Millicom (TIGO) Advances its Share Repurchase Program

Luxembourg-based Millicom International Cellular SA, which operates under the brand Tigo and is known for providing mobile and cable services in Latin America and Africa, is making headlines with its latest financial move. Pursuing the share repurchase program they declared on December 15, 2023, Millicom has successfully repurchased a significant number of Swedish Depository Receipts (SDRs). Specifically, the company repurchased 170,724 SDRs during the period from December 19, 2023, to December 22, 2023.

An Overview of Millicom's Share Repurchases

This activity is a continuation of Millicom's strategic efforts to enhance shareholder value. The repurchase of shares during the aforementioned period is summarized in the statement. The company's shares are traded on the NASDAQ with the ticker TIGO.

Comparative Information on Citigroup Inc. C

In comparison, Citigroup Inc., an American multinational investment bank and financial services corporation, trades under the ticker C. Boasting a prominent position in the global finance sector, Citigroup has an extensive history, having been formed through the merger of Citicorp and Travelers Group in 1998. Headquartered in New York City, Citigroup is engaged in providing a wide array of financial services and is known for Citibank, one of its primary holdings.

Millicom, ShareRepurchase, TIGO