Millicom International Cellular SA Says During First Two Months Of Q2 Of 2023, Co Experienced Slower Service Revenue Growth Compared To Q1; Now Targets Cumulative Equity Free Cash Flow Of At Least $500M For 2022-2024 Period
Portfolio Pulse from Happy Mohamed
Millicom International Cellular SA has reported slower service revenue growth in the first two months of Q2 2023 compared to Q1. The company now targets a cumulative equity free cash flow of at least $500M for the 2022-2024 period.
June 28, 2023 | 3:15 pm
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NEUTRAL IMPACT
Millicom's slower service revenue growth in Q2 2023 may negatively impact investor sentiment. However, the target of $500M equity free cash flow for 2022-2024 could be seen as a positive signal.
The slower revenue growth reported by Millicom for Q2 2023 could lead to a negative sentiment among investors, potentially affecting the stock price of TIGO. However, the company's target of $500M equity free cash flow for the 2022-2024 period could be seen as a positive signal, potentially offsetting any negative impact.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100