Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Millicom International Cellular SA ( (TIGO) ) has shared an announcement.
On October 30, 2025, Millicom International Cellular S.A. announced the completion of its $380 million acquisition of Telefónica’s operations in Ecuador. This strategic move enhances Millicom’s presence in South America, following its recent acquisition in Uruguay, and positions the company to capitalize on Ecuador’s stable, dollarized economy and growing demand for digital services. The acquisition is expected to strengthen Millicom’s leadership in digital connectivity across Latin America, supporting its mission to drive economic and social progress through expanded digital access.
The most recent analyst rating on (TIGO) stock is a Buy with a $55.00 price target. To see the full list of analyst forecasts on Millicom International Cellular SA stock, see the TIGO Stock Forecast page.
Spark’s Take on TIGO Stock
According to Spark, TipRanks’ AI Analyst, TIGO is a Outperform.
Millicom’s stock is supported by strong technical indicators and attractive valuation, with a positive earnings call highlighting strategic growth. However, financial performance is hindered by revenue growth challenges and high leverage, which slightly dampen the overall score.
To see Spark’s full report on TIGO stock, click here.
More about Millicom International Cellular SA
Millicom International Cellular S.A., operating under the TIGO and Tigo Business brands, is a leading telecommunications provider in Latin America. The company offers a variety of digital services, including mobile financial services, entertainment, pay TV, high-speed data, and business solutions. Headquartered in Luxembourg with principal offices in Doral, Florida, Millicom serves over 46 million customers across its digital infrastructure.
Average Trading Volume: 991,811
Technical Sentiment Signal: Buy
Current Market Cap: $7.81B
See more data about TIGO stock on TipRanks’ Stock Analysis page.