Millicom International Cellular S.A.

Millicom International Cellular is a global telecommunications group with mobile telephony operations in emerging markets. Co also operates various combinations of fixed telephony, cable and broadband businesses in five countries in Central America. Co. operates its mobile businesses in El Salvador, Guatemala, Honduras, Bolivia, Colombia, Paraguay, Chad, the Democratic Republic of Congo, Ghana, Mauritius, Rwanda, Senegal, Tanzania and Laos. Co. also provides broadband and cable television services in Costa Rica, Honduras and El Salvador; fixed telephony in El Salvador and Honduras, and corporate data services in the above countries and in Guatemala and Nicaragua.
  • TickerMIC SDB
  • ISINSE0001174970
  • ExchangeNasdaq Nordic Stockholm
  • SectorMobile Telecommunications
  • CountryUnited States

Analysts

Michael Hodel

Morningstar | Millicom's Acquisition Activity Should Open Up Growth Opportunities

Millicom has long focused on smaller and more out-of-the way countries than its larger peers, notably in Latin America and Africa. Because of its long history in these markets, the firm often holds dominant wireless market share. More recently, Millicom has shifted its focus, expanding its presence in Latin America, shedding operations in Africa, and aggressively investing to build and acquire cable assets. We think this strategy makes sense, putting the firm in a position to generate solid growth as Internet adoptions expand across the region. Millicom has provided wireless service in Guatema...

Michael Hodel

Millicom's Acquisition Activity Should Open Up Growth Opportunities

Millicom reported mixed first-quarter results with revenue light and EBITDA margin strong. The firm reported revenue growth of 5.1% year over year primarily driven by the acquisition of Cable Onda in Panama. Revenue growth elsewhere was mostly offset by currency depreciation that occurred last year. Importantly, organic revenue growth was 3.7%, in line with our estimate of 3.5%. Our revenue projection of 15.2% assumes the proposed acquisitions of Telefonica’s wireless operations in Panama, Nicar...

Allan C. Nichols

Morningstar | Millicom Reports Mixed First-Quarter Results; Maintaining $86 FVE, Shares Undervalued

Millicom reported mixed first-quarter results with revenue light and EBITDA margin strong. The firm reported revenue growth of 5.1% year over year primarily driven by the acquisition of Cable Onda in Panama. Revenue growth elsewhere was mostly offset by currency depreciation that occurred last year. Importantly, organic revenue growth was 3.7%, in line with our estimate of 3.5%. Our revenue projection of 15.2% assumes the proposed acquisitions of Telefonica’s wireless operations in Panama, Nicaragua, and Costa Rica close in early August, providing revenue for 40% of the year. On the conference...

Allan C. Nichols

Millicom Reports Mixed First-Quarter Results; Maintaining $86 FVE, Shares Undervalued

Millicom reported mixed first-quarter results with revenue light and EBITDA margin strong. The firm reported revenue growth of 5.1% year over year primarily driven by the acquisition of Cable Onda in Panama. Revenue growth elsewhere was mostly offset by currency depreciation that occurred last year. Importantly, organic revenue growth was 3.7%, in line with our estimate of 3.5%. Our revenue projection of 15.2% assumes the proposed acquisitions of Telefonica’s wireless operations in Panama, Nicar...

Expert Corporate Governance Service (ECGS)

Millicom International Cellular - AGM 02 May 2019

Both Mr. Santo Domingo and Mr. Duffy stepped down from the Board in May 2018. ECGS notes that the Company has significantly improved the independence rate and percentage of women on board. After the AGM, there will be 75% of independent members on board compared to 50% for the previous years, which respects ECGS’ guidelines of 50% minimum. Furthermore, there will be 3 women on board (37.5%), compared to 12.5% in 2018, which respects ECGS’ guidelines of 30% minimum. ITEMS 8 to 14 and ITEM 16, the board seeks shareholder approval to re-elect all the Directors. Given the sufficient independence...

