Report
Soomit Datta
EUR 9289.00 For Business Accounts Only

New Street: TIGO (Buy, TP: $48, +75%) Millicom Q4s: Buy back looks set to ramp, Context coming on Monday

Ahead of Monday's Investor Day, Millicom released FY numbers this morning which were generally solid; higher corporate costs a slight worry, but broader guidance OK and including a pick up in homes passed within the existing capex envelope.
Underlyings
Millicom International Cellular SA Swedish Depository Receipt

Millicom International Cellular is a global telecommunications group with mobile telephony operations in emerging markets. Co also operates various combinations of fixed telephony, cable and broadband businesses in five countries in Central America. Co. operates its mobile businesses in El Salvador, Guatemala, Honduras, Bolivia, Colombia, Paraguay, Chad, the Democratic Republic of Congo, Ghana, Mauritius, Rwanda, Senegal, Tanzania and Laos. Co. also provides broadband and cable television services in Costa Rica, Honduras and El Salvador; fixed telephony in El Salvador and Honduras, and corporate data services in the above countries and in Guatemala and Nicaragua.

Provider
New Street Research
New Street Research

Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.

New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:

  • Pan European Telecom Services and Cable
  • US Telecoms, Cable, Satellite and Towers
  • Global Emerging Market Telecoms
  • Japan Telecoms
  • Asian Internet
  • Pan European Healthcare
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We provide debt research on:

  • Pan European Telecom Services and Cable


Analysts
Soomit Datta

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