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General

Tigo-UNE revenues swing to 1% rise in Q3

Wednesday 25 October 2017 | 11:57 CET | News
Colombian operator Tigo-UNE, owned by Luxembourg-based Millicom, reported organic revenues up 1.0 percent year on year to USD 432 million in the third quarter, a significant improvement on annual declines of 1.5 percent and 1.9 percent posted in the first two quarters of the year. However, EBITDA for the quarter declined by 11.3 percent year-on-year to USD 108 million, with the EBITDA margin falling to 25.0 percent from 28.5 percent a year earlier due in part to a reduction in regulated tariffs and the mandated discontinuation of UNE's 4G fixed wireless service at the end of 2016.

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Categories: General
Companies: Millicom / Tigo / Tigo-UNE
Countries: Colombia
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