News Summary:
Fitch Ratings stated on September 28, 2026, that it expects no impact on Millicom International Cellular S.A.'s 'BB+' Long-Term Foreign- and Local-Currency Issuer Default Ratings with a Stable Outlook, following Atlas Investissement's announced intention to raise its stake in the company to 50.5%. Earlier, on September 17, Millicom reported its second-quarter 2026 results, initially released on August 6, revealing an 84% profit plunge despite a 59.4% year-over-year revenue jump to $2.18 billion. The company also achieved a record Adjusted EBITDA of $1.01 billion, representing a 58% increase. Previously on September 17, Millicom's data centers in Latin America received global recognitions, including a Tier III Certification of Constructed Facility from Uptime Institute and an Energy Efficient recognition from the CEEDA Program. This followed the company's investment of over $68 million in improving regional data infrastructure. Additionally, on September 17, Millicom established a global anti-money laundering (AML) and counter-terrorist financing (CTF) policy, applicable across all employees, products, and services, outlining corporate governance, training, customer identification, due diligence standards, and recordkeeping requirements.
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