French tycoon Niel hikes stake in Millicom to 19.6% (updated)
14/02/2023 21:12
(Adds details)
PARIS, Feb 14 (Reuters) - French billionaire Xavier Niel
has boosted his stake in Luxembourg-based telecoms firm Millicom
International Cellular S.A. TIGO.O MICC.F to 19.6%, his
investment vehicle Atlas Investissement said in a statement on
Tuesday.
Last November, Atlas Investissement told Luxembourg's
markets regulator that it owned about 7% of Millicom's shares.
Millicom provides fixed and mobile telecommunications
services in Latin America, through its TIGO brand.
At end 2022, the group, listed in the United States with
a market capitalization of $3.54 billion, said it employed about
20,000 people.
Millicom's full-year 2022 sales totalled $5.62 billion,
up 3.3% from a year earlier on an underlying basis, with an
operating profit of $915 million, it said last week.
(Reporting by Mathieu Rosemain; Editing by Leslie Adler and
Marguerita Choy)
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Messaging: mathieu.rosemain.thomsonreuters.com@reuters.net;
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