Discover What’s Happening at Millicom International Cellular S.A
January 5, 2024
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Along with its mission to make connectivity universal, the company also strives to develop an attractive portfolio of products and services to increase the quality of life for customers around the world. This is what’s happening at Millicom International Cellular ($NASDAQ:TIGO) S.A. The company is focused on providing high-speed data, digital lifestyle services, and innovative products and services, such as mobile financial services, to its customers. Millicom seeks to enhance its existing suite of mobile services and expand into new markets by leveraging its partnerships with leading industry players. It also looks to leverage its network and infrastructure to drive innovation and further enhance customer experience.
In addition, the company is actively exploring opportunities to expand into other regions, including Asia and North America. The company has made significant progress in developing its digital strategy, investing in projects that will improve customer experience, and diligently managing its financials. It is also committed to sustainability initiatives, such as reducing emissions and creating green energy solutions to reduce its environmental footprint. Millicom has recently announced a series of strategic initiatives that demonstrate the company’s commitment to making connectivity universal and providing an exceptional customer experience. These include plans to expand its network coverage, introduce new mobile services, and establish partnerships with leading technology companies. With these initiatives, Millicom aims to set a new standard for service quality and customer satisfaction across its markets.
Market Price
Stock opened at $17.9 and closed at $17.7, down by 2.2% from last closing price of 18.1. Despite the minor dip, MILLICOM INTERNATIONAL CELLULAR S.A is still actively engaged in various endeavors and developments, making it an intriguing company to follow. Investors can stay tuned for news about what is happening at MILLICOM INTERNATIONAL CELLULAR S.A to gain insight into the company’s future prospects. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for TIGO. More…
| Total Revenues | Net Income | Net Margin |
| 5.57k | 38 | 0.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for TIGO. More…
| Operations | Investing | Financing |
| 1.24k | -966 | -405 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for TIGO. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 14.46k | 10.86k | 21.21 |
Key Ratios Snapshot
Some of the financial key ratios for TIGO are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 9.6% | 35.8% | 13.7% |
| FCF Margin | ROE | ROA |
| 3.4% | 13.1% | 3.3% |
Analysis
Our Star Chart showed that the company had an intermediate health score of 6/10, considering its cashflows and debt, which suggested that it was likely to be able to pay off debt and fund future operations. Additionally, we classified MILLICOM INTERNATIONAL CELLULAR S.A as a ‘rhino’, a type of company we consider to have achieved moderate revenue or earnings growth. Given this evaluation, we believe that investors interested in companies with strong profitability, moderate asset values and dividend potential, and weaker growth may find MILLICOM INTERNATIONAL CELLULAR S.A especially attractive. While it may not be the most promising investment opportunity, its moderate rating across multiple categories indicates moderate risk and potential long-term returns. 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 telecommunications and media company operating in Latin American and African markets. The company is well-positioned to benefit from digital transformation opportunities, as its services are more affordable and attractive to emerging market consumers. Its key investments include mobile, pay-TV, broadband, and digital services, as well as a variety of digital infrastructure projects. Investing in MILLICOM is attractive in the long-term, as it has a strong balance sheet, ample liquidity, and high returns on capital.
The company is focusing on technological innovations to drive growth and profitability, while continuing to invest in operational excellence to maintain market share and improve efficiency. By focusing on customer experience, MILLICOM is well-placed to capitalize on digital transformation and create value for shareholders.
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