Thursday, October 24, 2019

Millicom revenues increased due to acquisitions in Panama and Nicaragua

The increase corresponds to the third quarter, after the incorporation of Telefónica's operations in these Central American countries. If the first nine months of 2019 are considered, the increase is 7.4% year-on-year. However, the acquisitions also affected operating profit, which fell 15% for both the quarter and the accumulated year, and net profit, to the point that the company reported a loss of US$130 million between July and September.

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.

Read full article

MORE ANALYSIS

América Latina · Fixed Broadband · Terrestrial Backbones10/12/2025

Optical fiber value chain restructuring opens opportunities for the region

A recent report by the Inter-American Development Bank indicates that Brazil, Mexico, and Argentina are well positioned to integrate into the new global flows being created for cable and fiber manufacturing. The goal would be to supply regional expansions and meet the needs of the U.S. market.

Globales · Fixed Broadband09/12/2025

Fixed broadband: Subscribers reach 1.33 billion in the top 30 markets

According to a report by Point Topic, the number is expected to reach 1.54 billion connections by 2030. The report also highlights that fiber-optic (FTTP) will be the dominant and fastest-growing technology, followed by FWA and satellite, while coaxial cable, DSL, and FTTX (copper local loop) are expected to decline.

América Latina · Fixed Broadband · Terrestrial Backbones18/11/2025

FTTH rollout accelerates in the region

According to the latest report from the Fiber Broadband Association, the number of subscriptions is already around 70 million, with sustained investments from both traditional operators and infrastructure players.

América Latina · Submarine Cables16/09/2025

MAYA-1.2: Liberty Networks to "upgrade" an operational subsea cable

Convergencialatina spoke with Carmine Sorrentino, VP and Commercial and Operations Director of the Wholesale Networks business at the company.

América Latina · Fixed Broadband · Terrestrial Backbones03/09/2025

More than US$3.5 billion in M&A in the fiber market in the first half of 2025

Sales by Telefónica’s subsidiaries in several countries in the region, along with mergers in Brazil, were the drivers of operations in Latin America. The result is a rise of neutral operators.

List all analysis

A DIARIO LATINO 09-01-2026

Globales · Smartphones & Devices 07/01/2026

Samsung pushes AI “everywhere”

Globales · Smartphones & Devices 07/01/2026

LG unveils its LG CLOiD home robot

List all news