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Millicom International Cellular SA (TIGO) stock

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NASDAQ: TIGO Nasdaq Integrated Telecommunication Services Next results ~November 5, 2026

C+ Fundamentals grade

Millicom International Cellular SA is a US-listed company in the integrated telecommunication services industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: after-tax interest is 57% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy.

Price vs value

Under review: after-tax interest is 57% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy. We'll show the comparison once resolved.

Millicom International Cellular SA valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 6 selling0 purchases and 7 sales by directors and officers, last 12 monthsInsider trades
  • Funds277 adding, 175 cuttingOf 55 active managers that changed their stake, 18 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Millicom International Cellular SA files

Where Millicom International Cellular SA stands after its latest Filing

Revenue for the twelve months was $5.82bn, up 0.3% on a year earlier, slower than the 2.5% growth a quarter earlier. That puts it 13 of 16 for growth among the integrated telecommunication services companies we cover. Free-cash-flow margin rose to 18.6% from 5.1% a year earlier. Operating margin widened to 28.2% from 14.5%. The diluted share count is down 2.6% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades C+. It passes 2 of our 5 financial-health checks.

Our model value for Millicom International Cellular SA is under review, so past values are not shown until it is resolved.

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 5, 2026 (estimated)

Millicom International Cellular SA's trailing-twelve-month revenue grew 0.3% year on year, with a free-cash-flow margin of 18.6%. Where it stands out: net margin of 22.6% ranks 2 of 16 integrated telecommunication services companies we cover. Where it lags: change in growth rate of -2.3pp ranks 15 of 16 integrated telecommunication services companies we cover.

Our discounted-cash-flow model values the business at ~$96 per share in the base case (~$63–$140 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 2.0% while net income grew 420.2%: a 418pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • High operating margin. 28.2% of revenue is left as operating profit, against a median of 20.3% for integrated telecommunication services companies we cover.
  • Margins widening. Operating margin is up 5.0 points on a year ago.
  • Shrinking share count. Diluted shares fell 2.6% in a year, so each share owns more of the business.

Things to watch

  • Growth easing. The growth rate is 2.3 points lower than a quarter earlier.
  • Below peers: change in growth rate. Change in growth rate of -2.3pp ranks 15 of 16 integrated telecommunication services companies we cover (median +0.9pp).
  • Below peers: long-term debt as % of assets. Long-term debt as % of assets of 38.0% ranks 11 of 13 integrated telecommunication services companies we cover (median 26.0%).

Latest results

Earnings per share
$0.65 against an average estimate of $0.59: beat by 10.4%
Next report
November 5, 2026; average EPS estimate $0.83

Millicom International Cellular SA's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-2.8%
  • 1 week-1.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$5.8B
Operating margin
28.2%
Net margin
22.6%
EPS (TTM, diluted)
$7.83

Growth

Revenue growth
+0.3%
Change in growth rate
−2.3 pts
Share count change
−2.6%

Cash

Free cash flow (TTM)
$1.1B
FCF margin
18.6%
Stock pay % of revenue
0.2%

News & updates

Updated November 2, 2026

Company announcements, filed results and changes that matter to shareholders.

No recent updates are available for TIGO from the sources we follow. See filings →

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Millicom International Cellular SA valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: held for review: after-tax interest is 57% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Millicom International Cellular SA as an operating company, with every model that fits that kind of business. Cost of equity 8.6%: the 10-year Treasury yield (4.9%) plus a beta of 0.8 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. — Does not apply: This model is withheld pending its input or assumption review.
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. — Does not apply: This model is withheld pending its input or assumption review.
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$47 ~$31–$73 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$45 ~$38–$54 Included
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Millicom International Cellular SA with Integrated Telecommunication Services in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 5, 2026, before the open. Analysts expect revenue of $2.2bn and EPS of $0.83 (range $0.83 to $0.83) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $4.53 +16% $8.8bn +51%
Next $7.06 +56% $9.1bn +4%

Next year's EPS estimate has moved −1.9% in 90 days, across 5 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −4.5% on 90 days ago. In the last 30 days, 2 analysts raised Millicom International Cellular SA's forecast and 2 cut it.

