Millicom (Tigo) Announces Partial Closing of Infrastructure Deal with SBA and Intention to Declare a Special Dividend of $2.50 per Share Representing Around 45% of the Proceeds
Millicom (Tigo) Announces Partial Closing of Infrastructure Deal with SBA and Intention to Declare a Special Dividend of $2.50 per Share Representing Around 45% of the Proceeds
Millicom (TIGO) has announced the partial closing of its infrastructure deal with SBA Communications, selling its mobile passive infrastructure assets in Central America through LATI International S.A. The transaction has generated $600 million in proceeds so far, with the total deal value expected to reach approximately $975 million when fully closed in Q3 2025. Following Q2 results, Millicom plans to distribute a special dividend of $2.50 per share, representing about 45% of net proceeds, to be paid in two equal installments of $1.25 on October 15, 2025, and April 15, 2026. This special dividend comes in addition to the previously announced annual dividend of $3.00 per share. The deal demonstrates Millicom's strategy to monetize infrastructure assets while maintaining its leverage target of 2.0-2.5x.
Millicom (TIGO) ha annunciato la chiusura parziale dell'accordo infrastrutturale con SBA Communications, vendendo i suoi asset di infrastruttura passiva mobile in America Centrale tramite LATI International S.A. L'operazione ha generato finora 600 milioni di dollari di ricavi, con un valore totale dell'accordo previsto intorno ai 975 milioni di dollari al completamento previsto per il terzo trimestre 2025. Dopo i risultati del secondo trimestre, Millicom prevede di distribuire un dividendo straordinario di 2,50 dollari per azione, pari a circa il 45% dei proventi netti, che sar脿 pagato in due rate uguali da 1,25 dollari il 15 ottobre 2025 e il 15 aprile 2026. Questo dividendo straordinario si aggiunge al dividendo annuale gi脿 annunciato di 3,00 dollari per azione. L'accordo riflette la strategia di Millicom di monetizzare gli asset infrastrutturali mantenendo il target di leva finanziaria tra 2,0 e 2,5 volte.
Millicom (TIGO) ha anunciado el cierre parcial de su acuerdo de infraestructura con SBA Communications, vendiendo sus activos de infraestructura pasiva m贸vil en Centroam茅rica a trav茅s de LATI International S.A. La transacci贸n ha generado hasta ahora 600 millones de d贸lares en ingresos, con un valor total del acuerdo que se espera alcance aproximadamente 975 millones de d贸lares al cierre completo en el tercer trimestre de 2025. Tras los resultados del segundo trimestre, Millicom planea distribuir un dividendo especial de 2,50 d贸lares por acci贸n, que representa alrededor del 45% de los ingresos netos, pagadero en dos cuotas iguales de 1,25 d贸lares el 15 de octubre de 2025 y el 15 de abril de 2026. Este dividendo especial se suma al dividendo anual previamente anunciado de 3,00 d贸lares por acci贸n. El acuerdo demuestra la estrategia de Millicom de monetizar activos de infraestructura mientras mantiene su objetivo de apalancamiento entre 2,0 y 2,5 veces.
Millicom (TIGO) a annonc茅 la cl么ture partielle de son accord d'infrastructure avec SBA Communications, vendant ses actifs d'infrastructure passive mobile en Am茅rique centrale via LATI International S.A. La transaction a g茅n茅r茅 jusqu'脿 pr茅sent 600 millions de dollars de recettes, avec une valeur totale de l'accord attendue 脿 environ 975 millions de dollars lors de sa cl么ture compl猫te au troisi猫me trimestre 2025. Suite aux r茅sultats du deuxi猫me trimestre, Millicom pr茅voit de distribuer un dividende exceptionnel de 2,50 dollars par action, repr茅sentant environ 45 % des produits nets, qui sera vers茅 en deux versements 茅gaux de 1,25 dollar les 15 octobre 2025 et 15 avril 2026. Ce dividende exceptionnel s'ajoute au dividende annuel pr茅c茅demment annonc茅 de 3,00 dollars par action. Cet accord illustre la strat茅gie de Millicom visant 脿 mon茅tiser ses actifs d'infrastructure tout en maintenant son objectif d'endettement entre 2,0 et 2,5 fois.
