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

Challenges posed by audiovisual piracy and how to tackle them

The illegal market already generates US$12 billion annually, reaches one in every three connected households, eliminates 75,000 formal jobs, and undermines investment across the region’s economy.

Data center construction in region to grow 15% annually through 2031

The growth is being driven by the need to meet demand for cloud AI, as well as technologies such as IoT and big data.

Ground stations, HAPS and LEOs, a coexistence with strong potential

A report by HAPS Alliance outlines the benefits of converging technologies that can provide complementary connectivity. Certain technologies can help enable this complementarity. However, challenges remain to be addressed, ranging from spectrum overlap to regulatory and commercial issues.

Operators maintain profits with limited investment and cost controls

That is according to a report by analyst firm MTN Consulting, which estimated EBIT margins at 15.7% in the fourth quarter of 2025.

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.

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