Cove Street Capital LLC Reduces Stake in Millicom International Cellular S.A. by 9.1%

🌥️Trending News

Millicom International Cellular ($NASDAQ:TIGO) S.A. offers mobile services such as voice, data, SMS and MMS, digital media services such as streaming, music and video content, and broadband internet services through fixed and wireless technologies. The company also provides a range of enterprise services for businesses and government organizations. The company is known for its disciplined investment approach, sophisticated analysis of new opportunities, and long-term focus on growth markets.

This latest reduction in stake shows the company’s view on current market conditions and the direction of Millicom International Cellular S.A. Given the current environment, Millicom International Cellular S.A. is in a unique position to capitalize on current trends and benefit from increased demand for telecommunications services. With its focus on providing top-notch quality services and its steady economic performance, the company is well positioned to remain a leader in the global telecommunications market.

Analysis

At GoodWhale, we recently conducted an in-depth analysis of MILLICOM INTERNATIONAL CELLULAR S.A’s wellbeing. Our Risk Rating indicates that MILLICOM INTERNATIONAL CELLULAR S.A is a medium risk investment in terms of financial and business aspects. During our analysis, we identified two risk warnings in the income sheet and balance sheet. If you’d like further insight into these risk warnings, please register with us and we’d be happy to provide you with more information. More…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for TIGO. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for TIGO. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for TIGO. More…

Key Ratios Snapshot

Some of the financial key ratios for TIGO are shown below. More…

Peers

The company has a strong presence in both regions, with over 55 million customers and operations in 19 countries. Millicom is a leading provider of mobile voice and data services, fixed-line telephony, and broadband internet. The company has a significant market share in both prepaid and postpaid mobile services. Millicom’s main competitors are Shaw Communications Inc, SK Telecom Co Ltd, and StarHub Ltd. These companies are all leading providers of telecommunications services in their respective markets. Shaw is the largest provider of telecommunications services in Canada, with over 10 million customers. SK Telecom is the largest mobile operator in South Korea, with over 50 million subscribers. StarHub is the largest provider of pay TV and broadband internet services in Singapore, with over 1 million customers.

– Shaw Communications Inc ($TSX:SJR.B)

Shaw Communications Inc is a Canadian telecommunications company that provides telephone, Internet, television, and wireless services to consumers and businesses in Canada. The company has a market capitalization of $17.67 billion as of 2022 and a return on equity of 12.9%. Shaw is one of the leading providers of telecommunications services in Canada and is headquartered in Calgary, Alberta.

– SK Telecom Co Ltd ($KOSE:017670)

SK Telecom Co Ltd is a South Korean wireless telecommunications operator, with headquarters in the Bundang District of Seongnam, South Korea. The company was founded in March 1984 as Korea’s first wireless telecommunications provider, and as of 2020, it is South Korea’s largest mobile telecommunications operator. SK Telecom is also the world’s first commercial CDMA2000 1xEV-DO service. The company controls around half of South Korea’s mobile market share, with 29 million subscribers as of 2020. The company’s stock trades on the Korea Exchange under the ticker symbol 017670.

SK Telecom has a market capitalization of 10.97 trillion won as of December 2020. The company’s return on equity (ROE) was 9.16% as of the same date.

SK Telecom is South Korea’s largest wireless telecommunications operator, with a 50% market share in the country. The company offers voice, data, and multimedia services to its customers, and also provides a wide range of mobile devices and accessories. SK Telecom’s multimedia services include T-money (a prepaid card used for public transportation), T-store (an app store), and Tcast (an online streaming service). The company also has a wide range of business solutions, including enterprise mobility, cloud, big data, and IoT.

– StarHub Ltd ($SGX:CC3)

Singaporean telecommunications company StarHub has a market capitalization of 1.82 billion as of 2022. The company’s return on equity is 24.2%. StarHub is a leading provider of mobile, broadband, and pay TV services in Singapore. The company offers a wide range of services to both residential and business customers. StarHub’s mobile network covers more than 99% of the country’s population. The company’s broadband network reaches more than 98% of households. StarHub’s pay TV service, HubTV, has more than 400 channels and is available in HD.

Summary

Millicom International Cellular S.A. is a Luxembourg-based telecommunications and digital services provider. On the same day, the company’s stock price moved down, suggesting that investors were reacting to the news of the decreased ownership stake. Analysts have suggested that investors should monitor the company’s financial performance closely to determine if further adjustments to their positions are necessary. Overall, it is important to pay close attention to movements in Millicom International Cellular S.A.’s stock price and ownership structure in order to guide investment decisions.