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Millicom International Cellular SA (MICsdb.ST)

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Latest Key Developments (Source: Significant Developments)

Millicom CFO expects muted margins in Colombia in next couple of quarters
Wednesday, 25 Oct 2017 

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 

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 cuts 2016 growth outlook, Q2 core profit just lags expectations
Thursday, 21 Jul 2016 

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 

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 

: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 

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 

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 

Millicom International Cellular SA:Proposes a dividend of $2.64 per share.  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.