Why These 15 Telecom Stocks Are Surging In 2025

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5. Millicom International Cellular SA (NASDAQ:TIGO)

Number of Hedge Fund Holders In Q4 2024: 17

Millicom International Cellular SA (NASDAQ:TIGO) is a telecom company that is based in Luxembourg, though it does business in Latin America under the TIGO and Tigo Business brands.

The stock is up significantly so far in 2025 as Millicom finalized the delisting of its Swedish Depositary Receipts (SDRs) from Nasdaq Stockholm. Around 5.1 million SDRs remained unconverted. This prompted SEB (the custodian bank) to initiate mandatory sales of the underlying shares.

This move simplified Millicom’s capital structure by consolidating trading on the U.S. Nasdaq Stock Market. Investors viewed it positively.

Millicom declared an interim dividend of $0.75 per share payable on April 15, 2025, with an ex-dividend date of April 8, 2025.

The consensus price target of $33.98 implies 14.8% upside.

TIGO stock is up 23.34% year-to-date.

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