Millicom International Cellular S.A.

NasdaqGS:TIGO Stock Report

Market Cap: US$3.4b

Millicom International Cellular Management

Management criteria checks 2/4

Millicom International Cellular's CEO is Mauricio Ramos Borrero, appointed in Apr 2015, has a tenure of 8.92 years. total yearly compensation is $10.51M, comprised of 11.7% salary and 88.3% bonuses, including company stock and options. directly owns 0.27% of the company’s shares, worth $9.11M. The average tenure of the management team and the board of directors is 8 years and 0.8 years respectively.

Key information

Mauricio Ramos Borrero

Chief executive officer

US$10.5m

Total compensation

CEO salary percentage11.7%
CEO tenure8.9yrs
CEO ownership0.3%
Management average tenure8yrs
Board average tenureless than a year

Recent management updates

Recent updates

After Leaping 26% Millicom International Cellular S.A. (NASDAQ:TIGO) Shares Are Not Flying Under The Radar

Mar 28
After Leaping 26% Millicom International Cellular S.A. (NASDAQ:TIGO) Shares Are Not Flying Under The Radar

Millicom International Cellular S.A. Just Missed Earnings With A Surprise Loss - Here Are Analysts Latest Forecasts

Mar 15
Millicom International Cellular S.A. Just Missed Earnings With A Surprise Loss - Here Are Analysts Latest Forecasts

At US$18.10, Is Millicom International Cellular S.A. (NASDAQ:TIGO) Worth Looking At Closely?

Feb 29
At US$18.10, Is Millicom International Cellular S.A. (NASDAQ:TIGO) Worth Looking At Closely?

With Millicom International Cellular S.A. (NASDAQ:TIGO) It Looks Like You'll Get What You Pay For

Jan 25
With Millicom International Cellular S.A. (NASDAQ:TIGO) It Looks Like You'll Get What You Pay For

Millicom International Cellular Setting Up For A Great 2024

Jan 19

Here's What To Make Of Millicom International Cellular's (NASDAQ:TIGO) Decelerating Rates Of Return

Dec 09
Here's What To Make Of Millicom International Cellular's (NASDAQ:TIGO) Decelerating Rates Of Return

Is Millicom International Cellular (NASDAQ:TIGO) A Risky Investment?

Nov 15
Is Millicom International Cellular (NASDAQ:TIGO) A Risky Investment?

Millicom International Cellular (NASDAQ:TIGO) Hasn't Managed To Accelerate Its Returns

Aug 21
Millicom International Cellular (NASDAQ:TIGO) Hasn't Managed To Accelerate Its Returns

Millicom International Cellular (NASDAQ:TIGO) Has A Somewhat Strained Balance Sheet

Jul 28
Millicom International Cellular (NASDAQ:TIGO) Has A Somewhat Strained Balance Sheet

Millicom International Cellular (NASDAQ:TIGO) Has Some Way To Go To Become A Multi-Bagger

May 22
Millicom International Cellular (NASDAQ:TIGO) Has Some Way To Go To Become A Multi-Bagger

Analyst Estimates: Here's What Brokers Think Of Millicom International Cellular S.A. (NASDAQ:TIGO) After Its First-Quarter Report

Apr 29
Analyst Estimates: Here's What Brokers Think Of Millicom International Cellular S.A. (NASDAQ:TIGO) After Its First-Quarter Report

Millicom International Cellular S.A.'s (NASDAQ:TIGO) Earnings Haven't Escaped The Attention Of Investors

Apr 18
Millicom International Cellular S.A.'s (NASDAQ:TIGO) Earnings Haven't Escaped The Attention Of Investors

Millicom International Cellular (NASDAQ:TIGO) Takes On Some Risk With Its Use Of Debt

Mar 31
Millicom International Cellular (NASDAQ:TIGO) Takes On Some Risk With Its Use Of Debt

Returns Are Gaining Momentum At Millicom International Cellular (NASDAQ:TIGO)

Feb 16
Returns Are Gaining Momentum At Millicom International Cellular (NASDAQ:TIGO)

Why Millicom International Cellular S.A. (NASDAQ:TIGO) Could Be Worth Watching

Jan 05
Why Millicom International Cellular S.A. (NASDAQ:TIGO) Could Be Worth Watching

Millicom International Cellular (NASDAQ:TIGO) Takes On Some Risk With Its Use Of Debt

Dec 15
Millicom International Cellular (NASDAQ:TIGO) Takes On Some Risk With Its Use Of Debt

Returns On Capital At Millicom International Cellular (NASDAQ:TIGO) Have Hit The Brakes

Sep 26
Returns On Capital At Millicom International Cellular (NASDAQ:TIGO) Have Hit The Brakes

Does Millicom International Cellular (NASDAQ:TIGO) Have A Healthy Balance Sheet?

Aug 29
Does Millicom International Cellular (NASDAQ:TIGO) Have A Healthy Balance Sheet?

Should You Think About Buying Millicom International Cellular S.A. (NASDAQ:TIGO) Now?

Aug 02
Should You Think About Buying Millicom International Cellular S.A. (NASDAQ:TIGO) Now?

Millicom International Cellular S.A. GAAP EPS of $1.14, revenue of $1.47B

Jul 28

Investors Met With Slowing Returns on Capital At Millicom International Cellular (NASDAQ:TIGO)

Jun 02
Investors Met With Slowing Returns on Capital At Millicom International Cellular (NASDAQ:TIGO)

Is Millicom International Cellular S.A. (NASDAQ:TIGO) Potentially Undervalued?

Apr 19
Is Millicom International Cellular S.A. (NASDAQ:TIGO) Potentially Undervalued?