Consensus EPS forecast Millicom International Cellular SA, last 90 days
$4.00 $5.00 $6.00 $7.00 $8.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $4.74 Current fiscal year, 60 days ago: $4.40 Current fiscal year, 30 days ago: $4.54 Current fiscal year, 7 days ago: $4.55 Current fiscal year, Now: $4.53 $4.53 Next fiscal year, 90 days ago: $7.20 Next fiscal year, 60 days ago: $6.83 Next fiscal year, 30 days ago: $7.05 Next fiscal year, 7 days ago: $7.05 Next fiscal year, Now: $7.06 $7.06

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $4.74$7.20
60 days ago $4.40$6.83
30 days ago $4.54$7.05
7 days ago $4.55$7.05
Now $4.53$7.06

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.59 $0.65 +10.4%
Mar 2026 $0.85 $0.58 −31.8%
Dec 2025 $0.74 $1.51 +105.0%
Sept 2025 $0.78 $1.17 +50.2%

Adjusted EPS as companies report it, against the average analyst estimate.

Analyst recommendations

8 analysts, Nov 2026
Buy225%
Hold563%
Sell113%

Monthly trend

  1. Nov 20262518
  2. Oct 20261618
  3. Sep 20261618

Counts of recommendations published by analysts covering Millicom International Cellular SA, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
2.8%
of tradable shares
Days to cover
2.64
at average volume
Short interest, 1 month
−14%
to October 15, 2026
Held by institutions
48%
of shares
Held by insiders
46.1%
of shares
Employees
14,250
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

Price behaviour

52-week range
Not enough history
From 52-week high
—
vs 50-day average
—
vs 200-day average
—
Volatility (1 year)
—
Beta vs S&P 500
—

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Millicom International Cellular SA in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Millicom International Cellular SA
$3B $4B $5B $6B FY16 Q4 FY18 Q4 FY20 Q4 FY22 Q4 FY25 Q4 Revenue (TTM), FY16 Q4: $4B Revenue (TTM), FY17 Q4: $3.9B Revenue (TTM), FY18 Q4: $3.9B Revenue (TTM), FY19 Q4: $4.3B Revenue (TTM), FY20 Q4: $3.8B Revenue (TTM), FY21 Q4: $4.3B Revenue (TTM), FY22 Q4: $5.6B Revenue (TTM), FY23 Q4: $5.7B Revenue (TTM), FY24 Q4: $5.8B Revenue (TTM), FY25 Q4: $5.8B $5.8B

Source: SEC EDGAR filings. Retrieved November 1, 2026.

View chart data
Period Revenue (TTM)
FY16 Q4 $4B
FY17 Q4 $3.9B
FY18 Q4 $3.9B
FY19 Q4 $4.3B
FY20 Q4 $3.8B
FY21 Q4 $4.3B
FY22 Q4 $5.6B
FY23 Q4 $5.7B
FY24 Q4 $5.8B
FY25 Q4 $5.8B
Revenue growth, TTM YoY Millicom International Cellular SA
-20% 0% 20% 40% FY17 Q4 FY19 Q4 FY21 Q4 FY23 Q4 FY25 Q4 Revenue growth, TTM YoY, FY17 Q4: -2.6% Revenue growth, TTM YoY, FY18 Q4: 0.3% Revenue growth, TTM YoY, FY19 Q4: 9.9% Revenue growth, TTM YoY, FY20 Q4: -12.2% Revenue growth, TTM YoY, FY21 Q4: 12.0% Revenue growth, TTM YoY, FY22 Q4: 32.0% Revenue growth, TTM YoY, FY23 Q4: 0.7% Revenue growth, TTM YoY, FY24 Q4: 2.5% Revenue growth, TTM YoY, FY25 Q4: 0.3% 0.3%

Source: SEC EDGAR filings. Retrieved November 1, 2026.

View chart data
Period Revenue growth, TTM YoY
FY17 Q4 -2.6%
FY18 Q4 0.3%
FY19 Q4 9.9%
FY20 Q4 -12.2%
FY21 Q4 12.0%
FY22 Q4 32.0%
FY23 Q4 0.7%
FY24 Q4 2.5%
FY25 Q4 0.3%
Operating margin (TTM) Millicom International Cellular SA
10% 15% 20% 25% 30% FY16 Q4 FY18 Q4 FY20 Q4 FY22 Q4 FY25 Q4 Operating margin (TTM), FY16 Q4: 12.1% Operating margin (TTM), FY17 Q4: 16.1% Operating margin (TTM), FY18 Q4: 16.2% Operating margin (TTM), FY19 Q4: 13.3% Operating margin (TTM), FY20 Q4: 10.6% Operating margin (TTM), FY21 Q4: 14.5% Operating margin (TTM), FY22 Q4: 16.3% Operating margin (TTM), FY23 Q4: 14.6% Operating margin (TTM), FY24 Q4: 23.1% Operating margin (TTM), FY25 Q4: 28.2% 28.2%

Source: SEC EDGAR filings. Retrieved November 1, 2026.

