwitch.Says sale on the basis of an enterprise valuation of $6.5 million.Says buyer is Millicom International Cellular SA.  Full Article

Millicom International Cellular SA proposes dividend
Tuesday, 27 May 2014 05:54am EDT 

Millicom International Cellular SA:Says gross dividend of $2.64 per share shall be distributed to shareholders/SDR holders around June 5.  Full Article

Millicom International Cellular announces Cristina Stenbeck Chairman
Tuesday, 27 May 2014 05:40am EDT 

Millicom International Cellular SA:Appoints Cristina Stenbeck Chairman of the Board.She has been newly elected to the Board.  Full Article

Millicom International Cellular SA to provide exclusive content of 2014 FIFA World Cup Brazil through Tigo in Latin America
Tuesday, 6 May 2014 04:00am EDT 

Millicom International Cellular SA:Acquires certain media rights to 2014 FIFA World Cup Brazil that will allow Tigo customers in seven Latin American countries to enjoy live coverage of the 2014 FIFA World Cup on their mobile handsets and via broadband Internet.Millicom has exclusive mobile transmission rights for Colombia, Costa Rica and Honduras whose national teams have succeeded in qualifying for final tournament of the 2014 FIFA World Cup, as well as Guatemala, El Salvador and Paraguay whilst in Bolivia these rights are non-exclusive.Millicom also has the non-exclusive broadband Internet rights in the same countries.  Full Article

Millicom International Cellular proposes FY 2013 dividend
Friday, 25 Apr 2014 02:00am EDT 

Millicom International Cellular SA:Proposes to distribute a dividend for the fiscal year 2013 at an aggregate of approximately $264 million corresponding to a gross dividend amount of $2.64 per share.  Full Article

Millicom International Cellular SA reiterates FY 2014 financial guidance
Thursday, 24 Apr 2014 02:00am EDT 

Millicom International Cellular SA:Says its FY 2014 guidance has been reiterated.Expects FY 2014 revenue growth to accelerate at mid to high single digit rate versus comparable 5.5 pct in 2013.Expects FY 2014 revenue growth to exceed 15 pct.Says FY 2014 EBITDA margin will stabilize around the mid -30s pct mark (after corporate costs).FY 2013 revenue of $5,159 mln.FY 2014 revenue of $6,393,33 mln – Thomson Reuters I/B/E/S.  Full Article

Millicom International Cellular SA merger with UNE Receives First of Three Regulatory Approvals from Colombian Authorities
Wednesday, 16 Apr 2014 05:55am EDT 

Millicom International Cellular SA:Proposed merger with UNE in Colombia has been given conditional approval.Approval is given by country's regulator for Industry and Commerce, the SIC.  Full Article

Millicom International Cellular SA launches Tigo Star to support growth strategy in cable and entertainment
Thursday, 20 Mar 2014 03:21am EDT 

Millicom International Cellular SA:Unveiled Tigo Star, striking new brand to propel takeup of broadband, cable and pay-TV services.Tigo Star will launch in Paraguay on 21 March, with launches in El Salvador and Costa Rica on March 26 before being rolled out to other markets in Latin America during 2014.  Full Article

Millicom launches international mobile money service with currency conversion
Monday, 24 Feb 2014 03:50am EST 

Millicom International Cellular SA:Launches international mobile money service with currency conversion.The service will enable users to transfer cash across borders with currency conversion automatically included.The service is to be launch in Africa first, being available to Tigo Cash users in Rwanda and Tigo Pesa customers in Tanzania.The service enables customers to use the funds to access a range of services in each country, including airtime top-ups, payments for water, electricity and TV, among others.  Full Article

Millicom Q1 core profit slightly lags forecast

STOCKHOLM, April 24 - Emerging markets telecoms group Millicom reported first-quarter core profit slightly below expectations on Thursday and repeated its outlook for 2014.

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