Brandes Investment Partners Reduces $148M in Millicom International Cellular S.A. ($TIGO)
Key Points
- Brandes Investment Partners changed its Millicom International Cellular S.A. ($TIGO) stake by 32.6% last quarter, cutting to 3,261,016 shares worth $305.79 million.
- $TIGO last traded around $93.77.
Brandes Investment Partners reduced its position in Millicom International Cellular S.A. ($TIGO) by 32.6% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,261,016 shares of Millicom International Cellular S.A. after selling 1,575,489 shares during the quarter. Brandes Investment Partners's holdings in Millicom International Cellular S.A. were worth $305.79 million as of its most recent filing.
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About Millicom International Cellular S.A.
Millicom International Cellular S.A. engages in the provision cable and mobile services in Latin America. The company offers mobile services, including mobile data and voice, and short message services; and mobile financial services, such as payments, money transfers, international remittances, savings, real-time loans, and micro-insurance. In addition, the company provides fixed services, including broadband, fixed voice, and pay-TV; and fixed-voice and data telecommunications services, managed services, cloud and security solutions, and value-added services; and tower infrastructure and services. The company serves small, medium, and large businesses, as well as residential consumers and governmental entities. It markets its products and services under the Tigo and Tigo Business brands. The company was founded in 1990 and is headquartered in Luxembourg, Luxembourg.
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