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General

Millicom returns to growth in Q1, adds another 1 mln mobile clients

Thursday 29 April 2021 | 14:15 CET | News
Millicom, owner of Tigo-branded operations across Latin America and Africa, reported a 0.1 percent year on year rise in revenues to USD 1.09 billion in the first quarter of 2021, following Covid-impacted falls of 5.3 percent, 6.5 percent and 8.0 percent in the previous three quarters. Total net profit also turned positive at USD 42 million in the first quarter, compared to a USD 122 million net loss a year earlier. "We did not just recover, we are now above pre-Covid levels on most of our operational and financial KPIs," said Millicom CEO Mauricio Ramos. 

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Categories: General
Companies: Millicom / Tigo
Countries: Africa / Latin America
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