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

Hyperscale infrastructure: Record figures, oligopolies and the dangerous AI bubble

A new report from MTN Consulting highlights the sector’s economic “circularity,” whereby hyperscalers invest in AI labs, which in turn spend that capital on the hyperscalers’ computing services. The report warns that this dynamic creates systemic risk.

Conversational AI transforms contact center business

For players in the BPO industry, the adoption of agents raises the bar for the level of analysis that can be performed on conversations. Meanwhile, the development of voicebots and virtual agents continues to expand.

Circular financing: AI game with benefits, but also risks

A distinctive feature of these financial transactions is that, in many cases, the investment or capital contribution made by one company is intended to allow the recipient to purchase goods or services from the contributing firm.

Amdocs unveils agentic operating system and promises return on investment

Convergencialatina spoke with Fabián Monge, Customer Business Executive (CBE) at Amdocs, about the February 2026 launch of aOS, its new AI agent operating system, analyzing its potential applications in Latin American telecom operators.

Ericsson Mobility Report: 5G subscriptions reach 3.1 billion as differentiated connectivity drives service growth

A total of 84 operators now offer network slicing. Services based on differentiated connectivity have moved beyond the early adoption phase and into widespread commercialization.

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Hyperscale infrastructure: Record figures, oligopolies and the dangerous AI bubble