Millicom International Cellular SA - Company Profile
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Millicom International Cellular SA (Millicom) is a provider of telecommunications services. The company offers broadband, mobile data, cable and satellite TV, digital services, money transfer, voice, and SMS services to business and government customers. It also provides mobile financial services, including international remittances, money transfers, real-time loans, savings, and micro-insurance services through its MFS App, Tigo Money. Millicom offers its services under the brands which include Tigo, Tigo Business, Tigo Sports, Mi Tigo, Tigo Shop, Tigo Money, Tigo OneTv, Zantel, Cable Onda, Millicom and The Digital Lifestyle brand names. The company has operations across Latin America and Africa. Millicom is headquartered in Luxembourg City, Luxembourg.
Headquarters
Luxembourg
Address
148-150, Boulevard De La Petrusse, Luxembourg, 2330
Website
www.millicom.com
Telephone
352 27759021
No of Employees
14,962
Industry
Technology and Communications
Ticker Symbol & Exchange
TIGO (NASD)
Revenue (2024)
$5.8B
0.3%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
420.2%
(2024 vs 2023)
Market Cap*
$15.7B
Net Profit Margin (2024)
XYZ
418.8%
(2024 vs 2023)
* As of and is in US$
Millicom International Cellular SA premium industry data and analytics
Products and Services
| Services | Brands |
|---|---|
| Prepaid Mobile Services | Tigo |
| Fixed-line Services | Tigo Business |
| Postpaid Services | Mi Tigo |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | Acquisitions/Mergers/Takeovers | In April, the company acquired the remaining 32.5% stake in Colombia Telecomunicaciones SA ESP from La Nacion. |
| 2026 | Acquisitions/Mergers/Takeovers | In January, the company acquired the remaining stake in UNE EPM Telecommunicaciones S.A. from Empresas Publicas de Medellin E.S.P. |
| 2025 | Acquisitions/Mergers/Takeovers | In October, the company acquired Telefonica Moviles del Uruguay S.A. (Movistar) from Telefonica for US$440 million. |
Competitor Comparison
| Key Parameters | Millicom International Cellular SA | America Movil SAB de CV | Vodafone Group Plc | Bharti Airtel Ltd | Telefonica Deutschland Holding AG |
|---|---|---|---|---|---|
| Headquarters | Luxembourg | Mexico | United Kingdom | India | Germany |
| City | Luxembourg | Mexico, D.F. | Newbury | New Delhi | Munich |
| State/Province | - | - | Berkshire | Delhi | Mecklenburg-Vorpommern |
| No. of Employees | 14,962 | 178,468 | 87,205 | 28,673 | 7,799 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Marcelo Benitez | Chief Executive Officer | Senior Management | 2024 | - |
| Bart Vanhaeren | Chief Financial Officer | Senior Management | 2024 | - |
| Salvador Escalon | Chief Legal and Compliance Officer; Executive Vice President | Senior Management | 2020 | 51 |
| Guillaume Duhaze | Chief Technology and Information Officer | Senior Management | 2024 | - |
| Karim Lesina | Chief External Affairs Officer; Executive Vice President | Senior Management | 2020 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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