Millicom Completes Nasdaq Stockholm Delisting
Millicom International Cellular S.A. (“Millicom”) has officially finalized the process of delisting its Swedish Depositary Receipts (SDRs) from Nasdaq Stockholm, aligning with recent updates provided to stakeholders. The last trading day for the SDRs occurred shortly before the delisting became effective.
Understanding the Delisting Process
The completion of this delisting represents a significant transition for Millicom as the company continues to adapt to changes in market conditions and business strategy. This decision follows extensive discussions and planning to ensure a smooth transition for all shareholders.
Impact on Shareholders and Next Steps
As of the recent announcement, the custodian bank for the SDRs, SEB, has indicated that there are approximately 5,110,103 common shares held by SDR holders who have not yet taken the necessary actions to withdraw their shares. To comply with the terms and conditions relating to the SDRs, SEB will soon initiate the sale of these common shares on behalf of the owners.
Communication with Stakeholders
Millicom has committed to maintaining clear communication with all stakeholders throughout this process. The company has previously issued multiple press releases and updates regarding the delisting details, underlining its commitment to transparency.
Next Steps for SDR Holders
For those SDR holders who have not completed the withdrawal process, further instructions and options will be provided by SEB. It is essential for affected shareholders to stay informed and act promptly to secure their interests.
Resources for More Information
Millicom’s website will serve as a primary source for ongoing updates regarding the delisting process and additional corporate announcements. Interested parties can explore the dedicated “Nasdaq Stockholm Delisting” section available on Millicom's official webpage for comprehensive details.
About Millicom
Millicom (NASDAQ: TIGO) stands as a prominent provider of telecommunications services across Latin America. Through its brands TIGO® and Tigo Business®, the company delivers an array of digital services, encompassing telecommunications, entertainment, and financial solutions. With a commitment to innovation and customer satisfaction, Millicom has expanded its service offerings, reaching over 46 million customers as of the end of the previous year.
Company Statistics
As of late 2024, Millicom employed around 14,000 individuals and maintained a robust infrastructure with a fiber-cable network that covers more than 14 million homes. This extensive network enables Millicom to provide high-speed internet, quality voice services, and tailored business solutions, enhancing customer experiences throughout the region.
Frequently Asked Questions
What does the delisting from Nasdaq Stockholm mean for Millicom?
The delisting indicates Millicom’s transition away from trading SDRs on Nasdaq Stockholm, allowing the company to reorganize its share structure and improve operational efficiency.
What actions should SDR holders take?
Current SDR holders should check with SEB regarding the necessary steps to withdraw their shares before the planned sales commence.
How can I find more information about Millicom?
Interested parties can visit Millicom's official website for updates and further details about the company’s services and ongoing developments.
What type of services does Millicom offer?
Millicom provides a spectrum of services that includes mobile telecommunications, home internet, financial services through TIGO Money, and various entertainment options.
What is the future outlook for Millicom?
Millicom aims to strengthen its market presence in Latin America by enhancing its digital service offerings while continuing to innovate in technology and customer service.
