0
General

Millicom reports organic service revenue up 5.9% in Q4

Wednesday 10 February 2016 | 08:23 CET | News
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

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Categories: General
Companies: Millicom / TiVo
Countries: Africa / Latin America
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Millicom lowers FY growth outlook as sales slow in Q2

Published 21 Jul 2016 09:28 CET | Latin America
Millicom has lowered its outlook for annual sales growth due to difficult economic conditions in some of its markets. After ...

Paragua mobile revenues drop by PYG 10 bln in 2015

Published 02 Jun 2016 15:47 CET | Paraguay
Revenues of mobile telephony operators in Paraguay in 2015 dropped for the second consecutive year, reports Ultima Hora. Tigo, ...

Sweden abandons probe into Millicom Guatemala payments

Published 09 May 2016 09:47 CET | Guatemala
Emerging markets telecoms operator Millicom has announced that it has been notified by Swedish prosecutors that the preliminary ...

Millicom organic service revenue growth slows to 4.1% in Q1

Published 26 Apr 2016 09:05 CET | Latin America
Millicom reported a drop in first-quarter results, hurt by weaker economic conditions in some of its markets. Revenues fell 8.5 ...

Tigo Paraguay to launch LTE in 31 cities this year

Published 15 Apr 2016 10:30 CET | Paraguay
Tigo Paraguay will expand its recently-launched LTE service to another 7 cities this year to reach a total of 31, reports local ...

Millicom's nomination committee proposes new BoD

Published 11 Mar 2016 10:13 CET | World
Millicom, the international telecommunications and media company, has been informed by its nomination committee that it proposes ...

Tigo Paraguay confirms acquisition of TV Cable Parana

Published 15 Feb 2016 14:31 CET | Paraguay
Millicom-owned Tigo Paraguay has confirmed the acquisition of local pay-TV operator TV Cable Parana for an undisclosed amount. TV ...

Millicom to sell DR Congo business to Orange for USD 160 mln

Published 08 Feb 2016 09:01 CET | Congo, The Democratic Republic of the
Millicom has signed an agreement for the sale of its Tigo business in the Democratic Republic of Congo (DRC) to Orange. The ...

Tigo Paraguay to launch 4G services in March

Published 12 Jan 2016 14:22 CET | Paraguay
Tigo Paraguay (Millicom) has confirmed that it will commercially launch its 4G services in March 2016, having recently acquired ...

Millicom to modernize Zantel network

Published 11 Dec 2015 11:37 CET | Tanzania, United Republic of
Millicom Group has announced a plan to commence a comprehensive network modernization for its recent acquisition of Tanzanian ...

Millicom says its programme helped lives of 400,000 children

Published 27 Nov 2015 13:17 CET | Africa
Millicom has released research today that shows the company has made a major impact on the lives of hundreds of thousands of ...

Millicom completes Zantel acquisition

Published 28 Oct 2015 11:27 CET | Tanzania, United Republic of
Millicom announced it has completed the acquisition of Zantel, Tanzania's second-largest mobile operator by subscribers. The ...

Millicom reports improper Guatemala payments

Published 22 Oct 2015 09:56 CET | Guatemala
Emerging markets telecoms operator Millicom has announced that it has reported to US and Swedish law enforcement authorities ...

Millicom revenues down 2% in Q3 on forex pressure

Published 22 Oct 2015 09:20 CET | Africa
Millicom reported a drop in third-quarter revenues of 2.0 percent to USD 1.641 billion, hurt by negative currency effects, ...





Calendar   /   Industry Events

18 Oct Apple Event
19 Oct A1 Telekom Austria Q3 2021
19 Oct Tele2 Q3 2021
19 Oct Netflix Q3 2021
19 Oct Iridium Q3 2021
19 Oct Arm DevSummit
19 Oct Pixel Fall Launch
19 Oct Arm DevSummit
20 Oct Crown Castle Q3
20 Oct Verizon Q3 2021
20 Oct Elisa Q3 results
20 Oct Bango strategy day
20 Oct Samsung Unpacked Part 2
21 Oct AT&T Q3 2021
21 Oct Orange Belgium Q3 2021
21 Oct Telenor Q3 2021
21 Oct Intel Q3
21 Oct Telia Q3 results
21 Oct Snap Q3
22 Oct Doro Q3 results
22 Oct Ericsson Q3 2021
::: More Calendar Items