Millicom International Cellular S.A. Files Q3 2024 Financials

TL;DR

MILLICOM dropped Q3 2024 earnings & financials. Check the numbers.

AI Summary

Millicom International Cellular S.A. filed a Form 6-K on November 7, 2024, reporting its unaudited interim condensed consolidated financial statements for the three and nine-month periods ended September 30, 2024, along with its Q3 2024 earnings release. The company is a foreign private issuer based in Luxembourg.

Why It Matters

This filing provides investors with the latest financial performance data for Millicom, crucial for understanding the company's operational health and future prospects in the telecommunications sector.

Risk Assessment

Risk Level: low — This is a routine financial filing by a publicly traded company, not indicating any unusual or immediate risks.

Key Players & Entities

• MILLICOM INTERNATIONAL CELLULAR S.A. (company) — Registrant
• September 30, 2024 (date) — Reporting period end date
• November 7, 2024 (date) — Filing date

FAQ

Key Financial Figures

• $529 million — olders, of which at September 30, 2024, $529 million (2023: $489 million) are not distributa
• $489 million — September 30, 2024, $529 million (2023: $489 million) are not distributable to equity holder
• $32 million — 1,717,276 shares for a total amount of $32 million and withheld approximately 465,973 shar
• $48 million — e depreciation expense by approximately $48 million compared to what the depreciation charg
• $1 b — ment by Millicom would be approximately $1 billion, and the transaction would be sub
• $77 m — The total sale consideration amounts to $77 million, out of which $26 million will be
• $26 million — on amounts to $77 million, out of which $26 million will be received in subsequent years. U
• $38 m — e sold, generating net cash proceeds of $38 million, net of transaction costs and a $
• $13 million — million, net of transaction costs and a $13 million receivable , for Tigo Colombia. The com
• $13 m — e sold, generating net cash proceeds of $13 million, net of transaction costs and a $
• $4 million — million, net of transaction costs and a $4 million receivable, for Tigo Colombia. The comp
• $16 million — ions and a financing component totaling $16 million related to the towers sold and leased b

Filing Documents

• dp220495_6k.htm (6-K) — 735KB
• image_001.jpg (GRAPHIC) — 5KB
• image_003.jpg (GRAPHIC) — 5KB
• image_004.jpg (GRAPHIC) — 7KB
• 0000950103-24-016083.txt ( ) — 760KB

financial statements

financial statements 1. GENERAL INFORMATION Millicom International Cellular S.A. (the “Company” or “MIC SA”), a Luxembourg Société Anonyme, and its subsidiaries, joint ventures and associates (the “Group” or “Millicom”) is a provider of cable and mobile services dedicated to emerging markets in Latin America. Millicom provides high speed broadband and innovation around The Digital Lifestyle® services through its principal brand, TIGO. On November 6, 2024, the Board of Directors authorized these unaudited interim condensed consolidated financial statements for issuance. 2. SUMMARY OF ACCOUNTING POLICIES I. Basis of presentation These interim condensed consolidated financial Standard (“IAS”) 34 ‘Interim Financial Reporting’ as issued by the International Accounting Standards Board ("IASB") and as adopted by the European Union ("EU"). In the opinion of management, these unaudited interim condensed consolidated financial are not affected by significant seasonal or cyclical patterns. These unaudited interim condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements for the period ended December 31, 2023, which have been prepared in accordance with International Financial Reporting Standards ("IFRS") as issued by the IASB and in conformity with IFRS as adopted by the EU. These financial statements are prepared in accordance with consolidation and accounting policies consistent with the December 31, 2023 consolidated financial statements, except for the changes described in items III below. We hav

View Full Filing

View this 6-K filing on SEC EDGAR