Here's Why Millicom International Cellular (NASDAQ:TIGO) Is Weighed Down By Its Debt Load

Apr 01
Here's Why Millicom International Cellular (NASDAQ:TIGO) Is Weighed Down By Its Debt Load

Robust Earnings May Not Tell The Whole Story For Millicom International Cellular (NASDAQ:TIGO)

Feb 18
Robust Earnings May Not Tell The Whole Story For Millicom International Cellular (NASDAQ:TIGO)

The Returns At Millicom International Cellular (NASDAQ:TIGO) Aren't Growing

Feb 15
The Returns At Millicom International Cellular (NASDAQ:TIGO) Aren't Growing

Millicom International Cellular (NASDAQ:TIGO) Has No Shortage Of Debt

Oct 15
Millicom International Cellular (NASDAQ:TIGO) Has No Shortage Of Debt

Returns On Capital At Millicom International Cellular (NASDAQ:TIGO) Paint A Concerning Picture

Aug 23
Returns On Capital At Millicom International Cellular (NASDAQ:TIGO) Paint A Concerning Picture

Millicom International Cellular (NASDAQ:TIGO) Use Of Debt Could Be Considered Risky

Jul 01
Millicom International Cellular (NASDAQ:TIGO) Use Of Debt Could Be Considered Risky

Investors Could Be Concerned With Millicom International Cellular's (NASDAQ:TIGO) Returns On Capital

May 07
Investors Could Be Concerned With Millicom International Cellular's (NASDAQ:TIGO) Returns On Capital

Millicom International Cellular (NASDAQ:TIGO) Has No Shortage Of Debt

Mar 16
Millicom International Cellular (NASDAQ:TIGO) Has No Shortage Of Debt

Is Millicom International Cellular S.A. (NASDAQ:TIGO) Popular Amongst Institutions?

Feb 23
Is Millicom International Cellular S.A. (NASDAQ:TIGO) Popular Amongst Institutions?

Reflecting on Millicom International Cellular's (NASDAQ:TIGO) Share Price Returns Over The Last Three Years

Feb 02
Reflecting on Millicom International Cellular's (NASDAQ:TIGO) Share Price Returns Over The Last Three Years

CEO Compensation Analysis

How has Mauricio Ramos Borrero's remuneration changed compared to Millicom International Cellular's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2023US$11mUS$1m

-US$86m

Sep 30 2023n/an/a

US$34m

Jun 30 2023n/an/a

US$4m

Mar 31 2023n/an/a

US$39m

Dec 31 2022US$11mUS$1m

US$64m

Sep 30 2022n/an/a

US$666m

Jun 30 2022n/an/a

US$724m

Mar 31 2022n/an/a

US$618m

Dec 31 2021US$20mUS$1m

US$618m

Sep 30 2021n/an/a

-US$94m

Jun 30 2021n/an/a

-US$160m

Mar 31 2021n/an/a

-US$182m

Dec 31 2020US$10mUS$1m

-US$284m

Compensation vs Market: Mauricio's total compensation ($USD10.51M) is above average for companies of similar size in the US market ($USD6.35M).

Compensation vs Earnings: Mauricio's compensation has been consistent with company performance over the past year.


CEO

Mauricio Ramos Borrero (55 yo)

8.9yrs

Tenure

US$10,506,435

Compensation

Mr. Mauricio Ramos Borrero serves as Interim Executive Chairman of Millicom International Cellular S.A. since September 1, 2023. He serves as Chairman of the Board at Cable Onda, S.A. and its Director sinc...


Leadership Team

NamePositionTenureCompensationOwnership
Mauricio Ramos Borrero
CEO & Interim Executive Chairman8.9yrsUS$10.51m0.27%
$ 9.1m
Sheldon Bruha
Senior EVP & CFO1.9yrsUS$3.05mno data
Maxime Lombardini
President & COOless than a yearno datano data
Bart Vanhaeren
Vice President of Corporate Financeno datano datano data
Xavier Rocoplan
Chief Commercial & Technology Officer11.3yrsno data0.065%
$ 2.2m
Bruno Nieuwland
Chief Administrative Officerno datano datano data
Michel Morin
Vice President of Investor Relations7yrsno datano data
Salvador Escalon
Executive VP11yrsno data0.057%
$ 1.9m
Sofia Corral
Director of Corporate Communicationsno datano datano data
Karim Lesina
Executive VP & Chief External Affairs Officer3.3yrsno data0.019%
$ 640.2k
Justine Dimovic
VP of Finance & Group Treasurer9.9yrsno datano data
Patrick Gill
Company Secretaryno datano datano data

8.0yrs

Average Tenure

51yo

Average Age

Experienced Management: TIGO's management team is seasoned and experienced (8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Mauricio Ramos Borrero
CEO & Interim Executive Chairman3.8yrsUS$10.51m0.27%
$ 9.1m
Bruce Churchill
Independent Non-Executive Director2.8yrsUS$195.00k0.011%
$ 359.6k
Tomas Eliasson
Independent Non-Executive Director1.8yrsUS$205.00k0.0075%
$ 252.2k
Pernille Erenbjerg
Independent Non-Executive Deputy Chairman5.2yrsUS$260.00k0.024%
$ 819.8k
Thomas Reynaud
Non-Executive Directorless than a yearUS$172.50kno data
Michael Golan
Non-Executive Directorless than a yearno datano data
Maria Arnal
Independent Non-Executive Directorless than a yearUS$172.50kno data
Blanca de Vega
Independent Non-Executive Directorless than a yearUS$182.50kno data
Aude Durand
Independent Directorless than a yearno datano data

0.8yrs

Average Tenure

55yo

Average Age

Experienced Board: TIGO's board of directors are not considered experienced ( 0.8 years average tenure), which suggests a new board.


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