From Yahoo Finance: 2025-06-14 09:05:00

Millicom International (TIGO) has partially closed a transaction with SBA Communications Corporation, selling its mobile passive infrastructure assets in Central America for approximately $600 million. The remaining $975 million transaction is expected to close in Q3 2025. The company plans to distribute a special interim cash dividend of $2.50 per share.

This strategic move highlights Millicom’s commitment to monetizing infrastructure assets, strengthening financial flexibility, and generating sustainable shareholder returns. The special dividend of $2.50 per share, on top of the annual dividend of $3.00 per share, reflects the company’s dedication to shareholder remuneration. The transaction underscores Millicom’s disciplined approach to maintaining its leverage target range of 2.0-2.5x.

Read more: Millicom reports partial closing of infrastructure deal with SBA Communications