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

Puerto Rico · Fixed Broadband28/03/2024

Puerto Rico must deploy fiber optics in more than half of the island's homes

The data came from a Fiber Broadband Association webinar that revealed the island's situation in FTTH services. There is a plan for the footprint to reach one hundred percent of homes in 2027 financed by federal funds and privately executed.

Uruguay · Pay TV · Internet & OTT · Operators27/03/2024

Through agreements with Claro and Movistar, cable operators expand their Internet offer

These are agreements of different types, which include leaving the last mile for the cable operator or contracts for available bandwidth. Antel could join with infrastructure leasing. Some cable operators are already building their own networks.

América Latina · Equipment Providers and Network Solutions25/03/2024

Andina Link 2024: Padtec targets small and medium-sized ISPs in Colombia

The Brazilian supplier Padtec participated in Andina Link 2024. From the fair, Hernán Yepes, CALA Norte Regional Manager, told Convergencialatina about the plans with the Colombian market, shaken by 5G deployment.

México · Fixed Broadband31/01/2024

In five years, Telmex lost 25% of its share in the fixed broadband market

Totalplay and Megacable are the competitors that increased their position. Izzi, from Televisa, managed to hold its ground despite the push from the smaller players.

Puerto Rico · Terrestrial Backbones · Economy02/11/2023

The plan to bring broadband to the whole island

It will deploy networks with the capacity to bring 100 Mbps to all homes and businesses. Fiber optics and wireless technologies will be used. It will also improve resilience to the climatic phenomena that periodically affect the island. Technical training will be provided to train human resources.

List all analysis

A DIARIO LATINO 20-04-2024

Brasil · Operators 19/04/2024

Oi's creditors approve new Judicial Recovery Plan

América Latina · Operators 19/04/2024

América Móvil to invest in 5G across all its markets

América Latina · Pay TV · Free to Air TV - TDT · Internet & OTT 19/04/2024

NAB Show 2024 - Concluded highlighting the weight of AI and the monetization challenge

List all news