Millicom International Cellular S.A. (MICCF)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Millicom International Cellular S.A. (MICCF) trades at $18.45 with AI Score 51/100 (Grade B). Millicom International Cellular S. A. provides cable and mobile services in Latin America and Africa. Market cap: $3.16B, Sector: Communication services.
Price live · AI analysis from Mar 18, 2026Analyst Coverage for MICCF: MICCF does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates MICCF against Communication Services peers across nine fundamental dimensions and assigns a mixed fundamental profile based on the underlying data.
MICCF: 3/6 perspectives are bullish. Dominant signal: Ray Dalio bullish.
How is this calculated? →Millicom International Cellular S.A. (MICCF) Media & Communications Profile
Millicom International Cellular S.A. delivers mobile and cable services across Latin America and Africa, operating under the Tigo brand. With a focus on mobile data, financial services, and broadband, Millicom serves millions of customers in emerging markets, positioning itself as a key player in regional telecommunications.
What Is the Investment Thesis for MICCF?
Millicom International Cellular S.A. presents a compelling investment case driven by its strong presence in the growing Latin American and African telecommunications markets. With a P/E ratio of 12.1 and a dividend yield of 5.75%, the company offers potential value and income. Key growth catalysts include increasing mobile data adoption and expansion of mobile financial services in its operating regions. The company's high gross margin of 72.3% indicates efficient operations. However, investors may want to evaluate risks associated with operating in emerging markets, including regulatory uncertainties and economic volatility. Continued investment in network infrastructure and strategic partnerships will be crucial for sustaining growth. The company's beta of 1.01 indicates market correlation.
Based on FMP financials and quantitative analysis
MICCF Key Highlights
- Market Cap of $3.16B indicates a substantial presence in the telecommunications market.
- P/E Ratio of 12.1 suggests the company may be undervalued compared to its earnings.
- Profit Margin of 22.6% demonstrates strong profitability and efficient operations.
- Gross Margin of 72.3% highlights the company's ability to maintain high revenue relative to the cost of goods sold.
- Dividend Yield of 5.75% offers an attractive income stream for investors.
Who Are MICCF's Competitors?
MICCF is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| CHRUF Chorus Limited | $5.66 | +0.00% | $2.46B | 42 |
| GTMEY Globe Telecom, Inc. | $29.32 | +26.82% | $4.24B | 51 |
| HKUOF Hakuhodo DY Holdings Inc | $8.37 | +19.23% | $3.01B | 56 |
| JSFCF Sistema Public Joint Stock Financial Corporation | $4.51 | +0.00% | $2.12B | 50 |
| PTTWF Orange Polska S.A. | $1.59 | -22.44% | $2.09B | 47 |
| GOGO Gogo Inc. | $3.83 | +7.28% | $517.96M | 71 |
| ATEX Anterix Inc. | $105.03 | -0.11% | $2.05B | 68 |
| TEO Telecom Argentina S.A. | $13.04 | +3.90% | $5.62B | 67 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are MICCF's Key Strengths?
- Strong market position in Latin America and Africa.
- Diverse service offerings including mobile, cable, and financial services.
- Established brand recognition under the Tigo brand.
- High gross margin of 72.3%.
What Are MICCF's Weaknesses?
- Exposure to emerging market risks including economic volatility and regulatory uncertainty.
- Dependence on network infrastructure investments.
- Competition from other telecommunications providers.
- Potential for currency fluctuations to impact financial results.
What Could Drive MICCF Stock Higher?
- Expansion of 4G and 5G network infrastructure to improve service quality and coverage.
- Increasing adoption of mobile financial services driving revenue growth.
- Potential strategic partnerships to expand service offerings.
- Continued investment in enterprise solutions to cater to business clients.
- Growth in mobile data consumption across Latin America and Africa.
What Are the Key Risks for MICCF?
- Economic volatility in Latin America and Africa impacting consumer spending.
- Regulatory changes affecting telecommunications operations.
- Intense competition from other telecommunications providers.
- Currency fluctuations impacting financial results.
- Technological advancements requiring continuous investment and adaptation.
What Are the Growth Opportunities for MICCF?
- Expansion of Mobile Financial Services: Millicom has a significant opportunity to expand its mobile financial services (MFS) offerings, including payments, money transfers, and micro-insurance. The increasing adoption of mobile banking and digital payments in Latin America and Africa presents a substantial market. By leveraging its existing mobile customer base of 44.9 million, Millicom can drive revenue growth through MFS, targeting a market size estimated at billions of dollars by 2028.
- Increasing Mobile Data Adoption: The demand for mobile data is rapidly growing in Millicom's operating regions, driven by increased smartphone penetration and the consumption of digital content. Millicom can capitalize on this trend by expanding its 4G and 5G network coverage and offering affordable data plans. This growth opportunity is expected to continue over the next 3-5 years, with the potential to significantly increase revenue and market share.
- Strategic Partnerships and Acquisitions: Millicom can pursue strategic partnerships and acquisitions to expand its service offerings and geographic reach. Collaborating with technology companies and content providers can enhance its value proposition and attract new customers. Targeted acquisitions in complementary sectors can also drive growth and create synergies. These initiatives can be implemented within the next 2-3 years, contributing to long-term sustainable growth.
