Millicom Q1 2026 Earnings and Acquisitions
Analysis based on 6 articles · First reported May 12, 2026 · Last updated May 12, 2026
The strong Q1 2026 results and strategic acquisitions by Millicom are expected to positively impact its stock price and market position in Latin America. The various financing activities and restructuring efforts by Millicom and its subsidiaries like Coltel and Paraguay demonstrate active balance sheet management, which could be viewed favorably by investors.
Millicom announced its Q1 2026 earnings, reporting a revenue of $2 billion and an operating profit of $416 million, with equity free cash flow up 66.5% year-on-year. The company's CEO, Marcelo Benítez, highlighted strategic progress, including strengthening its position in Colombia through the acquisition of EPM's 50% stake in Tigo UNE and Telefónica's majority stake in Coltel, followed by the remaining stake from La Nación de Colombia. Millicom also acquired Telefónica Chile and began implementing a new leadership team. Subsequent events included Millicom's $87.5 million private placement of Senior Notes, Coltel securing new bridge and working capital facilities, Paraguay redeeming its Senior Unsecured Notes, and Central African Republic agreeing to sell Tigo Sports' local content to Americas. Additionally, Tigo Colombia and Tigo Chile incurred severance costs due to voluntary retirement and restructuring plans.
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