Skip to Content

Millicom International Cellular SA SDR TIGO SDB Stock Quote

| Rating as of

Morningstar‘s Stock Analysis TIGO SDB

Currency in SEK
Is it the right time to buy or sell?
Is it the right time to buy or sell?

1-Star Price


5-Star Price


Economic Moat


Capital Allocation


Millicom Should Generate Solid Growth as Wireless and Broadband Demand Expands in Latin America

Business Strategy and Outlook

| Michael Hodel, CFA |

After several years of restructuring, Millicom is now best thought of as a collection of investments in Latin American telecom businesses. We expect the firm will spend the next couple of years primarily operating its businesses rather than reshaping its portfolio, allowing it to more clearly demonstrate its ability to generate cash flow.

Unlock Our Full Analysis With Morningstar Investor

Key Statistics TIGO SDB

Company Profile TIGO SDB

Business Description

Millicom offers wireless and fixed-line telecom services primarily in smaller, less congested markets or in less developed countries in Latin America. Countries served include Bolivia (100% owned), Honduras (67%), Nicaragua (100%), Panama (100%), El Salvador (100%), Guatemala (100%), Paraguay (100%), Colombia (50%), and Costa Rica (100%). The firm’s fixed-line networks reach more than 12 million homes while its wireless networks cover about 130 million people. Increasingly, Millicom offers a converged package that may include fixed-line phone, broadband, and pay television in conjunction with wireless services. The firm plans to carve out its infrastructure assets and mobile financial services business in 2023.

2, Rue du Fort Bourbon
Luxembourg, L-1249, Luxembourg
T +352 27759101
Industry Telecom Services
Most Recent Earnings Jun 30, 2022
Fiscal Year End Dec 31, 2022
Employees 20,000