Millicom International Cellular (TIGO)
Connects Latin American consumers and businesses through Tigo mobile, broadband, television and digital services.
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Provides mobile and fixed connectivity, pay TV, financial services, and enterprise cloud and security solutions under the Tigo brands across Latin America. Revenue-generating operations are organized by country, combining shared branding and fixed-mobile networks with exposure to local regulation, currencies, economies, network investment, and compliance obligations.
Provides mobile and fixed connectivity under the Tigo and Tigo Business brands across Latin America. Consumer offerings span mobile data and voice, broadband, pay TV, Tigo Money and local entertainment, while enterprise services include data, cloud and security solutions.
Operations combine country-scale mobile networks with fixed fiber-cable infrastructure, a convergence model built through acquisitions and recently extended into Uruguay and Ecuador. Geographic segments include Guatemala, Colombia, Panama, Honduras, Paraguay, Bolivia and Other, covering additional Central and South American markets.
Execution centers on integrating mobile and fixed services and distributing a shared brand across distinct national operations. The business depends on country-specific spectrum and telecommunications rules, local currencies and economies, sustained network investment, and compliance controls across multiple jurisdictions. TIGO Guatemala also remains subject to cooperation, remediation and reporting obligations under its deferred-prosecution agreement.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 20, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $55 | Target: $94 |
| Aug 18, 2026 | RBC Capital | Target | Target: — | Target: $105 |
| Aug 18, 2026 | JP Morgan | Downgrade | ||
| Aug 7, 2026 | Scotiabank | Reiterate | Rating: —Target: $52.40 | Target: $60.10 |
| Jul 14, 2026 | UBS | Reiterate | Rating: —Target: $90 | Target: $100 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $861.0M · Total debt $11.90B · Total assets $20.68B · Shareholders' equity $2.53B
- Revenue
- $2.18B
- Operating income
- $490.0M
- Net income
- $109.0M
HistoryDividendAnnual yieldUpcoming
| Institutions | ≈ 44.77% | 75.66M ADS | |
|---|---|---|---|
| 445 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 0.40% | 681.9K ADS | |
| 9 holders · as of Jul 6, 2026 | |||
| Other | ≈ 54.83% | 92.65M ADS | |
| remainder | |||
169.00M ADS as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Dodge & CoxInstitution | 4.86% | 8.22M ADS | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 4.82% | 8.14M ADS | as of Jun 30, 2026 |
JPMorgan Chase & CoInstitution | 3.99% | 6.75M ADS | as of Jun 30, 2026 |
Capital World InvestorsInstitution | 2.17% | 3.66M ADS | as of Jun 30, 2026 |
State Street CorpInstitution | 1.64% | 2.77M ADS | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 20, 2026 | Maria Teresa Arnal | director | −284 | $73.92 |
| May 20, 2026 | Bruce Churchill | director | −284 | $73.92 |
| May 20, 2026 | Justine Dimovic | director | −284 | $73.92 |
| May 20, 2026 | de Vega Blanca Trevino | director | −284 | $73.92 |
| Jun 11, 2026 | Karim Antonio Lesina | officer: EVP, CEA Officer | −42,497 | $90.00 |
- América Móvil (ADR)
Broad Claro rivalry across mobile, broadband, and pay TV
- Liberty Latin America
Panama convergence rival across mobile, broadband, and enterprise
- Telecom Argentina (ADR)
Personal rivalry in Paraguay mobile, internet, TV, and fintech
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Millicom International Cellular | $93.78 | −0.64% | $15.81B | 23.8 | 25.8 | 2.2 | +58.8% |
| América Móvil (ADR) | $22.07 | −0.99% | $66.89B | 12.9 | 14.2 | 1.2 | +10.5% |
| Liberty Latin America | $8.74 | −0.63% | $2.59B | — | — | 0.6 | +1.5% |
| Telecom Argentina (ADR) | $14.06 | −0.85% | $6.11B | 12.7 | 50.0 | 1.0 | +18.1% |
| Median | 12.8 | 32.1 | 1.0 | +10.5% |