View chart data
Period Operating margin (TTM)
FY16 Q4 12.1%
FY17 Q4 16.1%
FY18 Q4 16.2%
FY19 Q4 13.3%
FY20 Q4 10.6%
FY21 Q4 14.5%
FY22 Q4 16.3%
FY23 Q4 14.6%
FY24 Q4 23.1%
FY25 Q4 28.2%
FCF margin (TTM) Millicom International Cellular SA
0% 5% 10% 15% 20% FY16 Q4 FY18 Q4 FY20 Q4 FY22 Q4 FY25 Q4 FCF margin (TTM), FY16 Q4: 3.9% FCF margin (TTM), FY17 Q4: 4.3% FCF margin (TTM), FY18 Q4: 4.1% FCF margin (TTM), FY19 Q4: 1.5% FCF margin (TTM), FY20 Q4: 5.2% FCF margin (TTM), FY21 Q4: 5.1% FCF margin (TTM), FY22 Q4: 8.6% FCF margin (TTM), FY23 Q4: 7.2% FCF margin (TTM), FY24 Q4: 18.3% FCF margin (TTM), FY25 Q4: 18.6% 18.6%

Source: SEC EDGAR filings. Retrieved November 1, 2026.

View chart data
Period FCF margin (TTM)
FY16 Q4 3.9%
FY17 Q4 4.3%
FY18 Q4 4.1%
FY19 Q4 1.5%
FY20 Q4 5.2%
FY21 Q4 5.1%
FY22 Q4 8.6%
FY23 Q4 7.2%
FY24 Q4 18.3%
FY25 Q4 18.6%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 20-F, 20-F/A. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Millicom International Cellular SA took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $5.8B
  2. Cost of revenue $1.3B · 22.5%
  3. Gross profit $4.5B · 77.5%
  4. Other operating costs $2.9B · 49.3%
  5. Operating income $1.6B · 28.2%
  6. Income tax $303M · 5.2%
  7. Net income $1.3B · 22.6%

Shares of revenue. Source: Millicom International Cellular SA's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025
Income
Revenue 4,043 3,936 3,946 4,336 3,805 4,261 5,624 5,661 5,804 5,819
Gross profit 2,868 2,767 2,829 3,135 2,745 3,063 4,118 4,154 4,384 4,508
EBITDA 1,343 1,444 1,443 1,675 1,521 1,733 2,259 2,164 2,577 2,919
Operating income 490 632 640 575 402 619 915 826 1,342 1,639
Net income −32 87 −10 149 −344 590 177 −82 253 1,316
Diluted EPS −$0.32 $0.86 −$0.10 $1.48 −$2.67 $4.57 $1.27 −$0.48 $1.46 $7.83
Growth (year on year)
Revenue — −2.6% +0.3% +9.9% −12.2% +12.0% +32.0% +0.7% +2.5% +0.3%
EBITDA — +7.5% −0.1% +16.1% −9.2% +13.9% +30.4% −4.2% +19.1% +13.3%
Operating income — +29.0% +1.3% −10.2% −30.1% +54.0% +47.8% −9.7% +62.5% +22.1%
Net income — — −111.5% — −330.9% — −70.0% −146.3% — +420.2%
Diluted EPS — — −111.6% — −280.4% — −72.2% −137.8% — +436.3%
Margins
Gross margin 70.9% 70.3% 71.7% 72.3% 72.1% 71.9% 73.2% 73.4% 75.5% 77.5%
EBITDA margin 33.2% 36.7% 36.6% 38.6% 40.0% 40.7% 40.2% 38.2% 44.4% 50.2%
Operating margin 12.1% 16.1% 16.2% 13.3% 10.6% 14.5% 16.3% 14.6% 23.1% 28.2%
Net margin −0.8% 2.2% −0.3% 3.4% −9.0% 13.8% 3.1% −1.4% 4.4% 22.6%
Free-cash-flow margin 3.9% 4.3% 4.1% 1.5% 5.2% 5.1% 8.6% 7.2% 18.3% 18.6%
Cash flow
Cash from operations 878 820 792 801 821 956 1,284 1,223 1,603 1,734
Capital spending 719 650 632 736 622 740 800 814 540 650
Free cash flow 159 170 160 65 199 216 484 409 1,063 1,084
Stock-based pay 14 22 22 30 24 17 29 52 50 14
Free cash flow after stock pay 145 148 138 35 175 199 455 357 1,013 1,070
Balance sheet
Cash 646 619 528 1,164 875 895 1,039 775 699 1,552
Total debt 0 3,785 4,580 5,972 5,691 7,744 6,804 6,697 5,815 6,886
Net debt (negative = net cash) −646 3,166 4,052 4,808 4,816 6,849 5,765 5,922 5,116 5,334
Diluted shares 100m 100m 101m 101m 129m 129m 140m 171m 173m 168m
Returned to shareholders
Buybacks — — 0 0 10 50 0 5 99 119
Total returned — — 0 0 10 50 0 5 99 119

