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General

Millicom revenues up 5% in Q1 on Cable Onda effect

Wednesday 24 April 2019 | 09:42 CET | News

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In Latin America, quarterly EBITDA surged 14.9 percent on a reported basis to USD 591 million, with the EBITDA margin rising by 3.4 percentage points to 41.9 percent and operating profit climbing 2.9 percent to USD 165 million, benefiting from IFRS 16 adoption. Quarterly capex came to USD 168 million, up 11.0 percent year on year, and is expected to come in at slightly above USD 1 billion in 2019. The company said HFC customer relationships increased by 95,000 in the quarter to reach 3.2 million, while 4G smartphone data customers increased 269,000 to reach 10.8 million.

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