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Millicom revenues up 5% YoY, sheds 400,000 mobile clients in Q1

2020-04-30 15:05:00| Telecompaper Headlines

(Telecompaper) Millicom reported revenues up 5.1 percent to USD 1.50 billion in the first quarter of 2020, aided by recent acquisitions in Panama (Cable Onda) and Nicaragua (Telefonica) but impacted by weaker foreign currency and the early effects of the coronavirus pandemic. The company said Covi-19 lockdowns adversely affected operational and financial performance in many of its markets beginning in mid-March, and early signs suggested service revenue could be down "between 6 percent and 7 percent organically" in April. As a result, it predicted that operating and financial performance in Q2 and for the full year 2020 would be "materially weaker" than previously expected.

Tags: mobile clients revenues q1

TV panel shipments projected to drop 7.1% YoY in Q2

2020-04-16 09:00:21| Digital TV News

According to TrendForce, TV panel shipments were up 16.4% month-on-month in March. In Q2 2020, factors influencing the TV panel industry will shift towards the demand side of the TV market.

Tags: panel drop projected shipments