Business Context and Reporting Period
This Form 6-K filing by Millicom International Cellular S.A. (Tigo) covers the month of January 2025, with the report dated January 21, 2025. Millicom is a leading provider of fixed and mobile telecommunications services in Latin America, operating under the TIGO and Tigo Business brands. As of September 30, 2024, the company served over 46 million customers with a fiber-cable footprint of approximately 14 million homes passed.
Key Financial Metrics
This filing does not contain standard financial performance metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on share repurchase activity.
| Transaction Type | Quantity | Average Price | Total Amount |
|---|---|---|---|
| Swedish Depository Receipts (SDRs) | 140,587 | SEK 266.96 - 271.91 | SEK 37,783,723 |
| Common Shares | 95,600 | USD 23.99 - 24.53 | USD 2,319,524 |
Following these repurchases, Millicom held 2,756,017 treasury shares as of January 17, 2025. The total number of shares outstanding is 172,096,305.
Material Changes
The filing details the execution of a share repurchase program announced on November 29, 2024. Between January 13, 2025, and January 17, 2025, the company reduced its outstanding share count through purchases on both Nasdaq Stockholm and the Nasdaq Stock Market. No other material changes to operations or financial position are reported in this document.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future performance, or specific risk factors. It confirms that repurchases were executed in compliance with Article 5 of MAR and the Commission Delegated Regulation No 2016/1052 ("Safe Harbour Regulation").
Key Facts for Investor Verification
- Verify the total cost of the repurchase program against the company's available liquidity and cash flow statements in the most recent 20-F filing.
- Confirm the impact of the 236,187 total securities repurchased on earnings per share (EPS) and return on equity (ROE).
- Review the remaining authorization under the November 29, 2024, share repurchase program to assess future buyback capacity.
- Check the current market price of SDRs and common shares to evaluate the valuation at which the company is buying back stock.