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 5 checks passed · December 31, 2025
  • Short-term assets cover short-term liabilities The company doesn't report a short-term split. Not assessable.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt $1.6bn of cash against $6.9bn of debt.
  • Debt below 40% of shareholders' equity Debt is 189% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 271% to 189% over five years.
  • A year's operating cash flow covers at least 20% of debt $1.7bn of operating cash flow against $6.9bn of debt.
  • Operating profit covers interest at least five times over Operating income of $1.6bn against $589m of interest.

From Millicom International Cellular SA's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2025 Q4 TTM
Buybacks (TTM)
$119M
Returned to shareholders
11%
of free cash flow
Buybacks, last 3 fiscal years
$223M
Diluted share count
−2.6%
year over year
Total shareholder yield
0.9%
dividends 0.0% + buybacks 0.9% of market value

Competitors: side by side with peers

Closest by revenue in integrated telecommunication services
Last 12 months unless stated TIGO TIMB CHT VEON TU BCE Median
Revenue, last 12 months $5.8bn $4.8bn $7.6bn $4.4bn $14.7bn $17.5bn $4.6bn
Revenue growth, last 12 months 0.3% 0.5% 5.9% 9.9% −1.4% −1.7% 3.3%
Gross margin 77.5% 53.9% 36.8% — 88.3% 68.4% 61.2%
Operating margin 28.2% 23.8% 20.6% 32.7% 11.5% — 20.3%
Operating margin, 3-year average 19.6% — 20.8% 24.9% 16.6% — 16.7%
Net margin 22.6% 16.2% 16.4% 13.4% 5.4% 26.6% 10.5%
Cash from operations / revenue 29.8% 50.5% 32.8% 70.2% 23.7% 28.6% 28.5%
Free-cash-flow margin 18.6% 33.4% 21.1% 54.4% 10.4% 13.5% 13.9%
Free-cash-flow margin, 3-year average 9.3% — 19.7% — 9.4% 13.8% 10.2%
Stock pay / revenue 0.2% 0.1% — — 0.7% — 0.8%
Change in share count −2.6% −0.2% 0.0% −0.9% 2.8% 1.8% 0.5%

Median of all 16 companies we cover in integrated telecommunication services. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

16 integrated telecommunication services companies
Measure Company Peer median Rank
Revenue growth Growth 0.3% 3.5% 13 of 16
Change in growth rate Growth -2.3pp +0.9pp 15 of 16
Gross margin Profitability 77.5% 62.1% 2 of 8
Operating margin Profitability 28.2% 20.3% 3 of 15
Net margin Profitability 22.6% 10.7% 2 of 16
Free-cash-flow margin Cash generation 18.6% 13.8% 4 of 15
Stock pay as % of revenue Cash generation 0.2% 0.8% 3 of 9
Long-term debt as % of assets Balance sheet 38.0% 26.0% 11 of 13
Change in share count Balance sheet -2.6% 0.0% 2 of 15

