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Millicom slows revenues decline to 5% in Q4, LatAm customers up 5%

2021-02-11 14:21:00| Telecompaper Headlines

(Telecompaper) Millicom, owner of Tigo-branded operations across Latin America and Africa, reported a 5.3 percent year on year decline in revenues to USD 1.03...

Tags: up customers decline revenues

 

Millicom third-quarter revenues down 6.5% YoY, customer base up 2%

2020-10-30 11:59:00| Telecompaper Headlines

(Telecompaper) Millicom, owner of Tigo-branded operations across Latin America and Africa, reported a 6.5 percent year on year fall in revenues to USD 1.03 billion in the third quarter of 2020, impacted by the ongoing effects on its business of the Covid-19 pandemic. However, the company was keen to emphasise that the result was an improvement on the 8.0 percent decline posted in the previous quarters as lockdowns eased in most of its countries and the improved performance that began in June continued in the July to September period with robust customer growth. On a year-on-year basis, service revenue declined 3.1 percent organically, improving from a 6.8 percent fall in Q2, with EBITDA down 6.1 percent year on year to USD 581 million. Third-quarter net loss improved to USD 51 million from a negative USD 131 million a year earlier.

Tags: up customer base revenues

 
 

Millicom withdraws from USD 570 mln acquisition of Telefonica Costa Rica

2020-05-04 08:29:00| Telecompaper Headlines

(Telecompaper) Millicom confirmed it has pulled out of a USD 570 million agreement to acquire Telefonica's mobile telecommunications assets in Costa Rica, paving the way for possible legal action from the Spanish operator. In a brief statement, Millicom said it exercised its right to terminate the Share Purchase Agreement (SPA) on the grounds that Telefonica had failed to secure "required regulatory approvals that were agreed by the parties and set forth in the SPA, certain of which have not yet been issued," without providing further details.

Tags: costa usd rica acquisition

 

Millicom terminates Telefónica Costa Rica purchase agreement

2020-05-02 16:30:59| Digital TV News

Millicom International Cellular has announced that it has exercised its right to terminate the Share Purchase Agreement (SPA) for the acquisition of Telefónicas operating subsidiary in Costa Rica in accordance with the terms of the SPA.

Tags: agreement purchase costa rica

 

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

 

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