{ "schemaVersion": 1, "organisationId": "O-db2fb05d3cfc4412a293a6edf276dd09", "slug": "millicom-international-cellular-sa", "name": "MILLICOM INTERNATIONAL CELLULAR SA", "updatedAt": "2026-10-02T12:24:30.488882Z", "sections": [ { "type": "OVERVIEW", "text": "Millicom International Cellular S.A. is a telecommunications and digital-services company operating primarily in Latin America under the Tigo and Tigo Business brands. Its services include mobile and fixed connectivity, voice and data, cable and satellite television, mobile financial services, and business solutions. [P148148029] The company says its mission is to connect people, businesses and communities across Latin America through digital infrastructure. [P148147513]\n\nMillicom describes operations in 11 Latin American countries, with mobile services across markets including Bolivia, Colombia, Ecuador, El Salvador, Guatemala, Honduras, Nicaragua, Panama, Paraguay and Uruguay, and fixed and cable operations also in Costa Rica. [P148148029][P148149209] As scale indicators, it reported approximately 15,000 employees at December 31, 2025, including its Honduras joint venture, and Q2 2026 revenue of $2.179 billion. [https://www.tmcnet.com/usubmit/2026/03/24/10353960.htm][https://www.nasdaq.com/press-release/millicom-tigo-q2-2026-earnings-release-2026-08-06]\n[P148148029][P148147513][P148149209][https://www.tmcnet.com/usubmit/2026/03/24/10353960.htm][https://www.nasdaq.com/press-release/millicom-tigo-q2-2026-earnings-release-2026-08-06]", "updatedAt": "2026-10-02T12:24:30.488882Z" }, { "type": "PRODUCTS", "text": "Millicom offers consumer and business services under the Tigo and Tigo Business brands, including mobile voice, data and SMS; fixed broadband and voice; cable and DTH satellite pay-TV; mobile financial services; and business value-added services. [P148148029]\n\nMobile services include prepaid bundles combining data allowances with voice minutes and SMS for set periods, and postpaid monthly plans with capped usage. Networks include 2G, 3G and 4G, with 5G available in Guatemala, Colombia, El Salvador, Uruguay and Ecuador at year-end 2025. [P148148049][P148148050] Fixed broadband is delivered over HFC and fiber-to-the-home (FTTH) networks; pay-TV uses cable/HFC, FTTH and DTH delivery. The company reported more than 200,000 km of deployed fiber, including its Honduras joint venture. [P148148062][P148148073]\n\nTigo Money provides app-based payments, transfers, international remittances, savings, real-time loans and micro-insurance; users can send and receive money without a bank account. It served 2.8 million Tigo and non-Tigo customers at December 31, 2025. [P148148052] Tigo Business also offers cloud-based and ICT managed services, alongside solutions involving hypercloud, virtualization and IoT. [P148148062] The reported information does not provide product-level revenue shares or percentage contributions.\n[P148148029][P148148049][P148148050][P148148062][P148148073][P148148052]", "updatedAt": "2026-10-02T12:24:30.488882Z" }, { "type": "GEOGRAPHY", "text": "Millicom’s operating footprint is in Latin America. In FY2025, it provided mobile and fixed services in Bolivia, Colombia, Ecuador, El Salvador, Guatemala, Honduras, Nicaragua, Panama, Paraguay and Uruguay, and fixed services in Costa Rica. Its Tigo Money operations also spanned Paraguay, Guatemala, El Salvador, Bolivia and Honduras. [P148148029] [P148148033] [https://www.millicom.com/our-business/our-markets/]\n\nFY2025 revenue was $5.819 billion. By reportable segment, Guatemala contributed 26% of revenue, Colombia 22%, Panama, Honduras and Paraguay each 9–11%, Bolivia 6%, and “Other” 16%; the latter included El Salvador, Nicaragua, Costa Rica, Uruguay and Ecuador. [P148148035] [P148148037] [P148148038] [P148148023] Millicom reported approximately 15,000 employees, including its Honduras joint venture, without a country-level breakdown. Its registered office is in Luxembourg, and its official company information lists a U.S. office in Doral, Florida. [P148148263] [P148148333] [https://www.millicom.com/media-center/features/millicom-at-a-glance]\n[P148148029][P148148033][P148148035][P148148037][P148148038][P148148023][P148148263][P148148333][https://www.millicom.com/our-business/our-markets/][https://www.millicom.com/media-center/features/millicom-at-a-glance]", "updatedAt": "2026-10-02T12:24:30.488882Z" }, { "type": "SEGMENTS", "text": "Millicom