TakeoverPE & activists

TIGOMILLICOM INTERNATIONAL CELLULAR SA

Radiotelephone Communications · $13.4B market cap

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Less likely than average to be taken private

Top 95% of the Russell 3000 for a buyout by a private-equity firm, holdco or insiders. How it works

Takeover signals

What an activist or buyer would see: cheap, overpaid, diluted or under pressure.

1of 15 firedHow well they predict deals →
14 other checks
  • TSR below peersNo
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    3+ of last 5 years
  • High CEO pay despite TSRNo
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    Median CEO pay ≥ $15M while TSR trails
  • Earnings not backed by cashNo
    —
    Cash flow under 80% of net income
  • Dilutive SBCNo
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    Over 10% of revenue
  • Payouts exceed cash flowNo
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    Buybacks + dividends over cash flow
  • Goodwill-heavyNo
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    Over 40% of assets
  • Shareholder dissentNo
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    Any vote under 80% support
  • Low revenue per employeeNo
    —
    Bottom quartile of its SIC industry
  • Quiet on AINo
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    Bottom quartile of AI mentions in 10-Ks
  • Net cashNo
    —
    More cash than debt, positive EBITDA
  • Buyout-sizedNo
    $13.4B market cap
    Market cap $500M–$5B
  • Recurring revenueNo
    —
    10-K business scored 7+ of 10 for recurring revenue
  • AI-rollup shapedNo
    —
    10-K business scored 5+ of 10 as an AI-rollup target
  • Net insider sellingNo
    −$8M net
    Net sales over $10M in 12 months

Deal filings

FiledFormAcquirerPricePremium
Aug 28, 2024SC 13E3/AAtlas Investissement——
Aug 23, 2024SC 13E3/AAtlas Investissement——
Aug 15, 2024SC 13E3/AAtlas Investissement——
Aug 15, 2024SC 13E3/AAtlas Investissement——
Aug 13, 2024SC 13E3/AAtlas Investissement——
Aug 12, 2024SC 13E3/AAtlas Investissement——
Aug 5, 2024SC 13E3/AAtlas Investissement——
Aug 5, 2024SC 13E3/AAtlas Investissement——
Jul 18, 2024SC 13E3/AAtlas Investissement——
Jul 1, 2024SC 13E3Atlas Investissement——

Key numbers

Revenue
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Operating margin
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EBITDA
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Net debt / EBITDA
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Financials

No XBRL financials yet.

13D filers

FiledFilerFormStakeIntent
Sep 24, 2026Atlas Investissement SASSCHEDULE 13D/A49.5%Passive
Jun 29, 2026Atlas Investissement SASSCHEDULE 13D/A49.5%Active
Jun 23, 2026Atlas Investissement SASSCHEDULE 13D/A46.7%Passive
Mar 27, 2026Atlas Investissement SASSCHEDULE 13D/A46.0%Passive
Mar 13, 2026Atlas Investissement SASSCHEDULE 13D/A44.1%Passive
Feb 12, 2026Atlas Investissement SASSCHEDULE 13D/A42.2%Passive
Nov 14, 2025Atlas Investissement SASSCHEDULE 13D/A42.2%Passive
Sep 22, 2025Atlas Investissement SASSCHEDULE 13D/A42.2%Passive
Sep 4, 2025Atlas Investissement SASSCHEDULE 13D/A42.2%Passive
Aug 22, 2025Atlas Investissement SASSCHEDULE 13D/A42.2%Passive

Insider trading

−$8Mnet selling by insiders, open market, last 12 months
Bought $0 · 0 tradesSold $8M · 7 trades

Pay vs performance

No pay-versus-performance disclosure yet.