- Focus on Enterprise Solutions: Millicom has the opportunity to expand its enterprise solutions offerings, including fixed, managed services, cloud and security solutions, and value-added services, to small, medium, and large businesses, as well as governmental entities. The increasing demand for digital transformation and cloud adoption in Latin America and Africa presents a significant market opportunity. By tailoring its solutions to meet the specific needs of businesses, Millicom can drive revenue growth and strengthen its competitive position. This is an ongoing opportunity with long-term potential.
- Investment in Network Infrastructure: Continued investment in network infrastructure is crucial for Millicom to maintain its competitive edge and meet the growing demand for data and connectivity. Upgrading its networks to 5G and expanding coverage in underserved areas will enhance the customer experience and attract new subscribers. This ongoing investment is essential for sustaining long-term growth and ensuring the reliability of its services.
What Opportunities Does MICCF Have?
- Expansion of mobile financial services.
- Increasing mobile data adoption.
- Strategic partnerships and acquisitions.
- Growth in enterprise solutions.
What Threats Does MICCF Face?
- Intense competition in the telecommunications industry.
- Technological advancements and disruptive innovations.
- Changes in regulatory policies.
- Economic downturns in operating regions.
What Are MICCF's Competitive Advantages?
- Established presence in Latin American and African markets.
- Extensive network infrastructure.
- Strong brand recognition under the Tigo brand.
- Diverse service offerings including mobile, cable, and financial services.
What Does MICCF Do?
Millicom International Cellular S.A., founded in 1990 and headquartered in Luxembourg, is a leading provider of cable and mobile services in Latin America and Africa. Operating primarily under the Tigo and Tigo Business brands, Millicom offers a comprehensive suite of telecommunications solutions. Its mobile services include mobile data and voice, short message service (SMS), and mobile financial services, encompassing payments, money transfers, international remittances, savings, real-time loans, and micro-insurance. The company also provides cable and other fixed services, such as broadband, content, fixed voice, and pay-TV, catering to residential consumers. Additionally, Millicom delivers fixed, managed services, cloud and security solutions, and value-added services to small, medium, and large businesses, as well as governmental entities. As of December 31, 2021, Millicom served 44.9 million mobile customers and 12.7 million cable homes, establishing a significant presence in its operating regions. Millicom's strategic focus on emerging markets and its diverse service offerings have contributed to its growth and competitive positioning within the telecommunications sector.
What Products and Services Does MICCF Offer?
- Provides mobile data and voice services.
- Offers short message service (SMS).
- Delivers mobile financial services including payments and money transfers.
- Provides broadband services to residential consumers.
- Offers pay-TV services.
- Delivers fixed, managed services, cloud and security solutions to businesses.
How Does MICCF Make Money?
- Generates revenue from mobile service subscriptions.
- Earns revenue from cable and broadband subscriptions.
- Receives fees from mobile financial services transactions.
- Provides enterprise solutions to businesses and governmental entities.
What Industry Does MICCF Operate In?
Millicom International Cellular S.A. operates in the telecommunications services industry, which is characterized by rapid technological advancements and increasing demand for data and connectivity. The industry is experiencing growth in emerging markets, driven by rising mobile penetration and the adoption of digital services. Millicom competes with other telecommunications providers, including CHRUF, GTMEY, HKUOF, JSFCF, and PTTWF, focusing on delivering mobile and cable services in Latin America and Africa. The competitive landscape is intense, with companies vying for market share through network expansion, service innovation, and strategic partnerships.
Who Are MICCF's Key Customers?
- Residential consumers in Latin America and Africa.
- Small, medium, and large businesses.
- Governmental entities.
Company Profile
Millicom International Cellular S.A. operates in the Telecommunications Services industry within the Communication Services sector. It is headquartered in Luxembourg City, LU. The company is led by CEO Mauricio Ramos Borrero.
How Millicom International Cellular S.A. Is Valued
Millicom International Cellular S.A. carries a market capitalization of $3.16B, placing it in the mid-cap category. Relative to its peer group, MICCF's quantitative score of 51/100 is roughly in line with the peer average of 49/100.
ROE 36%Key Financial Metrics
Return on equity for Millicom International Cellular S.A. stands at 36.1%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 5.9%, showing how much profit it generates from its asset base. MICCF trades at a trailing price-to-earnings ratio of 12.12, below the Communication Services sector average of ~18x. Its free cash flow yield is 9.2%, a gauge of the cash the business throws off relative to its market value. A current ratio of 0.61 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is 8.1%, the inverse of the P/E and a quick read on earnings relative to price.
MICCF Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis
Bull Case vs Bear Case
Bull Case
- Recent insider buying suggests confidence in the company's future growth potential.
- Community sentiment has shifted positively, with discussions highlighting Millicom's expansion in Latin America.
- The company's focus on improving digital services resonates well with market trends towards connectivity and technology.
- Strategic partnerships formed recently are perceived as enhancing Millicom's competitive edge in the telecommunications sector.
Bear Case
- Concerns about regulatory challenges in key markets could hinder operational flexibility.
