Millicom

Millicom International Cellular SA (NASDAQ U.S.: TIGO, NASDAQ Stockholm: TIGO_SDB) is a Luxembourgish fixed line and mobile telecommunications services provider operating in Latin America operating under the Tigo brand. Its main shareholder is Xavier Niel, a French billionaire who owns 25.02% of the company. As of December 31, 2020, Millicom operating subsidiaries and joint ventures employed more than 21,000 people and provided mobile services to approximately 55 million customers, with a cable footprint of more than 12 million homes passed. Millicom International Cellular SA was established on December 14, 1990, by Shelby Bryan, Jan Stenbeck, Telma Sosa, and Olvin Galdamez, combining the cellular telephone properties owned by Industriförvaltnings AB Kinnevik and Millicom Incorporated. Millicom is headquartered in Luxembourg with a United States corporate office in Miami. Through the Tigo and Tigo Business brands, Millicom provides digital services, including high-speed data, broadband, mobile, cable TV, voice and SMS, Mobile Financial Services, and business communications. Millicom operates in nine Latin American markets, including Bolivia, Colombia, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Panama and Paraguay. After two years of planning, the company began operations when the founders completed a $131,000 share purchase in May 1982. The firm took over paging company Meta Systems in October 1982 and then raised$9 million in its first round of financing, managed by chief executive officer, Orhan Sadik-Khan and Kevin Kimberlin. Since 92% of the world population had no phone service at the time, Millicom promoted mobile technology on a global basis. To do this, Millicom created joint-ventures with local and strategic partners. On 13 December 1982, a joint-venture with Racal Electronics was awarded a cellular license for the United Kingdom. To enable Millicom to earn its 10% royalty from Racal-Millicom, a controlling shareholder, Stenbeck commissioned a startup with three employees, Technophone, to develop the world's first pocket-sized mobile phone.