Millicom's Quiet Comeback
Source: SeekingAlpha
2025-06-19 07:05:15 ET
Investment Thesis
Over the past decade, Millicom International Cellular S.A. ( TIGO ) has transformed from a geographically scattered operator into a focused Latin American telecom company. This transformation is already bearing fruit. From 2022 to 2024, operating profit grew at a 24.8% CAGR despite modest revenue growth, while return on capital improved significantly. It now ranks among the top performers in its peer group regarding profitability and earnings momentum....
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Millicom's Quiet Comeback
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