Millicom International Cellular SA SEDR

TIGO SDB: XSTO (SWE)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	SEK 691.00	Trrnzk	Slmxyvlmd

Millicom Earnings: Disappointing Results in Colombia and Guatemala, Patience Required

Michael Hodel

Apr 28, 2023

Millicom delivered disappointing first-quarter results, particularly in Colombia and Guatemala. Consolidated profitability and cash flow took a hit during the quarter, which management ascribed to costs associated with its restructuring efforts, higher stock-based compensation, investments in growth initiatives, and legal expenses tied to a potential buyout of the firm. Millicom declined to provide an update on buyout discussions but indicated they are ongoing.

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