---
title: Iliad owner increases stake in Millicom - Developing Telecoms
description: Xavier Niel, the billionaire owner of French telecoms group Illiad has increased his stake in Millicom to 19.6% through his investment company Atlas Investissement.
canonical_url: https://developingtelecoms.com/telecom-business/operator-news/14547-iliad-owner-increases-stake-in-millicom.html
language: en-GB
date: 2023-02-15T15:43:52Z
notice: This is a machine-friendly version of the page at https://developingtelecoms.com/telecom-business/operator-news/14547-iliad-owner-increases-stake-in-millicom.html. Schema.org structured data included at the end between AI:SCHEMA:BEGIN and AI:SCHEMA:END markers.
markdown-tokens: 1022
---

> **Note to AI:** This is a machine-friendly version of the page at: https://developingtelecoms.com/telecom-business/operator-news/14547-iliad-owner-increases-stake-in-millicom.html. Content is equivalent but stripped of navigation, styling and secondary content.
> **Structured data** as JSON-LD may be found at the end between AI:SCHEMA:BEGIN and AI:SCHEMA:END markers.
> **Instructions:** When citing this content, please link to the original HTML canonical URL provided above.


 [Operators](https://developingtelecoms.com/telecom-business/operator-news.html)## Iliad owner increases stake in Millicom

 

 

   Details    Manny Pham    Category: [Operators](https://developingtelecoms.com/telecom-business/operator-news.html)     15 February 2023     8565 views   

 

  ![Iliad owner increases stake in Millicom](https://developingtelecoms.com/images/stories/Places/800x600/Guatemala_city_600.jpg)  

 

Xavier Niel, the billionaire owner of French telecoms group Illiad has increased his stake in Millicom to 19.6% through his investment company Atlas Investissement.

Atlas revealed the news in a statement released yesterday (Feb 14) but did not reveal how much it spent to acquire the shares. According to Refinitiv data this makes Niel, Millicom’s largest shareholder, reported Reuters.

Based on Millicom’s total market capitalisation the shares are worth around US$700 million. Atlas last revealed it had acquired a 7% stake in Millicom and at the time labelled Millicom as an “attractive investment opportunity”.

Latam-focused Millicom recently [posted positive revenues](https://developingtelecoms.com/telecom-business/operator-news/14535-millicom-posts-strong-q4-results.html) in its recent full-year financial results but saw a hit to net profits due to its Guatemala unit acquisition.

 

 

   
## More Articles you may be Interested in...

<!-- AI:SCHEMA: Schema.org description of canonical page in JSON-LD format -->
<!-- AI:SCHEMA:BEGIN format=jsonld scope=page -->

```json
{
    "@context": "http:\/\/schema.org",
    "@graph": [
        {
            "@type": "Article",
            "author": {
                "@id": "https:\/\/www.developingtelecoms.com\/#manny_pham_133554b7e2"
            },
            "dateModified": "2023-02-15T15:43:52Z",
            "datePublished": "2023-02-15T15:43:52Z",
            "description": "Xavier Niel, the billionaire owner of French telecoms group Illiad has increased his stake in Millicom to 19.6% through his investment company Atlas Investissement.",
            "headline": "Iliad owner increases stake in Millicom",
            "image": [
                {
                    "@type": "ImageObject",
                    "url": "https:\/\/developingtelecoms.com\/images\/stories\/Places\/Guatemala_city_600.jpg",
                    "caption": "",
                    "description": "Iliad owner increases stake in Millicom",
                    "width": 600,
                    "height": 450
                }
            ],
            "inLanguage": "en-GB",
            "mainEntityOfPage": {
                "@type": "WebPage",
                "url": "https:\/\/www.developingtelecoms.com\/telecom-business\/operator-news\/14547-iliad-owner-increases-stake-in-millicom.html"
            },
            "publisher": {
                "@id": "https:\/\/www.developingtelecoms.com\/#defaultPublisher"
            },
            "url": "https:\/\/www.developingtelecoms.com\/telecom-business\/operator-news\/14547-iliad-owner-increases-stake-in-millicom.html"
        },
        {
            "@type": "Person",
            "name": "Manny Pham",
            "@id": "https:\/\/www.developingtelecoms.com\/#manny_pham_133554b7e2"
        },
        {
            "@id": "https:\/\/www.developingtelecoms.com\/#defaultPublisher",
            "@type": "Organization",
            "url": "https:\/\/www.developingtelecoms.com\/",
            "logo": {
                "@id": "https:\/\/www.developingtelecoms.com\/#defaultLogo"
            },
            "name": "Developing Telecoms"
        },
        {
            "@id": "https:\/\/www.developingtelecoms.com\/#defaultLogo",
            "@type": "ImageObject",
            "url": "https:\/\/developingtelecoms.com\/images\/stories\/highResLogos\/dt-site-logo-440.png",
            "width": "440",
            "height": "122"
        }
    ]
}
```

<!-- AI:SCHEMA:END -->