- Recent community discussions reflect skepticism about the sustainability of growth given rising competition in the telecom space.
- Market perception is wary of potential economic downturns impacting consumer spending on telecom services.
- Analysts note that Millicom's debt levels are a concern, raising questions about financial stability during uncertain times.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
MICCF Latest News
No recent news available for MICCF.
MICCF Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for MICCF.
Price Targets
Wall Street price target analysis for MICCF.
MICCF MoonshotScore
What does this score mean?
The MoonshotScore rates MICCF's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Leadership: Mauricio Ramos Borrero
CEO
Mauricio Ramos Borrero serves as the CEO of Millicom International Cellular S.A. He has extensive experience in the telecommunications industry, having previously held leadership positions at Liberty Global and various other companies. His background includes a strong focus on strategy, operations, and financial management. Ramos has a proven track record of driving growth and improving operational efficiency in the telecommunications sector. He is responsible for managing Millicom's operations across Latin America and Africa, overseeing a workforce of 19,300 employees.
Track Record: Under Mauricio Ramos' leadership, Millicom has focused on expanding its mobile and cable services in Latin America and Africa. Key achievements include increasing mobile data adoption, growing the mobile financial services business, and investing in network infrastructure. He has also overseen strategic acquisitions and partnerships to strengthen Millicom's competitive position. His tenure has been marked by a focus on driving sustainable growth and creating value for shareholders.
MICCF OTC Market Information
The OTC Other tier represents the lowest tier of the OTC market, indicating that Millicom International Cellular S.A. may not meet the minimum financial standards or reporting requirements of higher tiers like OTCQX or OTCQB. Companies in this tier may have limited information available to investors, and trading activity can be sporadic. This tier is often associated with higher risks due to the lack of stringent regulatory oversight and disclosure requirements compared to exchanges like the NYSE or NASDAQ.
- OTC Tier: OTC Other
- Disclosure Status: Unknown
- Limited Disclosure: OTC companies may have less stringent disclosure requirements, making it harder to assess their financial health.
- Liquidity Risk: Lower trading volumes can lead to difficulty in buying or selling shares without significantly impacting the price.
- Price Volatility: OTC stocks can be more susceptible to price swings due to lower trading volumes and market participation.
- Regulatory Oversight: Reduced regulatory oversight compared to listed exchanges increases the risk of fraud or mismanagement.
- Information Asymmetry: Limited information availability can create an uneven playing field for investors.
- Verify the company's registration and legal status.
- Review available financial statements and disclosures.
- Assess the company's business model and competitive landscape.
- Evaluate the management team and their track record.
- Monitor trading volume and bid-ask spread.
- Understand the risks associated with investing in OTC stocks.
- Consult with a financial advisor.
- Established Business Operations: Millicom has been operating since 1990, indicating a long-standing presence in the telecommunications industry.
- Significant Customer Base: The company serves millions of mobile and cable customers in Latin America and Africa.
- Recognizable Brand: Millicom operates under the Tigo brand, which has strong recognition in its operating regions.
- Financial Performance: The company's financial metrics, such as revenue, profit margin, and dividend yield, provide insights into its financial health.
- CEO Leadership: Mauricio Ramos Borrero's leadership and experience in the telecommunications industry contribute to the company's legitimacy.
MICCF Communication Services Stock FAQ
What does Millicom International Cellular S.A. do?
Millicom International Cellular S.A. provides mobile and cable services in Latin America and Africa, operating under the Tigo brand. The company offers mobile services, including data, voice, and SMS, as well as mobile financial services like payments and money transfers. Additionally, Millicom provides cable services such as broadband, content, and pay-TV to residential customers. It also offers fixed, managed services, cloud solutions, and value-added services to businesses and governmental entities, focusing on emerging markets.
What are the main risks for MICCF?
The main risks for Millicom International Cellular S.A. include economic volatility in Latin America and Africa, which can impact consumer spending and demand for services. Regulatory changes in the telecommunications sector also pose a risk. Intense competition from other providers could pressure margins and market share. Currency fluctuations can affect financial results, and technological advancements require continuous investment to remain competitive. These factors should be carefully considered by investors.
What are the key factors to evaluate for MICCF?
Millicom International Cellular S.A. (MICCF) holds an AI score of 51/100 (moderate). P/E: 12.1x vs the S&P 500's ~20-25x. Not financial advice.
How frequently does MICCF data refresh on this page?
MICCF prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven MICCF's recent stock price performance?
Millicom International Cellular S.A. (MICCF) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Strong market position in Latin America and Africa. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider MICCF overvalued or undervalued right now?
Millicom International Cellular S.A. (MICCF) trades at 12.1x earnings. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
What research should beginners do before buying MICCF?
Before investing in Millicom International Cellular S.A. (MICCF), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) what Wall Street analysts recommend and their price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Why might investors consider adding MICCF to a portfolio?
Key strength of Millicom International Cellular S.A. (MICCF): Strong market position in Latin America and Africa. Weigh rewards against risks and diversify. Not financial advice.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Financial data is based on information available as of December 31, 2021.
- AI analysis is pending and may provide further insights.