2 weeks ago
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MarketBeat
Fri, August 7, 2026 astatine 12:04 PM CDT 6 min read
Key Points
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Interested successful Millicom International Cellular SA? Here are 5 stocks we similar better.
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Record fiscal performance: Q2 work gross roseate 5.4% organically to $2 billion, portion adjusted EBITDA reached $1 cardinal and equity escaped currency travel accrued much than 50% to a grounds $327 million.
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Raised outlook and dividend: Millicom lifted 2026 equity escaped currency travel guidance to astir $1.1 cardinal from astatine slightest $900 cardinal previously, and expects year-end leverage beneath 2.5x. The committee besides approved an further interim dividend of $1.50 per share.
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Growth supported by acquisitions and halfway operations: Colombia delivered 11% integrated service-revenue maturation arsenic Coltel integration progressed, portion mobile, integer B2B services and prepaid-to-postpaid migrations supported radical performance. The institution is expanding concern successful Colombia, including plans for afloat 5G sum and 1,000 further sites.
Millicom International Cellular (NASDAQ:TIGO) reported second-quarter 2026 work gross of $2 billion, up 5.4% organically twelvemonth implicit twelvemonth and 60.1% connected a reported basis, arsenic its prepaid-to-postpaid migration strategy, pricing actions and caller acquisitions supported growth. Adjusted EBITDA reached a institution grounds of $1 billion, portion equity escaped currency travel roseate much than 50% from a twelvemonth earlier to a grounds $327 million.
Chief Executive Officer Marcelo Benítez said the results reflected continued execution connected lawsuit service, pricing, ratio and cash-flow priorities portion the institution integrates precocious acquired businesses. He said the company's acquisitions were already equity-free-cash-flow accretive wrong their archetypal year, including their associated financing costs.
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Based connected first-half results and visibility into the remainder of the year, Millicom raised its 2026 equity escaped currency travel guidance to astir $1.1 cardinal from a anterior people of astatine slightest $900 million. The institution besides present expects year-end leverage to autumn beneath 2.5 times, compared with leverage of 2.73 times astatine the extremity of the 2nd quarter.
The committee approved an further interim dividend of $1.50 per share, payable successful 2 installments of $0.75 per stock successful January and April 2027.
Mobile, Home and B2B Performance
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Mobile work gross accrued 6.9% organically twelvemonth implicit twelvemonth to $1.2 billion. Benítez said the company's "more for more" prepaid strategy is designed to connection customers much information and connectivity portion supporting sustainable mean gross per idiosyncratic growth. Millicom besides continued to migrate selected prepaid customers to postpaid plans, with astir two-thirds of caller postpaid income coming from those migrations.
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