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

Polarization shapes Colombia’s presidential election

This Sunday the 31st, voters will head to the polls in an election in which half of the electorate plans to support the ruling party candidate who would succeed current President Gustavo Petro, while the other half supports the opposition. The proposals for the telecommunications sector.

AI could generate a US$1.7 trillion annual economic boost for Latin America

A report by McKinsey and the World Economic Forum said that achieving that goal will require overcoming bottlenecks such as a lack of talent, infrastructure shortages and regulatory hurdles.

Córdoba knowledge economy sector recalibrates amid AI-driven shift

The sector is going through a transition phase driven by the reconfiguration of professional profiles associated with AI. The most paradigmatic case is junior-level positions, which are increasingly being replaced by artificial intelligence.

Pope Leo XIV challenges Big Tech with his own moral and geopolitical vision of AI

The head of the Catholic Church published the encyclical Magnifica Humanitas and later presented his conclusions at a press conference alongside his top collaborators and, among other lay participants, Chris Olah, co-founder of Anthropic, who refused to “weaponize AI.”

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.

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