Millicom (TIGO) hat den teilweisen Abschluss seines Infrastrukturgesch盲fts mit SBA Communications bekannt gegeben und verkauft seine passiven Mobilfunk-Infrastrukturwerte in Mittelamerika 眉ber LATI International S.A. Die Transaktion hat bisher Erl枚se von 600 Millionen US-Dollar erzielt, wobei der Gesamtwert des Gesch盲fts bei vollst盲ndigem Abschluss im dritten Quartal 2025 voraussichtlich etwa 975 Millionen US-Dollar erreichen wird. Nach den Ergebnissen des zweiten Quartals plant Millicom die Aussch眉ttung einer Sonderdividende von 2,50 US-Dollar je Aktie, was etwa 45 % der Nettoerl枚se entspricht. Diese wird in zwei gleichen Raten von jeweils 1,25 US-Dollar am 15. Oktober 2025 und am 15. April 2026 ausgezahlt. Diese Sonderdividende kommt zus盲tzlich zur bereits angek眉ndigten j盲hrlichen Dividende von 3,00 US-Dollar je Aktie. Das Gesch盲ft zeigt Millicoms Strategie, Infrastrukturverm枚gen zu monetarisieren und gleichzeitig das Ziel einer Verschuldungsquote von 2,0 bis 2,5 zu halten.
Positive
Partial closing generates significant immediate proceeds of $600 million
Total transaction value expected to reach $975 million upon full closing in Q3 2025
Special dividend of $2.50 per share announced, in addition to regular $3.00 annual dividend
Strategic monetization of infrastructure assets while maintaining target leverage ratios
Negative
Remaining portion of the deal is still pending closure
Special dividend payment is split into two installments over 6 months
Millicom (Tigo) Announces Partial Closing of Infrastructure Deal with SBA and Intention to Declare a Special Dividendof $2.50 per ShareRepresenting Around 45% of the Proceeds
Luxembourg, June 13, 2025 鈥� Millicom International Cellular S.A. (NASDAQ: TIGO) today announced the partial closing of its previously disclosed transaction with SBA Communications Corporation (NASDAQ: SBAC), through the sale of LATI International S.A., the Luxembourg-based holding company for Millicom鈥檚 mobile passive infrastructure assets in Central America. To date, completed closings have generated approximately $600 million in proceeds, with the remainder of the approximately $975 million transaction expected to close in Q3 2025.
In conjunction with this strategic milestone, Millicom鈥檚 Board of Directors intends, following the publication of Millicom鈥檚 Q2 results, to approve the distribution of a special interim cash dividend of $2.50 per share, representing approximately 45% of the net proceeds of the transaction. The dividend will be distributed in two equal installments of $1.25 per share, on or around October 15, 2025 and April 15, 2026.
This special dividend is incremental to Millicom鈥檚 previously announced annual dividend of $3.00 per share, further reflecting the Company鈥檚 ongoing commitment to shareholder remuneration.
This transaction highlights Millicom鈥檚 strategic commitment to monetizing infrastructure assets, strengthening financial flexibility, and generating sustainable shareholder returns鈥攚hile reaffirming its disciplined approach to capital structure by maintaining its leverage target range of 2.0-2.5x.
About Millicom Millicom (NASDAQ: TIGO) is a leading provider of fixed and mobile telecommunications services in Latin America. Through its TIGO庐 and Tigo Business庐 brands, the company provides a wide range of digital services and products, including 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. As of March 31, 2025, Millicom, including its Honduras Joint Venture, employed approximately 14,000 people and provided mobile and fiber-cable services through its digital highways to more than 46 million customers, with a fiber-cable footprint over 14 million homes passed. Founded in 1990, Millicom International Cellular S.A. is headquartered in Luxembourg with principal executive offices in Doral, Florida.
FAQ
What is the total value of Millicom's infrastructure deal with SBA Communications?
The total transaction value is approximately $975 million, with $600 million already received from partial closing.
How much is TIGO's special dividend and when will it be paid?
TIGO announced a special dividend of $2.50 per share, to be paid in two $1.25 installments on October 15, 2025, and April 15, 2026.
What percentage of the deal proceeds will be distributed to shareholders?
Approximately 45% of the net proceeds will be distributed to shareholders through the special dividend.
What is Millicom's total dividend payment for 2025 including both regular and special dividends?
The total dividend payment will be $5.50 per share, combining the $3.00 regular annual dividend and $2.50 special dividend.
What assets did Millicom sell to SBA Communications?
Millicom sold LATI International S.A., the Luxembourg-based holding company for its mobile passive infrastructure assets in Central America.
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