Digesting Millicom’s Tower Monetization
about 1 year ago
No Deep Dives
"TIGO: Tower sale-leaseback: $975M for 7000+ sites, -$40M annual FCF impact. 11.5x EBITDA multiple. Muted stock reaction due to valuation, uncertain proceeds use. Q3 solid. $650M FCF in 2024 (14.4% yield). Niel owns 40%. Awaiting capital allocation plan. Cheap at 14-15% FCF yield. Potential M&A in Colombia."
Sentiment
bullish
Conviction
Medium
Tier
Trade Call
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Episode Information
Episode:
Digesting Millicom’s Tower Monetization
Source:
No Deep Dives
Published:
November 11, 2024
Idea Type:
Stock Idea