Millicom International Cellular S.A. (TIGO) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello everyone and welcome to our second quarter 2025 results call. This event is being recorded. Our speakers today will be our CEO Marcelo Benitez and myself, Bart van Haren, CFO of the company. The slides for today's presentation are available on our website, along with the earnings release and our financial statements. Now please turn to slide two for the safe harbor disclosure. We will be making forward looking statements, which involve risks and uncertainties and which could have a material impact on our results. On slide three, we define the non IFRS metrics that we will reference throughout this presentation. And you can find reconciliation tables at the back of our earnings release and on our website. With those disclaimers out of the way, let me turn the call over to our CEO Marcelo Benitez. Thanks Bart. Good morning everyone. And thank you for joining us today. The second quarter of 2025 was a defining moment in our journey. One where strong operational execution met with strategic acceleration. We're firing on all cylinders across commercial, financial and strategic fronts, and we're doing it with discipline, focus and results. Most importantly, we are right on track to deliver our commitment of $750 million in equity free cashflow for the year. This was a quarter of strategic acceleration. We executed three major milestones in just a few weeks. Acquisition of Telefonica's Uruguay operations, definitive agreement for Telefonica Ecuador, and the partial closing of our infrastructure transaction with SBA. We are locked over $500 million in proceeds, declaring a special dividend of $2.5 per share. A clear sign of our confidence and capital discipline. To mark this pivotal momentum, we rang the NASDAQ opening bell in June, together with the TIGO top managemen...