About Millicom | Tigo
Millicom | Tigo is a company based in London (United Kingdom) founded in 1990. It operates as a Subscription Services. The company has 14,190 employees as of December 31, 2024. Millicom | Tigo has completed 5 acquisitions, including Cable Onda, Cabledx and Movistar. Millicom | Tigo offers products and services including Mobile Services and Digital Lifestyle Solutions. Millicom | Tigo operates in a competitive market with competitors including MTN, Jio, Airtel, SK Telecom and Optus, among others.
- Headquarter London, United Kingdom
- Employees 14190 as on 31 Dec, 2024
- Stage Public
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Sectors
Telecommunications
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Millicom International Cellular S.A.
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Annual Revenue
$5.8 B2.53as on Dec 31, 2024
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Net Profit
$253 M408.54as on Dec 31, 2024
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EBITDA
$2.47 B16.96as on Dec 31, 2024
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Latest Funding Round
- Investors
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Employee Count
14190
as on Dec 31, 2024
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Investments & Acquisitions
Cable Onda
& 4 more
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IPO & Listings of Millicom | Tigo
Millicom | Tigo is a publicly listed company on the NASDAQ with ticker symbol TIGO in USA, operating in the Communications sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Millicom | Tigo
Millicom | Tigo offers a comprehensive portfolio of products and services, including Mobile Services and Digital Lifestyle Solutions. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Mobile connectivity and data services are provided to customers.
Digital tools and apps are offered for user engagement.
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Software Development Team
66 people
Leadership Team
27 people
Legal and Compliance
18 people
Data Analysis and Operations Team
16 people
Finance and Accounting
13 people
Product Management Team
10 people
Operations Team
8 people
Sales and Marketing
7 people
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Funding Insights of Millicom | Tigo
- Total Funding Total Funding
- Total Rounds 3
- Last Round Last Round
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First Round
First Round
(21 Nov 2018)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2023 | Amount | Post-IPO - Millicom | Tigo | Valuation |
investors |
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| Nov, 2022 | Amount | Post-IPO - Millicom | Tigo | Valuation |
investors |
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| Nov, 2018 | Amount | Debt – Conventional - Millicom | Tigo | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Millicom | Tigo
Millicom | Tigo has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Atlas Investissement. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Atlas Investissement is focused on telecom sector investments.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Millicom | Tigo
Millicom | Tigo has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include Cable Onda, Cabledx and Movistar. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Mobile telecommunication services are provided to Zanzibar customers by Zantel.
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1999 | ||||
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Mobile telecommunication and cable TV services are provided in Guatemala.
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1990 | ||||
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Fixed line and wireless telecom services are offered in Panama.
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1982 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Millicom Tigo
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Millicom | Tigo Comparisons
Competitors of Millicom | Tigo
Millicom | Tigo operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as MTN, Jio, Airtel, SK Telecom and Optus, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
MTN Group is recognized as a leading telecommunications provider in Africa.
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| domain | founded_year | HQ Location |
Provider of telecommunication services
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| domain | founded_year | HQ Location |
Airtel is recognized as a provider of telecommunications and internet services.
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| domain | founded_year | HQ Location |
Provider of integrated telecommunication services
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| domain | founded_year | HQ Location |
Mobile internet services are provided for homes and offices.
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| domain | founded_year | HQ Location |
Integrated telecom service provider
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Millicom | Tigo
Frequently Asked Questions about Millicom | Tigo
When was Millicom | Tigo founded?
Millicom | Tigo was founded in 1990 and raised its 1st funding round 28 years after it was founded.
Where is Millicom | Tigo located?
Millicom | Tigo is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
How many employees does Millicom | Tigo have?
As of Dec 31, 2024, the latest employee count at Millicom | Tigo is 14,190.
What is the annual revenue of Millicom | Tigo?
Annual revenue of Millicom | Tigo is $5.8B as on Dec 31, 2024.
What does Millicom | Tigo do?
Millicom Tigo is involved in delivering mobile telecommunications and digital lifestyle solutions across various markets. Operations are focused on wireless connectivity, data services, and innovative digital tools. The company serves multiple sectors, including individual consumers and businesses, primarily in Latin America and Africa. Solutions are designed to enhance user engagement and connectivity through technology-driven platforms.
Who are the top competitors of Millicom | Tigo?
What products or services does Millicom | Tigo offer?
Millicom | Tigo offers Mobile Services and Digital Lifestyle Solutions.
Is Millicom | Tigo publicly traded?
Yes, Millicom | Tigo is publicly traded on NASDAQ under the ticker symbol TIGO.
How many acquisitions has Millicom | Tigo made?
Millicom | Tigo has made 5 acquisitions, including Cable Onda, Cabledx, and Movistar.
Who are Millicom | Tigo's investors?
Millicom | Tigo has 1 investor. Key investors include Atlas Investissement.
What is Millicom | Tigo's ticker symbol?
The ticker symbol of Millicom | Tigo is TIGO on NASDAQ.
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