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

Toward the end, the WEF succeeded in bringing AI into the debate

After three days dominated by geopolitics, the WEF wrapped up with a day focused on artificial intelligence and forward-looking discussions on the energy needs required to sustain the race for AI.

Warning to telcos: Job cuts may leave them vulnerable and unable to innovate

According to an MTN report, operators are continually adjusting their workforce under the pretext of improving dividends, while also taking advantage of the growing presence of AI. However, one possible consequence is excessive staff turnover and the loss of know-how, particularly in cybersecurity.

NEC bets on growth in the enterprise market in the region

Three months into the CRT: focus on dialogue and concrete plans

The Telecommunications Regulatory Commission has defined both a focus and a methodology: to propose spectrum bands for private networks and to hold dialogue roundtables to move the project forward.

Europe: operators disappointed with new Digital Networks Act

The GSMA noted that the regulation reinforces Europe’s trend toward overregulating the sector. It highlighted as positive the changes in spectrum use and the ability to operate in all EU countries based on registration in just one of them.

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