Headquartered in Luxembourg, Millicom International Cellular S.A. (TIGO) provides cable and mobile services in Latin America and Africa. The company offers mobile services, including mobile data and voice; short message service; and mobile financial services, such as payments, money transfers, international remittances, savings, real-time loans, and micro-insurance. The stock has gained 17.1% over the past month to close its last trading session at $15.55.
The company achieved service revenue growth in every country and business unit in the second quarter of fiscal 2022. It expects to achieve full-year 2022 organic OCF growth of around 10% and cumulative EFCF of between $800 million and $1 billion over the next three years.
