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General

Millicom revenues up 17% in Q4, profit soars on new acquisitions

Tuesday 25 February 2020 | 15:04 CET | News
Millicom reported revenues up 17.3 percent to USD 1.15 billion in the fourth quarter of 2019, aided by recent acquisitions in Panama (Cable Onda) and Nicaragua (Telefonica). The new units and lower expenses helped increase operating profit by 20.7 percent year on year to USD 129 million, with net profit coming in at USD 223 million compared to a USD 94 million loss in the year-earlier quarter. 

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Categories: General
Companies: Cable Onda / Millicom / Tigo
Countries: Latin America
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