Millicom International Cellular - M&A Summary and Business Overview

CommunicationsCompany

Millicom International Cellular M&A Summary

Millicom International Cellular has acquired 6 companies, including 1 in the last 5 years. A total of 2 acquisitions came from private equity firms. It has also divested 3 assets.

Millicom International Cellular’s largest acquisition to date was in 2019, when it acquired Telefónica SA - Telefonica CAM for $1.7B. It’s largest disclosed sale occurred in 2017, when it sold Millicom - Tigo Business to Groupe Wari for $129M. Millicom International Cellular has acquired in 5 countries. The Company’s most targeted sectors include communications (67%) and media (34%).

Millicom International Cellular Business Overview

Where is Millicom International Cellular headquartered?

Millicom International Cellular is headquartered in Luxembourg, Luxembourg.

What is Millicom International Cellular’s revenue?

Millicom International Cellular disclosed revenue of 5,661M USD for 2023 and 5,624M USD for 2022.

How many employees does Millicom International Cellular have?

Millicom International Cellular has 16,500 employees.

What sector is Millicom International Cellular in?

Millicom International Cellular is a communications company.

When was Millicom International Cellular founded?

Millicom International Cellular was founded in 1990.

M&A Summary

  • M&A Total Activity9
    • M&A Buy Activity6
    • M&A Sell Activity3
  • Total Sectors Invested 2
  • Total Countries Invested 5
  • M&A Buy/Sell Connections 5
  • M&A Advisors 2

Millicom International Cellular

Millicom International Cellular S.A.

2, Rue du Fort Bourbon,
Luxembourg, 1249
Luxembourg,
+352 2 7759 021
www.millicom.com

Millicom International Cellular is a telecom company. Millicom International Cellular was incorporated in 1990 and is based in Luxembourg City.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 6 - - - - - 6
vol $3.8B $3.8B
Sell (0.0/yr) # 3 - - - - - 3
vol $129M $129M
  9

Most Recent M&A

Company Date Value Type
Millicom International Cellular SA - Chad Business 2019-03-14 - Divestiture
, Chad
Telefónica SA - Telefonica CAM 2019-02-20 1.7B USD Divestiture
Madrid, Spain
Cable Onda S.A. 2018-10-07 1.5B USD Add-on Acquisition
Panama City, Panama · www.cableonda.com
Millicom International Cellular SA - Rwanda Business 2017-12-19 - Divestiture
, Rwanda
Millicom - Tigo Business 2017-02-07 129M USD Divestiture
, Senegal
TV Cable Parana S.A. 2016-02-15 - Add-on Acquisition
Asunción, Paraguay · www.tvcableparana.com
Zanzibar Telecom Ltd. (dba Zantel) 2015-06-05 - Stake Purchase
Dar Es Salaam, Tanzania · www.zantel.com
Cablevisión Paraguay S.A. 2012-07-16 150M USD Divestiture
Asuncion, Paraguay · www.cablevision.com.py
Amnet Telecommunications Holding Ltd. 2008-10-01 510M USD Add-on Acquisition
El Salvador, Costa Rica
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Communications 4 (67%) 3.6B (96%) 2 (67%) -
Media 2 (33%) 150M (4%) - -
Internet Software and Services - - 1 (33%) 129M (100%)
Total 6 $3.8B 3 $129M

By Geo

State/Country Buy Value Sell Value
Paraguay 2 150M - -
Chad - - 1 -
Costa Rica 1 510M - -
Panama 1 1.5B - -
Rwanda - - 1 -
Senegal - - 1 129M
Spain 1 1.7B - -
Tanzania 1 - - -
Domestic - - - -
Cross-border 6 (100%) 3.8B (100%) 3 (100%) 129M (100%)
Total 6 $3.8B 3 $129M

Top M&A Advisors

Financial Deals
Goldman Sachs
 2
Morgan Stanley
 1

Deal Values

buy # Total
> $1B 2 $3.1B
$100M to $1B 2 $660M
TOTAL $3.8B
Largest Telefónica SA - Telefonica CAM
$1.7B (2019-02-20)
sell # Total
$100M to $1B 1 $129M
TOTAL $129M
Largest Millicom - Tigo Business
$129M (2017-02-07)

M&A Connections

Deals
Acquired from
Investor(s)
33%
2 (33%)
Strategic(s)
33%
2 (33%)
Divested to
Strategic(s)
100%
3 (100%)

Company Summary

SECTOR

Communications

Revenue

5,661   1% 2023
5,624   32% 2022
4,261   12% 2021
3,805   13% 2020
4,336   7% 2019
4,075   2% 2018
4,133   6% 2017
4,374   36% 2016
6,730   2015
(millions of USD) Show More Show Less

Employees

16,500

Established

1990

Public

NASDAQ: TIGO

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