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General

Tigo-UNE revenues dip 1.1% in Q4, EBITDA down 7.4%

Wednesday 8 February 2017 | 13:59 CET | News
Colombian operator Tigo-UNE, owned by Luxembourg-based Millicom, reported organic revenues down 1.1 percent year on year to USD 457 million in the fourth quarter, due above all to a 13 percent fall in customers in an increasingly competitive market. The operator said the customer base decline included the effect of a number of major subscriber clean-up initiatives during the year, such as the elimination of over 550,000 inactive pre-paid customers in the fourth quarter. EBITDA for the quarter plunged 7.4 percent year on year to USD 99 million with the company's EBITDA margin decreasing to

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Categories: General
Companies: Millicom / Tigo
Countries: Colombia
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