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General

Millicom revenues up 5% YoY, sheds 400,000 mobile clients in Q1

Thursday 30 April 2020 | 15:05 CET | News
Millicom reported revenues up 5.1 percent to USD 1.50 billion in the first quarter of 2020, aided by recent acquisitions in Panama (Cable Onda) and Nicaragua (Telefonica) but impacted by weaker foreign currency and the early effects of the coronavirus pandemic. The company said Covi-19 lockdowns adversely affected operational and financial performance in many of its markets beginning in mid-March, and early signs suggested service revenue could be down "between 6 percent and 7 percent organically" in April. As a result, it predicted that operating and financial performance in Q2 and for the

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