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Thursday, July 30, 2020

Millicom lost 1.7 million mobile subscribers in Latin America between April and June

As a result of the cessation of commercial activities due to the pandemic, the greatest losses occurred in Honduras, Colombia and Bolivia. ARPU fell 12.9% to US$ 6.4. The company's revenues in the region decreased 6.9% to US$ 1.4 billion, after a decrease in service revenues of 6.4%.

Millicom reached 37.8 million mobile subscribers in Latin America at the end of June, after losing 1.7 million in the second quarter, particularly in Bolivia, Colombia and Honduras. The impact of the health emergency was also seen in the mobile ARPU, which decreased 12.9% year-on-year to US$ 6.4, also impacted by the weakness of the Colombian and Paraguayan currencies against the dollar.

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