Michael Hodel

Morningstar | Millicom's Acquisition Activity Should Open Up Growth Opportunities

Millicom has long focused on smaller and more out-of-the way countries than its larger peers, notably in Latin America and Africa. Because of its long history in these markets, the firm often holds dominant wireless market share. More recently, Millicom has shifted its focus, expanding its presence in Latin America, shedding operations in Africa, and aggressively investing to build and acquire cable assets. We think this strategy makes sense, putting the firm in a position to generate solid growth as Internet adoptions expand across the region. Millicom has provided wireless service in Guatema...

Michael Hodel

Millicom's Acquisition Activity Should Open Up Growth Opportunities

Millicom reported mixed first-quarter results with revenue light and EBITDA margin strong. The firm reported revenue growth of 5.1% year over year primarily driven by the acquisition of Cable Onda in Panama. Revenue growth elsewhere was mostly offset by currency depreciation that occurred last year. Importantly, organic revenue growth was 3.7%, in line with our estimate of 3.5%. Our revenue projection of 15.2% assumes the proposed acquisitions of Telefonica’s wireless operations in Panama, Nicar...

Allan C. Nichols

Morningstar | Millicom Reports Mixed First-Quarter Results; Maintaining $86 FVE, Shares Undervalued

Millicom reported mixed first-quarter results with revenue light and EBITDA margin strong. The firm reported revenue growth of 5.1% year over year primarily driven by the acquisition of Cable Onda in Panama. Revenue growth elsewhere was mostly offset by currency depreciation that occurred last year. Importantly, organic revenue growth was 3.7%, in line with our estimate of 3.5%. Our revenue projection of 15.2% assumes the proposed acquisitions of Telefonica’s wireless operations in Panama, Nicaragua, and Costa Rica close in early August, providing revenue for 40% of the year. On the conference...

Allan C. Nichols

Millicom Reports Mixed First-Quarter Results; Maintaining $86 FVE, Shares Undervalued

Millicom reported mixed first-quarter results with revenue light and EBITDA margin strong. The firm reported revenue growth of 5.1% year over year primarily driven by the acquisition of Cable Onda in Panama. Revenue growth elsewhere was mostly offset by currency depreciation that occurred last year. Importantly, organic revenue growth was 3.7%, in line with our estimate of 3.5%. Our revenue projection of 15.2% assumes the proposed acquisitions of Telefonica’s wireless operations in Panama, Nicar...

Allan C. Nichols

Morningstar | Millicom Agrees to Acquire Telefonica's Wireless Operations in Panama, Nicaragua, and Costa Rica

We think Millicom International Cellular is an interesting company. It has tended to focus on smaller and more out-of-the way countries than its larger peers. The firm has long had a core business in Central America that was overlooked by America Movil and Telefonica, the two mega-operators in Latin America, until growth was slowing in the larger markets. In addition to Central America, it has expanded to some of the smaller South American countries and also a few African countries.The firm is the largest wireless operator in Guatemala, El Salvador, Honduras, Paraguay, as well as the largest p...

MILLICOM INTL.CELU.SA sees an upgrade to Positive due to a better fundamental star rating

The general evaluation of MILLICOM INTL.CELU.SA (SE), a company active in the Mobile Telecommunications industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as defensive. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Positive. As of the analysis date April 2, 2019, the closing price was SEK 570.50 and its potential was estimated at SEK 636.34.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Expert Corporate Governance Service (ECGS)

Millicom International Cellular - AGM 02 May 2019

Both Mr. Santo Domingo and Mr. Duffy stepped down from the Board in May 2018. ECGS notes that the Company has significantly improved the independence rate and percentage of women on board. After the AGM, there will be 75% of independent members on board compared to 50% for the previous years, which respects ECGS’ guidelines of 50% minimum. Furthermore, there will be 3 women on board (37.5%), compared to 12.5% in 2018, which respects ECGS’ guidelines of 30% minimum. ITEMS 8 to 14 and ITEM 16, the board seeks shareholder approval to re-elect all the Directors. Given the sufficient independence...

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