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

OpenAI invites U.S. government to take 5% equity stake

The company’s leadership discussed taking the proposal to the Donald Trump administration, at a time when Washington’s involvement in the AI sector is increasing and public dissatisfaction with its consequences is growing.

Panama bets on a third mobile operator

ASEP has begun the process to auction 40 MHz of mid-band spectrum. Analysts are divided: some argue that the entry of a third operator will improve competition and reduce prices, while others say it could jeopardize the economic and financial stability of telecommunications service providers.

Atenea: The Argentine satellite that flew on Artemis II and validated deep-space technologies

Fernando Filippetti, director of the ASTAR Project, outlined the details of the initiative, in which a 10 kg satellite was used to validate technologies in deep-space conditions.

DE-CIX expands Latin America footprint with new interconnection nodes in Brazil and Mexico

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.

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