Insider Buying: Millicom International Cellular (LON:MICC) Insider Purchases 23,150 Shares of Stock

Key Points

  • Insider buying: Millicom International Cellular insider Peter ter Kulve purchased 23,150 shares on June 1 at an average price of GBX 1,374, for a total value of about £318,081.
  • Stock performance: MICC shares were down 1.2% and opened at GBX 1,184.50, well below the insider’s purchase price.
  • Company snapshot: Millicom International Cellular has a market value of about £7.25 billion, a P/E ratio of 24.68, and operates telecom and media services in emerging markets under the Tigo brand.

Millicom International Cellular S.A. (LON:MICC - Get Free Report) insider Peter ter Kulve acquired 23,150 shares of Millicom International Cellular stock in a transaction that occurred on Monday, June 1st. The stock was bought at an average cost of GBX 1,374 per share, with a total value of £318,081.

Millicom International Cellular Stock Down 1.2%

MICC stock opened at GBX 1,184.50 on Tuesday. The firm has a market capitalization of £7.25 billion and a P/E ratio of 24.68. The business has a 50-day moving average of GBX 1,095.49. Millicom International Cellular S.A. has a fifty-two week low of GBX 955.64 and a fifty-two week high of GBX 1,433.50.

Millicom International Cellular SA, commonly known by its Tigo brand in many markets, is a telecommunications and media company headquartered in Luxembourg. The company focuses on providing connectivity and digital services to consumers and businesses in emerging markets, with an emphasis on mobile communications, fixed broadband and cable television.

Millicom's principal commercial offerings include mobile voice and data services, fixed broadband (including DSL and increasingly fiber-based access where available), pay-TV and bundled consumer packages.

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