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Millicom International Cellular SA (MIICF.PK)

MIICF.PK on OTC Markets Group

65.25USD
14 Dec 2017
Change (% chg)

$-0.30 (-0.46%)
Prev Close
$65.55
Open
$65.48
Day's High
$65.48
Day's Low
$65.25
Volume
527
Avg. Vol
7,756
52-wk High
$74.50
52-wk Low
$41.54

Latest Key Developments (Source: Significant Developments)

Millicom CFO expects muted margins in Colombia in next couple of quarters
Wednesday, 25 Oct 2017 06:55am EDT 

Oct 25 (Reuters) - Millicom International CFO Tim Pennington tells Reuters::Says expects margins in Colombia to be muted in the next couple of quarters.Says important to invest in growth in the next couple of quarters in Colombia .Q3 EBITDA margin in Columbia fell to 25.0 pct, vs 28.5 pct in Q3 2016, while group margin was 36.8 pct.Colombia accounted for nearly 30 pct of group revenue in Q3 .  Full Article

Millicom says returns to positive revenue growth
Tuesday, 24 Oct 2017 04:00pm EDT 

Oct 24 (Reuters) - Millicom International Cellular SA - :Luxembourg, 24 October 2017 - Millicom returns to positive revenue growth.‍Qtrly revenue $1.51 billion versus $1.49 billion.Qtrly ‍ocf (EBIDTA - CAPEX) $314 million versus $328 million​.‍For q4, sees year-on-year constant currency service revenue growth in range of 2% to 4% for Latin American region‍​.For q4, sees EBIDTA growth of 4% to 6% for Latin America region.  Full Article

Millicom issues 10-year corporate bond
Wednesday, 20 Sep 2017 12:03pm EDT 

Sept 20 (Reuters) - Millicom International Cellular Sa :Millicom issues 10-year corporate bond, completes tender offer and satisfies redemption condition.has successfully issued a $500 million bond at par with a fixed coupon of 5.125%.Millicom intends to use the remaining bond proceeds, plus cash on hand, to redeem all Notes that remain outstanding pursuant to the Conditional Redemption Notice that was delivered on 11 September 2017, and confirms that the condition described in the Conditional Redemption Notice has now been satisfied .  Full Article

Millicom conditionally accepts $187 mln of notes for purchase in tender offer
Monday, 18 Sep 2017 09:37am EDT 

Sept 18 (Reuters) - Millicom :Millicom announces results of tender offer.Says ‍it has conditionally accepted for purchase $187.3 million in aggregate principal amount of notes.  Full Article

Millicom says pricing of $500 mln senior notes due 2028
Wednesday, 13 Sep 2017 04:10pm EDT 

Sept 13 (Reuters) - Millicom :Millicom announces the pricing of $500 million senior notes.Pricing of its $500 million 5.125 percent senior notes due 2028 , which are intended to be issued on 20 September 2017.  Full Article

Millicom says terminates agreement with Wari to sell Senegal unit
Monday, 31 Jul 2017 01:45am EDT 

July 31 (Reuters) - Millicom :Millicom terminates agreement with Wari and signs agreement to sell its Senegal business.Says has exercised its right to terminate its agreement to sell its Tigo operations in Senegal to Wari Group.Says has signed an agreement to sell its Senegal operations to a consortium consisting of NJJ, Sofima (telecom investment vehicle managed by Axian group) and Teyliom group, subject to customary closing conditions and regulatory approvals.  Full Article

Millicom Q2 revenue $1,517 mln vs $1,540 mln
Wednesday, 19 Jul 2017 04:01pm EDT 

July 19 (Reuters) - Millicom :Q2 EBITDA $535 million versus $538 million last year.Raising our long-term ambition to 15 million homes passed..Millicom - 2017 FY outlook, based on constant currency and at constant perimeter with Guatemala and Honduras fully consolidated, remains unchanged.Q2 revenue $1,517 million versus $1,540 million year ago.Expect FY results near low-end of guidance, mostly to reflect weaker than expected results from African operations.Sees FY 2017 service revenue low single-digit % organic growth.Sees FY 2017 EBITDA mid-to-high single-digit % organic growth.For 2017 continue to anticipate achieving equity free cash flow breakeven for the Africa region.  Full Article

Millicom's Colombian subsidiary signs lease back deal
Tuesday, 18 Jul 2017 03:01am EDT 

July 18 (Reuters) - Millicom :Millicom's Colombian subsidiary signs agreement to sell and lease back towers to American Tower.Says as a result of transaction, Tigo will receive approximately 448 billion COP, equivalent to $147 million, in cash.  Full Article

Millicom to sell and lease back towers to American Tower in Paraguay
Wednesday, 26 Apr 2017 02:12am EDT 

April 26 (Reuters) - Millicom :Millicom signs agreement to sell and lease back towers to American Tower in Paraguay.Tigo Paraguay will receive approximately GS700 billion, equivalent to US$125 million, in cash.Millicom - unit Telefonica Celular Del Paraguay to sell about 1,400 wireless communications towers to unit of American Tower Corp in Paraguay.  Full Article

Millicom Q1 operating profit matches expectations
Wednesday, 26 Apr 2017 02:00am EDT 

April 26 (Reuters) - Millicom :Q1 revenue $1,505 million.Q1 EBITDA $555.Millicom says EBITDA 2017 outlook mid-to-high single-digit % organic growth.Reuters poll: Millicom Q1 revenues were seen at $1,535 million, adjusted EBITDA at $558 million.Millicom says we remain on target to deliver on our goals for 2017.  Full Article

RPT-Emerging markets debt is so hot, some investors can’t get enough

NEW YORK, Dec 1 In their hunt for yield, some investors have been venturing into offerings as exotic as Tajikistan's sovereign bond or Iraq's first sovereign debt sale without U.S. backing in more than a decade only to find out that even those are pricey and hard to get.