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Stock impact report

Millicom Gains Control Of Tigo Colombia Raising Questions On Valuation Gap [Yahoo! Finance]

Millicom International Cellular S.A. (TIGO) 
Last millicom international cellular s.a. earnings: 5/1 04:01 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Millicom International Cellular (NasdaqGS:TIGO) has acquired Empresas Públicas de Medellín's remaining shares in UNE. The transaction gives Millicom nearly full ownership of Tigo Colombia. This consolidation is expected to simplify governance and integration of its Colombian operations. For you as an investor, the key point is that NasdaqGS:TIGO now has tighter control over one of its core country operations. Millicom runs telecom and cable services across Latin America, and Colombia is a central market in that footprint. Industry wide, operators have been focusing on simplifying structures and integrating fixed and mobile services to compete more effectively. With nearly 100% ownership of Tigo Colombia, Millicom can apply a single playbook on capital allocation, network investment, and product strategy in the country. The clearer governance setup may also make it easier for stakeholders to assess performance of the Colombian unit and how it fits into Millicom's broader Latin Show less Read more
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