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Millicom International Cellular SA (MICsdb.ST)

MICsdb.ST on Stockholm Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Bharti Airtel Gets Regulatory Approval To Acquire Ops Of Millicom In Rwanda
Wednesday, 24 Jan 2018 

Jan 24 (Reuters) - Bharti Airtel Ltd ::SAYS CO GETS REGULATORY APPROVAL TO ACQUIRE OPERATIONS OF MILLICOM IN RWANDA.  Full Article

Millicom Says Subsidiary Tigo Acquires Spectrum In Paraguay
Friday, 5 Jan 2018 

Jan 5 (Reuters) - Millicom ::ACQUIRES SPECTRUM IN PARAGUAY.CO'S SUBSIDIARY TELEFÓNICA CELULAR DEL PARAGUAY SA HAS ACQUIRED THREE OF SEVEN AVAILABLE BLOCKS OF 2X5MHZ SPECTRUM IN 700MHZ BAND​.‍TIGO ACQUIRED SPECTRUM AT A TOTAL COST OF $36.325M, PLUS CERTAIN SOCIAL AND NETWORK COVERAGE OBLIGATIONS​.  Full Article

Millicom Sells Part Of Its Stake In Bima
Tuesday, 19 Dec 2017 

Dec 19 (Reuters) - Millicom International Cellular Sa ::MILLICOM SELLS PART OF ITS STAKE IN BIMA.Millicom announced today that it has reduced its ownership stake in BIMA from 20.4% to 12.0% as part of a transaction that sees Allianz X investing $96.6m in the micro-insurance business. As a result of the transaction, Millicom receives $24m in cash..  Full Article

Millicom says to sell Rwanda business to Bharti Airtel
Tuesday, 19 Dec 2017 

Dec 19 (Reuters) - Millicom ::TO SELL ITS RWANDA BUSINESS TO BHARTI AIRTEL.SAYS ‍TOTAL CONSIDERATION OF TRANSACTION IS APPROXIMATELY 6X 2017 ADJUSTED EBITDA, PAYABLE OVER TWO YEARS, CONSISTING OF A MIX OF CASH, VENDOR LOAN NOTE AND EARN OUT​.SAYS ‍TRANSACTION IS SUBJECT TO REGULATORY APPROVALS​.  Full Article

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

Tanzania charges telecoms executives with fraud in tax evasion crackdown

DAR ES SALAAM, June 6 Tanzanian prosecutors on Wednesday charged two chief executives of mobile phone companies and four other suspects with fraud as part of a crackdown against tax evasion in the East African nation.