Millicom Successfully Acquires Remaining Stake in UNE
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3d ago
0mins
Source: Yahoo Finance
- Acquisition Success: Millicom successfully bid for EPM's remaining shares in UNE at COP 418,741 per share, totaling approximately COP 2.1 trillion (about USD 571 million), marking nearly 100% ownership in UNE.
- Closing Timeline: The transaction is expected to close on January 29, 2026, in accordance with auction rules, further simplifying Millicom's ownership structure in Colombia.
- Operational Integration: This acquisition will enable Millicom to streamline its operations in Colombia and accelerate its strategic integration plans, enhancing its competitive position in the market.
- Market Impact: The acquisition not only strengthens Millicom's position in the Latin American telecommunications market but also expands its range of digital services and products, likely driving further growth in the region.
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Analyst Views on TIGO
Wall Street analysts forecast TIGO stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for TIGO is 54.90 USD with a low forecast of 46.80 USD and a high forecast of 63.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
1 Buy
1 Hold
0 Sell
Moderate Buy
Current: 62.220
Low
46.80
Averages
54.90
High
63.00
Current: 62.220
Low
46.80
Averages
54.90
High
63.00
About TIGO
Millicom International Cellular SA is a Luxembourg-based international digital telecommunications and media company. The Company provides a wide range of fixed line and mobile communications services, cable and satellite television, mobile financial services and local content, such as music and sports, to both private and business customers. It offers digital services and products through the business brands TIGO which includes TIGO Money for mobile financial services, TIGO Sports for local entertainment, TIGO ONEtv for pay TV, high-speed data, voice, and business-to-business solutions such as cloud and security. The segments include Latin America, which focuses on mobile and cable services; and Africa, which covers mobile services with a focus on business-to-business customers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Millicom Successfully Acquires Remaining Stake in UNE
- Acquisition Success: Millicom successfully bid for EPM's remaining shares in UNE at COP 418,741 per share, totaling approximately COP 2.1 trillion (about USD 571 million), marking nearly 100% ownership in UNE.
- Closing Timeline: The transaction is expected to close on January 29, 2026, in accordance with auction rules, further simplifying Millicom's ownership structure in Colombia.
- Operational Integration: This acquisition will enable Millicom to streamline its operations in Colombia and accelerate its strategic integration plans, enhancing its competitive position in the market.
- Market Impact: The acquisition not only strengthens Millicom's position in the Latin American telecommunications market but also expands its range of digital services and products, likely driving further growth in the region.
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Millicom International Cellular SA (TIGO) Shows Strong Momentum: Is It a Good Investment?
Momentum Investing Overview: Momentum investing involves buying stocks that are trending upwards, with the expectation that they will continue to rise. The Zacks Momentum Style Score helps identify stocks with strong momentum characteristics.
Millicom International Cellular SA (TIGO): TIGO currently holds a Momentum Style Score of B and a Zacks Rank of #1 (Strong Buy), indicating strong potential for performance based on recent price trends and earnings estimate revisions.
Performance Metrics: TIGO's shares have increased 4.67% over the past quarter and 113.11% over the last year, significantly outperforming the S&P 500, which has seen much lower gains in the same periods.
Earnings Estimates and Trading Volume: Recent upward revisions in earnings estimates for TIGO, along with a solid average trading volume of 756,143 shares, suggest a bullish outlook for the stock, making it a strong candidate for investors seeking momentum picks.
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