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    Andres Coello • Scotiabank

    Andres Coello's questions to Millicom International Cellular SA (TIGO) leadership

    Andres Coello's questions to Millicom International Cellular SA (TIGO) leadership • Q1 2025

    Question

    Andres Coello of Scotiabank asked for an update on the potential for the company to be included in new stock indices following its delisting from Sweden and consolidation to a U.S.-only listing.

    Answer

    CFO Bart Vanhaeren responded that index inclusion is not directly controlled by the company. However, he noted that establishing their principal executive office in Florida could make them eligible for indices like the Russell 1000 or 2000. He mentioned that the rebalancing occurs in the current month and an official communication is expected soon.

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    Andres Coello's questions to Millicom International Cellular SA (TIGO) leadership • Q3 2024

    Question

    Andres Coello of Scotiabank requested an update on the M&A process in Colombia, specifically regarding regulatory permits and timelines for the Coltel acquisition. He also sought confirmation that the company's approved 10% share buyback program could be initiated once the 2.5x leverage target is met without needing further approvals.

    Answer

    Executive Bart Vanhaeren explained that regulatory filings for the Colombia transaction are in process and should be submitted shortly, with a target closing in the second half of the next year. He clarified that the deal structure allows for a merger even if government partners remain shareholders. Executive Marcelo Benitez added that all parties are aligned on fixing the challenging market structure. Regarding the buyback, Vanhaeren confirmed a 10% program is approved but distinguished between repurchases for equity grants and strategic shareholder remuneration, stating the latter requires a broader capital allocation discussion.

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    Andres Coello's questions to America Movil SAB de CV (AMX) leadership

    Andres Coello's questions to America Movil SAB de CV (AMX) leadership • Q4 2024

    Question

    Andres Coello asked for management's perspective on Mexico's changing regulatory environment, including constitutional reforms, and questioned the feasibility of Telmex's ambitious internal goal to add 2 million broadband lines during the year.

    Answer

    CEO Daniel Hajj Aboumrad stated that while the goal of adding 2 million broadband lines is ambitious, it is considered feasible and reflects the company's drive to regain market share, supported by its ongoing fiber conversion. Regarding regulation, he noted they are awaiting secondary laws and hope the government's competitive efforts remain focused on rural connectivity.

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