Arnal Maria Teresa sold $21K of TIGO

Tigo, owned by Millicom, has completed its acquisition of Telefonica's operations in Ecuador, replacing Movistar and Tuenti. The transition involves rebranding and a $460 million investment plan over four years to modernize the network. Tigo Ecuador has over five million customers and plans to expand 4G LTE technology across 2,000 sites, incorporating 700MHz spectrum. This acquisition is part of Millicom's strategy to strengthen its presence in Latin America.

Millicom (TIGO) reported Q2 2026 revenue up 59.4% YoY to $2.18B, with EBITDA crossing $1B for the first time. However, net profit dropped 83.9% to $109M. The company raised its full-year equity free cash flow guidance to ~$1.1B and declared additional dividends. Organic revenue growth was only 4.3%, and capital spending increased significantly. Hedge fund ownership decreased, while short interest remained low.

JPMorgan downgraded Millicom International Cellular to 'Neutral' from 'Overweight' and raised its price target to $105 from $100. The stock has seen a 5-day change of -7.50% and a year-to-date change of +56.76%.

Millicom International Cellular S.A. (NASDAQ:TIGO) reported Q2 2026 service revenue of $2.0B (+60.1% reported, +5.4% organic) and adjusted EBITDA of $1.0B (+58% reported, +9.1% organic), with 46.3% margin. Equity free cash flow was $327M, record, and full-year 2026 eFCF guidance was raised to about $1.1B. Leverage target is below 2.5x by year-end 2026.

Millicom (Tigo, NASDAQ: TIGO) reported Q2 2026 revenue of $2.18 billion, beating expectations, and EPS of $0.65 versus a $0.94 consensus estimate. The company posted record equity-free cash flow of $327 million and raised 2026 EFCF guidance to about $1.1 billion. It declared a $3.00 dividend and an additional $1.50 interim dividend.

Millicom International Cellular (TIGO) shares fell about 7% after Q2 results. The company reported service revenue around $2.0b, adjusted EBITDA about $1.0b (record) and equity free cash flow of $327m. However, net income and EPS fell year over year, and margins compressed, raising durability concerns despite growth in postpaid and Colombia performance.