Friday, May 10, 2024

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.

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.

Read full article

MORE ANALYSIS

América Latina · Submarine Cables · Terrestrial Backbones · Data Center03/11/2026

Resilience emerges as a key driver of terrestrial and submarine network deployments in Latin America

Wholesale networks are taking on a new role, with resilience and robustness becoming strategic factors that complement existing connectivity and support future AI infrastructure.

Globales · Software and Applications02/11/2026

Google’s collapse revives questions about how to monetize AI investments

Last Thursday, Alphabet shares fell more than 12%. Investors reacted to lower total revenue in the third quarter, a decline in net income and negative cash flow for the first time in the tech giant’s history.

América Latina · Terrestrial Backbones · Internet & OTT02/11/2026

Fiber Connect LATAM: Fiber optic deployment in Chile increased 46-fold in 10 years

Argentina · Internet & OTT28/10/2026

Argentina’s Internet map 2026

The wholesale Internet market: Between consolidation and network expansion

América Latina · Operators26/10/2026

The new MVNO paradigm in Latin America: Ecosystems, technological efficiency and brand loyalty

A GSMA Intelligence report shows how mobile virtual network operators are turning to digital distribution to reduce technology costs, given that their ARPU is 30% lower than that of traditional operators.

List all analysis

A DIARIO LATINO 04-11-2026

América Latina · Submarine Cables · Terrestrial Backbones · Data Center 03/11/2026

Resilience emerges as a key driver of terrestrial and submarine network deployments in Latin America

Estados Unidos · Operators 02/11/2026

SpaceX sends requests for information to tower contractors and operators

Perú · Terrestrial Backbones 02/11/2026

InterNexa to invest up to US$10 million annually in infrastructure

Globales · Software and Applications 02/11/2026

Google’s collapse revives questions about how to monetize AI investments

México · Spectrum 02/11/2026

Small operators criticize design of spectrum auction for private networks

List all news