Insiders

French tycoon Niel hikes stake in Millicom to 19.6%

February 15, 2023 at 02:46 am IST

PARIS (Reuters) - French billionaire Xavier Niel has boosted his stake in Luxembourg-based telecoms firm Millicom International Cellular S.A. to 19.6%, his investment vehicle Atlas Investissement said in a statement on Tuesday.

Last November, Atlas Investissement told Luxembourg's markets regulator that it owned about 7% of Millicom's shares.

Millicom provides fixed and mobile telecommunications services in Latin America, through its TIGO brand.

At end 2022, the group, listed in the United States with a market capitalization of $3.54 billion, said it employed about 20,000 people.

Millicom's full-year 2022 sales totalled $5.62 billion, up 3.3% from a year earlier on an underlying basis, with an operating profit of $915 million, it said last week.

(Reporting by Mathieu Rosemain; Editing by Leslie Adler and Marguerita Choy)

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
MILLICOM INTERNATIONAL CELLULAR S.A.	25.52 USD	+2.49%	+5.94%	4.37B
MOBILE TELECOMMUNICATIONS COMPANY K.S.C.P.	0.451 KWD	0.00%	-0.22%	6.36B
MSCI EM LATIN AMERICA (STRD)	2,278 USD	-2.55%	-5.87%	-

Xavier Niel

Mr. Xavier Niel is an Independent Director at KKR & Co., Inc., an Independent Director at KKR Management LLC, a Member-Supervisory Board at Mediawan SA, a Chairman at 42 University, a Chairman at NJJ Capital SAS, a Founder & President at Kima Ventures SASU, a Chairman at Freebox SAS, a Chairman & Senior Vice President at Iliad, a Chairman at 1bis Place des Vosges SAS, a Chairman at Atelier 37 SAS, a Chairman at Holdco SAS, a Chairman at Invest SB SAS, a Chairman at La Cie Des Immeubles Parisiens SAS, a Chairman at Matterhorn Gph SAS, a Chairman at NJJ Boru SASU, a Chairman at Njj Europe Acquisition SAS, a Chairman at Njj Galway SASU, a Chairman at NJJ Holding SAS, a Chairman at NJJ Immobilier SAS, a Chairman at Njj Invest Alpha SAS, a Chairman at Njj Invest Beta SAS, a Chairman at Njj Invest Gamma SAS, a Chairman at NJJ Strategy SASU, a Chairman at NJJ Tara SASU, a Chairman at NJJ Télécom Europe SASU, a Chairman at Proper SAS, a Chairman at Salt Mobile AG, a Chairman at SE 51 SAS, a Chairman at Sons Holdco SAS, a Legal Manager at Elysées Capital SCI, a Legal Manager at Sci Paris Grenelle, a Legal Manager at Sons, a Manager at OH4S SC and a Member at Conseil National du Numérique. He is on the Board of Directors at Unibail-Rodamco-Westfield SE, 2MX Organic SA, KKR & Co., Inc., KKR Management LLC, Mediawan SA, Free Senegal, Monaco Telecom SAM, NICE-MATIN SA, Step-In SAS, Telecom Comores Holding Ltd., Le Nouvel Observateur du Monde SA, Maya Africa Holding, Salt Network SA, Société Éditrice du Monde SA and eircom Holdings (Ireland) Ltd.

View full profile

Linked companies
ILIAD	Founder
Kima Ventures SASU Kima Ventures SASU Investment ManagersFinance Kima Ventures SASU (KV) is an independent venture capital firm founded in 2010 by Jeremie Berrebi and Xavier Niel. The firm is headquartered in Paris, France.	Founder