Millicom Expects 2024 Equity Free Cash Flow Of Above $600M
Portfolio Pulse from Benzinga Newsdesk
Millicom targets equity-free cash flow above $600 million in 2024, excluding proceeds from the previously-announced tower sale in Colombia. The company also aims to reduce leverage to near 2.5x by year-end 2024.
August 02, 2024 | 10:02 am
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Millicom (TIGO) expects equity-free cash flow above $600 million in 2024 and aims to reduce leverage to near 2.5x by year-end 2024. These targets exclude proceeds from the previously-announced tower sale in Colombia.
The announcement of strong financial targets, including significant equity-free cash flow and reduced leverage, is likely to positively impact investor sentiment and the stock price of Millicom (TIGO) in the short term.
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