Atlas Investissement

Overview

Atlas Investissement is a French private investment firm specializing in the telecommunications sector. It is a long-term industrial investor that sees the potential for further development and profitable growth in the sector. The firm is a subsidiary of NJJ Holding, an investment vehicle wholly owned by entrepreneur Xavier Niel, who is also the main shareholder of Millicom International Cellular S.A. Through its subsidiary, Atlas Luxco S.à r.l., Atlas Investissement holds approximately 40% of Millicom, a Luxembourg-based telecommunications company operating under the Tigo brand in Latin America. In February 2023, Atlas Investissement held a 19.6% interest in Millicom, which increased to approximately 20% by June 2023. In May 2026, Atlas Investissement offered to acquire the remaining shares of Millicom for $4.1 billion, valuing the company at $24 per share. The offer was financed through existing Atlas funds and loans from investors including BNP Paribas, Credit Agricole, JPMorgan, Natixis, and Societe Generale. The proposed transaction aims to expand Millicom's network reach and distribution capabilities, leveraging Atlas Investissement's telecommunications expertise. The acquisition is part of Atlas Investissement's strategy to strengthen its position in the Latin American telecommunications market and capitalize on growth opportunities in the region. The firm continues to monitor a range of possible investment opportunities in the telecoms sector, focusing on long-term, industrial-sector investments. Atlas Investissement's investment philosophy emphasizes the potential for development and profitable growth in the telecommunications industry, aiming to create value through strategic investments and active management. The firm's track record includes significant investments in Millicom, demonstrating its commitment to the sector and its ability to execute large-scale transactions. Through its investments, Atlas Investissement seeks to contribute to the growth and development of the telecommunications industry, particularly in emerging markets, by providing capital and expertise to enhance operational efficiency and market reach.

Investment Focus

• Established companies with strong growth potential
• Opportunities in the telecommunications sector
• Strategic investments with potential for long-term value creation
• Active management involvement in portfolio companies
• Focus on emerging markets with high growth prospects
• Commitment to sustainable and profitable growth strategies
• Alignment with Atlas Investissement's investment philosophy and objectives
• Potential for operational improvements and market expansion
• Opportunities to leverage Atlas Investissement's industry expertise
• Companies with scalable business models and competitive advantages

Portfolio Companies