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

Behind the scenes of PHP vulnerabilities and the role of AI

América Móvil reports strong growth in revenue and connections

In the third quarter of 2026, sales increased 7.6% year on year. Mobile services grew 6.3%, while fixed services rose 3.7%. At the end of the period, the company had 413 million accesses, including 322 million mobile accesses. Brazil was its standout market.

Sovereignty: one word, multiple meanings

At Grupo Convergencia’s recent Carriers Map Day 2026, participants discussed the concept of sovereignty and how the perspective shifts when viewed from a regional standpoint.

Regulators discuss governance, resilience and cooperation to improve the digital ecosystem

Held in Montevideo, the 18th Regulatel-ASIET-Comtelca Summit highlighted the need to transition toward "digital regulators" with a broad perspective on the ongoing technological superconvergence. The summit also emphasized the need to strengthen cybersecurity.

The future of wholesale and the reinvention of connectivity

The wholesale business is entering a more mature phase, with portals and APIs playing a key role in driving growth. Cirion has introduced Network-as-a-Service as an overlay on its underlying infrastructure, enabling it to restore margins and expand its addressable market.

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