Millicom International Cellular S.A. provides cable and mobile services in Latin America. It offers mobile services, including mobile data and voice, and short message services; and mobile financial services, such as payments, money transfers, international remittances, savings, real-time loans, and micro-insurance. The company also operates TIGO Sports for sports dedicated broadcast business; Tigo Money that allows its customers to send …
Full TIGO analysis →
Competitive advantage assessment
Key strengths
Margins Consistently Above PeersGross margin at 77.4% (top 7%) and operating margin at 28.2% (top 5%) indicate strong pricing power.
ROIC Sustainably Above PeersROIC at 84.2th percentile exceeds peers and WACC, demonstrating superior capital allocation.
Key risks
Revenue Volatility Signals Weak StickinessRevenue volatility is high (stability score 0.39), suggesting weak customer stickiness.
The dashed ring is the peer median. Defense scores are percentile ranks
against peers, so 50 is roughly the typical company in this group.
Upgrade to unlock the signals and evidence behind each defense.
Premium access
Unlock full defense analysis
Get key signals, strengths, and risks for every moat dimension.
Millicom International Cellular ranks #4 of 56
scored companies in Telecom Services by moat score — the top 7%.
The widest moat in the group is Iridium Communications Inc (IRDM)
at 76/100.
Moat scores for companies ranked near TIGO in Telecom Services
Pricing power is the ability to raise prices without losing volume.
Cost Advantage
Score 90
· 15% of the moat score
A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.
Customer Stickiness
Score 56
· 15% of the moat score
Stickiness is what makes revenue repeat without being re-won every year.
Capital Efficiency
Score 76
· 18% of the moat score
Capital efficiency asks what the company earns on the money tied up in the business.
Resilience
Score 59
· 17% of the moat score
Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.
Scale & Market Position
Score 86
· 15% of the moat score
Scale matters only when it converts into economics.
What is Millicom International Cellular's moat score?
Millicom International Cellular (TIGO) scores 75 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #4 of 56 scored companies in Telecom Services, the top 7%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 59 companies in Telecom Services. Its strongest defense is Cost Advantage (90/100) and its weakest is Customer Stickiness (56/100).
How does Millicom International Cellular compare with other Telecom Services companies?
Millicom International Cellular ranks #4 of 56 scored companies in Telecom Services by moat score. The widest moat in Telecom Services is Iridium Communications Inc (IRDM) at 76/100. The companies ranked closest are PLDT Inc. Sponsored (PHI) at 75 just above it and Chunghwa Telecom Co., Ltd. (CHT) at 74 just below it.
How is the moat score calculated?
Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 59 companies in Telecom Services. The defenses are then weighted to produce the overall score out of 100.
Why is Millicom International Cellular scored with the Corporate Default template?
Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.
Which competitive defenses are measured for Millicom International Cellular?
The Corporate Default template measures 6 defenses, and TIGO scores: Pricing Power (81), Cost Advantage (90), Customer Stickiness (56), Capital Efficiency (76), Resilience (59), Scale & Market Position (86). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.
We value your privacy
We use cookies to enhance your browsing experience, analyze site traffic, and personalize content. By clicking 'Accept All', you consent to our use of cookies.
Read our cookie policy
Cookie Preferences
Manage your cookie preferences. Essential cookies are always enabled.