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

Sleepwalking toward AI-driven extinction? Technical warnings and regulatory capture criticism

As catastrophic warnings about the uncontrolled use of AI continue to emerge, other sources argue that frontier AI labs are actually seeking to make an impact in order to secure regulatory and, eventually, economic benefits.

Opportunity opens up: Mexico to cut spectrum costs by 12% in 2027

In its proposed budget for next year, the Treasury Secretariat proposed changes to key spectrum bands for 5G deployment, including the 3.5 GHz band.

Telecommunications and gaming: The impact of a US$213.9 billion market

The figure comes from Newzoo’s latest report, which says CSPs have an opportunity to monetize their network investments as gaming activity grows in Asia and Africa. Latin America does not feature as a driver of global gaming growth.

Nokia: The AI supercycle and the new paradigm for global network traffic toward 2034

Direct-to-Device enters commercial phase

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