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Millicom sells out of Senegal...again
2017-07-31 02:00:00| Total Telecom industry news
Millicom on Monday announced it has cancelled the sale of its Senegal arm to Wari and agreed to sell it to a consortium that includes Xavier Niel's investment firm NJJ instead…read more on TotalTele.com »
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millicom
millicom sells
Millicom to sell Tigo Senegal to Wari for USD 129 mln
2017-02-07 14:35:00| Telecompaper Headlines
(Telecompaper) Millicom announced that it has signed an agreement for the sale of its Tigo business in Senegal to Wari Group for USD 129 million. Wari Group, based in Senegal, operates a platform for digital financial services in Africa and is expected to build on the Tigo Money service to expand its business.
Millicom cable RGUs up 94,000 in 3Q 2016
2016-10-25 21:00:48| Digital TV News
Millicom has announced results for the quarter ended September 30, 2016. The total HFC homes passed in the third quarter increased by 180,000, maintaining the recent roll-out run-rate, and including conversion of 54,000 copper homes.
Millicom taps Juvo for LatAm top-up app
2016-09-22 02:00:00| Total Telecom industry news
Emerging markets operator gives prepaid customers access to credit on credit.
Millicom lowers FY growth outlook as sales slow in Q2
2016-07-21 09:28:00| Telecompaper Headlines
(Telecompaper) Millicom has lowered its outlook for annual sales growth due to difficult economic conditions in some of its markets. After organic service revenue growth of only 2.1 percent in Q2, the company now expects only a low to mid single-digit increase over the full year, compared to a previous outlook for mid single-digits. Adjusted EBITDA is still expected to increase in the mid to high single-digits in 2016, despite a 1.6 percent fall in Q2 to USD 560 million in Q2. Total revenues for the quarter were down 5.7 percent to USD 1.572 billion, after currency effects and a 0.7 percent organic decline in Latin America offset 9.2 percent growth in Africa. Ongoing cost-reduction efforts helped the EBITDA margin still improve to 34.5 percent from 33.6 percent a year ago.
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