Year-on-year improvement in its revenue in the first quarter of 2024 was 8.6%, of which 5 percentage points were due to the strength of the currencies of Colombia and Costa Rica. Good organic performance was observed in Colombia, Panama and Guatemala. Mobile subscriptions rose to 7.34 million.

Millicom, which operates in Latin America under the Tigo brand, reported revenues of US$1,487 billion in the first quarter of 2024, with a growth of 8.6% compared to the same period in 2023.

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Millicom improves revenues thanks to coin game

Year-on-year improvement in its revenue in the first quarter of 2024 was 8.6%, of which 5 percentage points were due to the strength of the currencies of Colombia and Costa Rica. Good organic performance was observed in Colombia, Panama and Guatemala. Mobile subscriptions rose to 7.34 million.

MORE ANALYSIS

Search for new businesses to improve future outlook

Streaming, gaming, mobile services, and AI are among the tools broadband operators in Brazil are seeking to incorporate to improve results that have stagnated in recent times.

SpaceX reveals financials: losses continue, but company bets on disruptive businesses

The company whose principal shareholder is Elon Musk reported revenue of US$18.7 billion in 2025, but its losses reached US$4.9 billion. Looking ahead, it is targeting the lunar economy and orbital computing.

M360 and CLTD centered on regional digital debate

CNT Ecuador turns profitable, accelerates growth in 5G and fiber

Ronald Spina is General Manager of the National Telecommunications Corporation (Corporación Nacional de Telecomunicaciones, CNT). He said the state-owned Ecuadorian operator’s turnaround was achieved while improving its EBITDA margin and accelerating the rollout of FTTH and 5G.

CABA frames AI within public policy for management and economic development

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