What Investors Can Expect From Millicom's 2022 Virtual Investor Day

Millicom International Cellular SA TIGO holds its 2022 Virtual Investor Day today, February 14.
Millicom's CEO Mauricio Ramos and the executive team will discuss the company's three-year operational goals, financial targets, and strategic plans.
Millicom sees organic operating cash flow growth of ~10% annually on average over the next three years.
Millicom sees mid-single-digit annual organic service revenue growth and annual CapEx of ~$1.0 billion.
Millicom sees cumulative equity-free cash flow of $800 million - $1.0 billion over the next three years.
Millicom's near-term target is to reduce leverage to 2.5x by 2025. It looks to initiate buybacks from 2023.
Millicom aims to expand its fixed broadband network by a targeted three million additional home passings in the next three years.
Millicom aims to create a Tower Company to carve out its portfolio of owned towers. Millicom looks to carve out of TIGO Money.
Price Action: TIGO shares traded lower by 2.80% at $26.77 on the last check Monday.

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