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Millicom International Cellular SA (MIICF.PK)

MIICF.PK on OTC Markets Group

27 Sep 2016
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Latest Key Developments (Source: Significant Developments)

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

Millicom says reports to authorities potential improper payments on behalf of its Guatemala JV
Wednesday, 21 Oct 2015 03:32pm EDT 

Millicom International Cellular SA:Says has reported to law enforcement authorities in the United States and Sweden potential improper payments made on behalf of the company's joint venture in Guatemala.Says a Special Committee of the Board of Directors made the decision in connection with an independent investigation being overseen by the Special Committee and conducted by international law firm Covington & Burling LLP, with the support of Millicom's management team.Says Millicom is committed to fully cooperating with the authorities. It is not possible at this time to predict the matter's likely duration or outcome.  Full Article

Millicom International Cellular SA gets 24 pct stake in Helios Towers Africa after shareholding reorganisation
Wednesday, 7 Oct 2015 09:00am EDT 

Millicom International Cellular SA:Receives a 24 pct stake in African towers company, Helios Towers Africa (HTA).Says as a result of a shareholding reorganisation, Millicom will exchange shares which were previously held in HTA's tower companies in Ghana, DRC and Tanzania, into shares in HTA's parent company.Says HTA recently raised $363 million in new equity from existing and new shareholders to fund acquisitions and new growth in existing markets.Says share exchange is being undertaken at the same valuation as the funding round.  Full Article

Millicom International Cellular SA Lowers FY 2015 guidance
Tuesday, 21 Jul 2015 02:34am EDT 

Millicom International Cellular SA:Says that it has rebased the guidance provided in Feb. 2015 to reflect impact of 7 pct. devaluation in the currency basket.Says with the exception of currency impact, the group's guidance remains unchanged.Says that with FX rates prevailing in July 2015, the company expects FY 20115 revenue between $6.8 and $7.2 billion and EBITDA between $2.12 and $2.26 billion.  Full Article

Tanzania takes control of state telco with Bharti Airtel stake

DAR ES SALAAM, Sept 23 Tanzania has regained full ownership of the country's oldest telecoms operator after buying out a 35 percent stake from India's Bharti Airtel .