TIGO raises equity free cash flow guidance to $1.1 billion and declares $1.50 interim dividend after strong Q2 results.
Millicom International Cellular reported record Q2 service revenue of $2 billion, up 5.4% organically year over year, driven by pricing actions and prepaid-to-postpaid migrations. Adjusted EBITDA reached $1 billion, while equity free cash flow surged over 50% to $327 million.
The company raised its 2026 equity free cash flow guidance to approximately $1.1 billion from at least $900 million previously. It also approved an additional interim dividend of $1.50 per share and expects year-end leverage below 2.5x.
Growth was supported by 11% organic service-revenue expansion in Colombia and recent acquisitions. Millicom plans increased investment in Colombia, including full 5G coverage and 1,000 additional sites.