# Millicom (Tigo)

> Millicom, operating under its Tigo brand, is a Luxembourg-headquartered telecommunications and digital services group that connects more than 46 million customers across nine Latin American markets with mobile, fiber-cable broadband, pay TV, and Tigo Money mobile financial services. Listed on Nasdaq under the ticker TIGO, the company describes its purpose as building the digital highways that connect people, improve lives, and develop communities.

- **Founded:** 1990
- **Headquarters:** Luxembourg City, Luxembourg
- **Founders:** Jan Stenbeck (Co-founder (via Kinnevik / Comvik)), Shelby Bryan (Co-founder (Millicom Inc.))
- **Team size:** ~14,000 employees (including Honduras joint venture, 2025)
- **Products:** Tigo Mobile, Tigo Home / Fiber-Cable, Tigo Money, Tigo Business, Tigo ONEtv
- **Notable:** Record FY2025 results: $5.8B revenue, $1.3B net profit, $916M Equity Free Cash Flow, Serves more than 46 million customers across nine Latin American markets, Fiber-cable footprint exceeding 14 million homes passed

## Products & services

- **Tigo Mobile** — Mobile voice, SMS and high-speed data services including 4G LTE and expanding 5G across nine Latin American markets.
- **Tigo Home / Fiber-Cable** — Fixed broadband, fiber-to-the-home and cable services with a footprint of more than 14 million homes passed.
- **Tigo Money** — Mobile financial services platform offering payments, money transfers, international remittances, savings, real-time loans and micro-insurance for largely unbanked populations.
- **Tigo Business** — B2B connectivity and enterprise solutions including cloud, cybersecurity, SD-WAN and managed services.
- **Tigo ONEtv** — Pay TV and streaming entertainment service.
- **Tigo Sports** — Local sports and entertainment content channels.

## Achievements

- Record FY2025 results: $5.8B revenue, $1.3B net profit, $916M Equity Free Cash Flow
- Serves more than 46 million customers across nine Latin American markets
- Fiber-cable footprint exceeding 14 million homes passed
- Tigo Money active users grew 22% in 2024, advancing financial inclusion
- Listed on both Nasdaq (US) and Nasdaq Stockholm under ticker TIGO
- Expanded into Chile, Ecuador and Uruguay and consolidated Colombia in 2025

## Latest updates

- **2026-03** — Published 2025 Annual Report highlighting record financial results and an expanded regional footprint.
- **2025-08** — Reached strategic agreement with EPM to facilitate the ColTel merger process in Colombia.
- **2025-01** — Announced a $2.50 special dividend following the partial close of a ~$600M tower infrastructure sale.
- **2024-06** — Marcelo Benitez became CEO, succeeding Mauricio Ramos.

## Links

- Website: https://www.millicom.com
- LinkedIn: https://www.linkedin.com/company/millicom-international-cellular-tigo
- Twitter/X: https://twitter.com/millicom
- YouTube: https://www.youtube.com/user/Millicom
- Instagram: https://www.instagram.com/millicom/
- Facebook: https://facebook.com/millicom/

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Profile page: https://yespress.io/millicom-tigo
Published by YesPress — https://yespress.io
Last updated: 2026-06-02