reports its operating and reportable segments primarily by country, rather than as separate product lines. The FY2025 segments were Guatemala, Colombia, Panama, Honduras, Paraguay, Bolivia and Other; Other includes El Salvador, Nicaragua, Costa Rica, Uruguay and Ecuador. Across these markets, the company offers mobile voice and data, fixed broadband, cable and satellite pay-TV, mobile financial services, fixed voice, and business and other value-added services. [P148147537][P148148035][P148148029]\n\nBased on FY2025 reported segment revenue before eliminations of $6.467 billion, approximate contributions were Guatemala 25.8% ($1.671bn), Colombia 22.4% ($1.450bn), Other 16.5% ($1.066bn), Panama 11.2% ($725m), Honduras 9.6% ($621m), Paraguay 8.9% ($578m), and Bolivia 5.5% ($356m). These shares use total segment revenue as the denominator; eliminations reduced revenue to consolidated Group revenue of $5.819bn. Honduras is presented at 100% in the segment figures despite being an equity-method joint venture. [T16973001][P148148265]\n[P148147537][P148148035][P148148029][T16973001][T16973001][T16973001][T16973001][T16973001][T16973001][T16973001][P148148265]", "updatedAt": "2026-10-02T12:24:30.488882Z" }, { "type": "HISTORY", "text": "Millicom International Cellular traces its origins to Kinnevik and Millicom Incorporated, which combined cellular properties on December 14, 1990. The company was formally incorporated in Luxembourg in 1992, and in 1994 established Celcaribe, an early mobile operation in Colombia. [https://www.millicom.com/30years][https://www.millicom.com/media/1484/millicom_annual_report_2010.pdf][P148148690]\n\nMillicom introduced the Tigo brand in 2004. It broadened its Colombian business beyond mobile services through the 2014 merger of Tigo and UNE/EPM, and expanded into Panama’s cable and broadband markets by acquiring a controlling stake in Cable Onda in 2018. [https://www.millicom.com/media/3794/1-millicom-code-of-conduct-may-2019-pdf-edition-2.pdf][https://www.millicom.com/media/1310/millicomearningsreleaseq32014frontoct21final.pdf][https://www.millicom.com/media/3440/millicom-y-cable-onda-pr-final.pdf]\n\nDuring the mid-to-late 2010s, Millicom sold or exited several African operations while increasingly concentrating on Latin America. Its shares began trading on Nasdaq in 2019, in addition to its Stockholm listing. [https://www.millicom.com/media/1764/q1-2016-earnings-release-w-unaudited-interim-condensed-consolidated-financial-statements_final.pdf][https://www.millicom.com/media/3170/q4-2017-earnings-release.pdf][https://www.millicom.com/30years]\n\nMillicom acquired the remaining 45% of its Guatemala joint venture in 2021, giving it full ownership. In 2025 it completed acquisitions of Telefónica’s Uruguay and Ecuador operations, and a jointly controlled vehicle completed the acquisition of Telefónica Móviles Chile in February 2026. [https://www.millicom.com/media/4849/millicom-earnings-release-q4-2021_final.pdf][https://www.nasdaq.com/press-release/millicom-tigo-completes-acquisition-telefonica-uruguay-strengthening-its-regional][https://ww2-cdn.tigocloud.net/Millicom_Tigo_completa_la_adquisicion_de_Telefonica_Ecuador_por_USD_380_millones_y_fortalece_su_presencia_en_Sudamerica_d3dff961f4.pdf][https://www.millicom.com/results/q4-2025-resultss]\n[P148148690][https://www.millicom.com/30years][https://www.millicom.com/media/1484/millicom_annual_report_2010.pdf][https://www.millicom.com/media/3794/1-millicom-code-of-conduct-may-2019-pdf-edition-2.pdf][https://www.millicom.com/media/1310/millicomearningsreleaseq32014frontoct21final.pdf][https://www.millicom.com/media/3440/millicom-y-cable-onda-pr-final.pdf][https://www.millicom.com/media/1764/q1-2016-earnings-release-w-unaudited-interim-condensed-consolidated-financial-statements_final.pdf][https://www.millicom.com/media/3170/q4-2017-earnings-release.pdf][https://www.millicom.com/media/4849/millicom-earnings-release-q4-2021_final.pdf][https://www.nasdaq.com/press-release/millicom-tigo-completes-acquisition-telefonica-uruguay-strengthening-its-regional][https://ww2-cdn.tigocloud.net/Millicom_Tigo_completa_la_adquisicion_de_Telefonica_Ecuador_por_USD_380_millones_y_fortalece_su_presencia_en_Sudamerica_d3dff961f4.pdf][https://www.millicom.com/results/q4-2025-resultss]", 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