Millicom presented its financial results for the period July-September 2019, which show the impact of acquisitions in Central America. Revenues stood at US $1.097 billion, while the operating profit was US$178 million, affected not only by these integrations but also by the economic situation in some markets (Nicaragua, Paraguay, Bolivia and Panama). The 15% decrease in this last component caused the company to report losses of US$130 million in the period.
If we look at Millicom's results in Latin America in particular - including joint ventures in Guatemala and Honduras, unlike total reports - there was a 9.7% increase in revenues, to US$1.5 billion; from 9% in revenues from services, to US$1.383 billion; and from 18.2% in Ebitda, to US$620 million. These increases respond to purchases of Telefónica operations, which contributed to a record addition of 99,000 HFC customers (totaling 3.4 million), and 858,000 4G mobile data subscribers (total 13.5 million, 35% from the mobile lines base).
As for the access park, the mobile base expanded by 17.3% to 38.38 million, thanks to the incorporation of Nicaragua in the second quarter and Panama in the third. The mobile ARPU was reduced by 11.5% due to the weakness of certain currencies against the dollar (Colombia, Bolivia, Paraguay) and the purchase of Movistar Nicaragua, whose ARPU is lower than the Latin American average.
In the fixed segment, the total of passed homes is 11.63 million (+17.4%). The RGUs rose 34.2% to 6.77 million and the ARPU 1.2% to US$ 29.2.