Millicom (Tigo) acquires Telefonica operations in Chile jointly with NJJ, structured to capture strategic value while protecting its balance sheet
Millicom International Cellular S.A. (TIGO)
Last millicom international cellular s.a. earnings: 5/1 04:01 pm
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Source: GlobeNewswire
Millicom (Tigo) acquires Telefonica operations in Chile jointly with NJJ, structured to capture strategic value while protecting its balance sheet Key Highlights: Joint acquisition through a 49%/51% partnership between Millicom International Cellular S.A. (“Millicom”) and NJJ. Transaction structured with an initial closing payment of $50 million and additional earn-out consideration up to $150 million based on structural value creation and not guaranteed by Millicom.Acquired business will not be consolidated in Millicom’s financial statements during jointownership, and financial obligations of the acquired company and the transaction are non-recourse to Millicom. Telefonica will be required to assure CLP 79 billion (approximately USD 92 million) at closing for balance sheet stability.Millicom will have the option to acquire NJJ’s stake in the business in Year 5 and 6 post-closing at a 10% discount to Millicom trading multiples, with NJJ having a later option to acquire Millicom’s
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TIGO
News
- Millicom International Cellular (NASDAQ:TIGO) was downgraded by analysts at Scotiabank from a "sector perform" rating to a "sector underperform" rating. They now have a $43.00 price target on the stock.MarketBeat
- Millicom International Cellular: Infrastructure Re-Rating Driven By Colombia Consolidation Edge [Seeking Alpha]Seeking Alpha
- Millicom (Tigo) Successfully Concludes Tender Offer for Telefónica’s Controlling Stake in Colombia Telecomunicaciones S.A. E.S.P. (Coltel)GlobeNewswire
- Millicom International Cellular: The Turnaround Is Over - The Cash Flow Rerating Begins [Seeking Alpha]Seeking Alpha
- Millicom Gains Control Of Tigo Colombia Raising Questions On Valuation Gap [Yahoo! Finance]Yahoo! Finance
TIGO
Earnings
- 11/6/25 - Beat
TIGO
Sec Filings
- 2/10/26 - Form 6-K
- 2/6/26 - Form 6-K
- 1/30/26 - Form 6-K
- TIGO's page on the SEC website