Millicom Reports Partial Closing of $600M Central America Infrastructure Deal

Millicom International Cellular S.A. has completed a partial closing of its infrastructure sale to SBA Communications Corporation, generating approximately $600 million, with the full transaction expected to reach around $975 million by Q3 2025. This deal involves the sale of LATI International S.A., which holds Millicom’s mobile passive infrastructure assets in Central America. In conjunction with this milestone, Millicom plans to distribute a special interim cash dividend of $2.50 per share, representing about 45% of the net proceeds, paid in two installments scheduled for October 2025 and April 2026. This special dividend is in addition to the company’s previously announced annual dividend of $3.00 per share, highlighting Millicom’s commitment to shareholder returns. The transaction reflects Millicom's strategic focus on monetizing infrastructure assets to enhance financial flexibility while maintaining a disciplined capital structure with a leverage target range of 2.0-2.5x. Although the partial closing has been achieved, the final completion of the transaction remains subject to market conditions and is expected in the third quarter of 2025.