Brief: Millicom (Tigo) Raises Target And Launches Share Repurchase Program

Millicom International Cellular

14/12/2023 22:33

Dec 14 (Reuters) - Millicom International Cellular SA
 MICC.F :
    * MILLICOM (TIGO) RAISES TARGET AND LAUNCHES SHARE
REPURCHASE
PROGRAM
    * MILLICOM- RAISING ITS TARGET OF CUMULATIVE EQUITY FREE
CASH FLOW
FOR 2022-2024 PERIOD TO "AROUND $600 MILLION"
    * MILLICOM- CONTINUES TO EXPECT THAT 2024 SHOULD BE
STRONGEST OF
THREE YEARS IN TERMS OF EFCF GENERATION
    * MILLICOM- DECIDED TODAY TO INITIATE A REPURCHASE PROGRAM
OF UP
TO 2,000,000 SWEDISH DEPOSITORY RECEIPTS REPRESENTING COMPANY'S
ORDINARY SHARES
    * MILLICOM- SEES 2023 TO BE IMPACTED BY HIGHER THAN USUAL
SPECTRUM
PAYMENTS AND APPROXIMATELY $90 MILLION OF SEVERANCE CHARGES,
AMONG OTHER ONE-OFFS

Source text for Eikon:  ID:nGNX7mv4cz 
Further company coverage:  MICC.F 

 ((Reuters.Briefs@thomsonreuters.com;))