Millicom International Cellular S.A. (MIICF) - OTCPK - Current
  • Fri, May 27, 11:00 AM
    • Orange (ORAN -1.3%) is said to be talking informally with Millicom International Cellular (OTCPK:MIICF +3.5%) in order to buy still more African operations.
    • Orange -- which has been pouring money into African expansion -- is interested in Senegal, Ghana and Chad, Bloomberg says, as well as East Africa after it sold out of its Kenyan operation.
    • Millicom had previously agreed to sell its assets in Democratic Republic of Congo to Orange for $160M. It's looking to get out of West and Central Africa and focus on its eastern holdings. “The market clearly wants an exit from Africa for Millicom,” analyst Stefan Gauffin says.
    | Fri, May 27, 11:00 AM
  • Nov. 25, 2015, 6:32 PM
    • VimpelCom (VIP +6.8%) is looking at stable debt even with ongoing dollar risks, Fitch says, giving the Russia-focused telecom a BB+ Issuer Default Rating with stable outlook.
    • While VimpelCom's debt is moderate and declining, 71% is in U.S. currency, which may increase costs for Amsterdam-based VimpelCom as the U.S. raises rates.
    • VimpelCom's interests in Italy's Wind are "highly leveraged but ring-fenced," the firm says.
    • Fitch expects VimpelCom to stay a strong mobile player in Russia despite competition from Mobile TeleSystems (NYSE:MBT), Millicom (OTCPK:MIICF) and Megafon (OTC:MFOYY): "Although its market share has been on a steady decline over the three years to 2014, a catch-up in capex should allow it to compete on a more level playing field with its larger peers."
    • Shares finished strong today after a report the company may be near a settlement with U.S. authorities related to an Uzbekistan corruption probe.
    • Previously: VimpelCom up 2.4% on report it's near $775M U.S. settlement (Nov. 25 2015)
    | Nov. 25, 2015, 6:32 PM
  • Oct. 8, 2015, 8:02 PM
    • Boom times for African mobile companies may be coming to an end with growth about to slow down sharply, says industry group GSMA. And that could encourage consolidation.
    • Subscriber growth of 13% from the past five years will become 6% in the next five, as Africa faces its own "rural challenge" despite relatively low penetration.
    • Low spending power in rural areas means expansion is even more difficult than in the U.S., though not even half the continent's population will have subscribed to a mobile service by 2020, the study says.
    • That could drive consolidation so players can achieve economies of scale required to take on that expense. Already dealing: Vodacom (OTC:VODAF) bought Neotel to force competition with Telkom (OTCPK:TLKGY +3.9%); Millicom (OTCPK:MIICF -0.7%) bought Tanzania's Zantel from the UAE's Etisalat. Other key players: Orange (ORAN +0.6%), making a major expansion in the region; MTN Group (OTCPK:MTNOY +1.2%), the continent's biggest wireless operator.
    • Previously: Orange shuffles Africa/Middle East leadership (Oct. 01 2015)
    | Oct. 8, 2015, 8:02 PM
Company Description
Millicom offers digital lifestyle products and services to emerging markets.
Sector: Technology
Industry: Telecom Services - Foreign
Country: Luxembourg