Millicom International Cellular (MIC), which provides cable and mobile services in a number of Latin American markets, has confirmed that its common shares began trading on the NASDAQ stock market in the US yesterday (Wednesday 9 January) under ticker symbol ‘TIGO’. The new listing complements the company’s existing Swedish Depository Receipt (SDR) listing on NASDAQ Stockholm, where the ticker was changed from ‘MIC_SDB’ to ‘TIGO_SDB’, earlier that same day.
Millicom CEO Mauricio Ramos commented: ‘Listing our shares in the US is a logical next step in our journey to transform Millicom by accelerating our cable expansion and focusing on Latin America, a region where most of our peers are US-listed. Our primary goal is to make it easier for investors to buy and own our shares, and we hope that this will enhance our stock’s liquidity over time.’