Millicom’s Share Repurchase Activity: A Detailed Look
Millicom, an international telecommunications and media company, recently announced the results of its share repurchase program, which took place between February 28, 2025, and March 07, 2025. Let’s delve deeper into the details of this activity.
Millicom’s Share Repurchase Program
In November 2024, Millicom announced its intention to repurchase up to $1 billion of its common shares and Swedish Depository Receipts (SDRs) on the Nasdaq Stockholm and the Nasdaq Stock Market. The program was designed to reduce the company’s share count and increase earnings per share.
Breakdown of the Share Repurchases
During the week-long repurchase program, Millicom bought back a total of 785,153 shares and 344,250 SDRs. The table below provides a breakdown of the number of shares and SDRs repurchased, the average price paid, and the repurchase amount for each trade.
| Trade Date | Number of SDRs repurchased | Average price paid (SEK) | Repurchase amount (SEK) | Number of shares repurchased | Average price paid (USD) | Repurchase amount (USD) |
|---|---|---|---|---|---|---|
| 2025-02-28 | 1 | 900 | 48,900 | 1 | 25.9010 | 2,802,488 |
| 2025-03-03 | 3 | 215 | 889,097 | 270,601 | 25.7368 | 2,296,820,332 |
| 2025-03-04 | 77,000 | 270.6014 | 20,836,308 | 108,000 | 25.9010 | 2,716,647,440 |
| 2025-03-05 | 81,000 | 267.4911 | 21,666,779 | 108,000 | 26.7296 | 2,524,443,784 |
| 2025-03-06 | 84,035 | 274.0172 | 23,027,035 | 108,000 | 27.9875 | 2,710,395,936 |
| 2025-03-07 | 99,000 | 288.0058 | 28,512,574 | 108,000 | 28.7114 | 3,016,815,120 |
| 2025-03-07 | 3,106,573 | 287.2588 | 910,329,254 | 1,080,000 | 28.6878 | 3,041,387,200 |
Execution of the Share Repurchases
All of Millicom’s share repurchases were executed on Nasdaq Stockholm and the Nasdaq Stock Market by Citigroup Global Markets Limited and Citigroup Global Markets Inc., respectively, acting on behalf of Millicom.
Impact on Millicom and the World
Millicom’s share repurchase activity is likely to have a positive impact on the company’s shareholders, as reduced share count will lead to higher earnings per share. This, in turn, may increase the company’s stock value.
From a broader perspective, this share repurchase activity indicates confidence in Millicom’s future growth prospects. Companies often repurchase their shares when they believe their stock is undervalued, which can be a bullish sign for the market.
Conclusion
Millicom’s recent share repurchase program, which saw the company buy back over 785,000 shares and 344,250 SDRs, is a clear indication of its confidence in its future growth prospects. The repurchases, which were executed on Nasdaq Stockholm and the Nasdaq Stock Market, are expected to result in higher earnings per share and potentially increase the company’s stock value. From a global perspective, this activity may be seen as a bullish sign for the telecommunications sector as a whole.
As a shareholder, this news is likely to be welcome, as the reduction in the number of outstanding shares may lead to increased earnings per share and potentially higher stock value. However, it’s essential to remember that the stock market is subject to various factors, and past performance is not always indicative of future results.
