Millicom (Tigo) share repurchase activity
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Millicom (Tigo) has repurchased 164,260 of its Swedish Depository Receipts (SDRs) as part of its share repurchase program announced in November 2024.
January 06, 2025 | 2:45 pm
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Millicom has executed a share repurchase of 164,260 SDRs, which is part of its ongoing buyback program. This action can potentially increase the value of remaining shares by reducing supply.
Share repurchase programs typically reduce the number of shares available in the market, which can lead to an increase in share price due to reduced supply. This is a positive signal to investors as it indicates the company's confidence in its own value.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100