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Who owns it

Funds buying and selling
Reported value
$7B
Institutions reporting
433
Shares held vs prior quarter
▲ 7.0%
Positions opened / closed
116 / 48

Top buyers and sellers, Q2 2026: 277 institutions bought and 175 sold ; the biggest buyer was Capital World Investors (+3.7M shares) and the biggest seller Qube Research & Technologies Ltd (−964K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Dodge & Cox $746M 8.2M 10.6% ▲ 0.7%
Blackrock, Inc. $739M 8.1M 10.5% ▲ 35.6%
Jpmorgan Chase & Co $623M 6.7M 8.9% ▼ 9.1%
Capital World Investors $332M 3.7M 4.7% New
State Street Corp $251M 2.8M 3.6% ▲ 21.5%
Brandes Investment Partners, LP $250M 2.8M 3.6% ▼ 15.5%
Barclays PLC $243M 2.7M 3.5% ▼ 9.2%
Axiom Investors LLC $145M 1.6M 2.1% ▲ 625.3%
Swedbank AB $140M 1.5M 2.0% ▼ 3.8%
Geode Capital Management, LLC $139M 1.5M 2.0% ▲ 95.4%
Northern Trust Corp $132M 1.5M 1.9% ▲ 18.4%
UBS Group AG $123M 1.4M 1.8% ▲ 43.0%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Millicom International Cellular SA's complete shareholder register. Values are as reported by the filers ; 7 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $8.3M 7 trades by 6 insiders · 0% under pre-set plans
Net ▼ $8.3M net selling
Insider Date Trade Shares Price Value
Lesina Karim Antonio EVP, CEA Officer June 11, 2026 Sell 42,497 $90.00 $3.8M
Escalon Salvador Chief Legal & Compliance Off. June 1, 2026 Sell 40,788 $88.52 $3.6M
Escalon Salvador Chief Legal & Compliance Off. June 1, 2026 Sell 8,500 $88.49 $752,165
Arnal Maria Teresa Director May 20, 2026 Sell 284 $73.92 $20,993
Churchill Bruce Director May 20, 2026 Sell 284 $73.92 $20,993
Dimovic Justine Director May 20, 2026 Sell 284 $73.92 $20,993
Trevino De Vega Blanca Director May 20, 2026 Sell 284 $73.92 $20,993

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Recent SEC filings

Data status

When each part of this page on Millicom International Cellular SA was last updated.

DataLast updatedSource
Share priceExchange closing prices
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Millicom International Cellular SA in brief

What does Millicom International Cellular SA do?
Millicom International Cellular SA is a US-listed company in the integrated telecommunication services industry. Its financial year ends in December.
What is Millicom International Cellular SA's stock ticker?
Millicom International Cellular SA trades under the ticker TIGO on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Millicom International Cellular SA's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Millicom International Cellular SA reported revenue of $5.8B, 0.3% higher than a year earlier, according to its SEC filings.
What is Millicom International Cellular SA's free cash flow?
Millicom International Cellular SA's free-cash-flow margin is 18.6% of revenue over the trailing twelve months, ranking 4 of the 15 integrated telecommunication services companies we cover.
Who are Millicom International Cellular SA's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Dodge & Cox, Blackrock, Inc. and Jpmorgan Chase & Co. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Millicom International Cellular SA buying back stock, and does it pay a dividend?
Millicom International Cellular SA spent $119M on share repurchases over the trailing twelve months, and its diluted share count fell 2.6% over the year.
How much debt does Millicom International Cellular SA have?
Millicom International Cellular SA's debt-to-equity ratio is 189.2%, from its latest balance sheet (270.9% five years earlier). The financial health section below sets out its other solvency checks.
Who are Millicom International Cellular SA's competitors?
In our Integrated Telecommunication Services peer group, the companies closest to Millicom International Cellular SA are TIM S.a., Chunghwa Telecom Co LTD, Veon Ltd., Telus Corp and BCE Inc. The side-by-side comparison below sets their revenue, margins and growth against Millicom International Cellular SA's.
Are insiders buying or selling Millicom International Cellular SA stock?
Over the last 12 months, Millicom International Cellular SA's directors and officers reported 0 open-market purchases and 7 sales on Form 4. The insider trading page charts every trade.
When is Millicom International Cellular SA's next earnings date?
Around November 5, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Millicom International Cellular SA announces its own schedule.