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Tag: millicom
Millicom Q4 revenues hit by currency headwinds
2016-02-11 01:00:00| Total Telecom industry news
Emerging markets operator hits 63 million mobile customers; forecasts modest service revenue growth.
Tags: hit
currency
revenues
millicom
Millicom Cable RGUs up 5.9% in 2015
2016-02-10 09:30:48| Digital TV News
Millicom has announced results for the fourth quarter and full year ended December 31, 2015. Total revenue generating units (RGUs) increased by 143,000 from Q3 2015 to 5.39 million with the growth coming from TV offers and fixed broadband solutions.
Millicom reports organic service revenue up 5.9% in Q4
2016-02-10 08:23:00| Telecompaper Headlines
(Telecompaper) Millicom reported a fall in fourth-quarter results, hurt by negative currency effects and a number of one-off charges. Revenues fell 9.8 percent to USD 1.68 billion, and adjusted EBITDA was down 7.4 percent to USD 551 million. The company said organic service revenue was still up 5.9 percent year-on-year on mobile data and cable growth, and the adjusted EBITDA margin improved 0.9 percent points to 32.9 percent on efficiency measures. In Latin America, organic revenue rose 2.8 percent to USD 1.42 billion, reflecting some slowdown in Colombia and macro conditions in Paraguay. Service revenue still grew 4.4 percent. EBITDA was USD 513 million, after USD 33 million in one-off charges relating to Colombia integration costs and a bad debt charge. In Africa, organic revenue grew 13.4 percent to USD 258 million, and EBITDA was USD 17 million after USD 26 million of restructuring and one-off items. For 2016, Millicom forecast mid-single digit growth in service revenue, mid- to high-single digit growth in adjusted EBITDA and capital expenditure of USD 1.15-1.25 billion, down slightly from USD 1.28 billion last year. The forecast is based on constant currency rates and scope.
Tags: service
reports
revenue
organic
Millicom to sell DR Congo business to Orange for USD 160 mln
2016-02-08 09:01:00| Telecompaper Headlines
(Telecompaper) Millicom has signed an agreement for the sale of its Tigo business in the Democratic Republic of Congo (DRC) to Orange. The transaction is subject to regulatory approvals. In a statement, Millicom said it will sell 100 percent of the share capital in the holding company Oasis for a total cash consideration of USD 160 million. Mauricio Ramos, CEO of Millicom said the sale of Tigo DRC is in line with the group's strategy of supporting consolidation and concentrating resources in its most promising markets. Millicom said it will use the proceeds from the sale to strengthen its balance sheet allowing the company to reinvest in its existing Latin American and African markets, improving earnings and cash flow and reducing leverage.
Tags: business
sell
orange
usd
Millicom International Cellular SA (MIICF) Rating Lowered to Strong Sell at Zacks Investment Research
2016-02-07 02:23:12| Wireless - Topix.net
According to Zacks, "MILLICOM INTL is a leading international operator of cellular telephony services, primarily in emerging markets where the basic telephone service is often inadequate and where economic development and change are creating new demand for communication services. MIC has sought to establish an early presence in markets with little or no cellular service by applying for cellular licenses, primarily through joint ventures with prominent local business partners.
Tags: international
research
rating
sell
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