Author Topic: TIGO - Millicom  (Read 7809 times)

alwaysinvert

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Re: TIGO - Millicom
« Reply #30 on: December 02, 2019, 06:58:27 AM »
This news from last week is major for the sector: https://www.reuters.com/article/us-telefonica-meeting-plan/we-need-to-reinvent-spains-telefonica-eyes-2-2-billion-sales-boost-idUSKBN1Y129Q

Millicom most significantly overlaps with Telefónica in Colombia, where they are #2 and #3 respectively behind America Movíl (Claro). Colombia is right now a structurally less profitable market than Millicom's other markets and consolidation there would be a major positive, most especially in light of the huge cable rollout which Millicom has ongoing in the country. This would be pretty much the final puzzle piece in the merger story transformation which has been playing out in the last year.

Also note that Telefónica splits its new Hispam division in a North and South part, where the first in its entirety could be good fit for a mega merger with Millicom. Although, that would be heavily price dependent since it also contains some real turnaround dogs (Mexico, Peru, Venezuela). Here's a good graphic overview:     


alwaysinvert

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Re: TIGO - Millicom
« Reply #31 on: December 03, 2019, 09:20:55 AM »
The Stenbeck family office (controlling shareholder in Kinnevik) has bought an additional 350.000 shares in Millicom. If I'm adding it up correctly, this would make them a 3.3% holder in the stock across their vehicles once the distribution shares are merged in on Thursday.

https://www.di.se/live/stenbeck-okar-sitt-privata-agande-i-millicom-genom-storkop/

Even if it is not a major purchase this is still a bit surprising. They were likely a driving force for the Liberty transaction (which Kinnevik is said to have been positive towards) and have certainly greenlighted the plans of separating Millicom from Kinnevik.

jgyetzer

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Re: TIGO - Millicom
« Reply #32 on: December 10, 2019, 03:01:57 PM »
Has Kinnevik already executed the distribution of TIGO shares?

alwaysinvert

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Re: TIGO - Millicom
« Reply #33 on: December 10, 2019, 03:29:35 PM »
Has Kinnevik already executed the distribution of TIGO shares?

Yes.