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

Smartphone shipments enter increasingly pronounced ups and downs

After strong smartphone sales in the first quarter, the second quarter saw a sharp 6% year-over-year decline, according to Omdia. Samsung benefited from being a memory manufacturer.

Honduras deploys AWS spectrum strategy: Technical details of 4G and 5G auction

Regulator Conatel presented the terms for the auction of three nationwide 20 MHz blocks using FDD mode in the 1.7/2.1 GHz band. Each block will cost US$8 million.

Telefónica: Transform & Grow plan strengthens financial position and enables operational leap in the second quarter

América Móvil boosts Claro with cross-selling expansion following Wow acquisition

While Claro is focusing its fiber optic network rollout on Lima and El Callao, Wow is focusing on the provinces. This complementarity avoids overbuilding, improves ARPU and reduces churn. Wow had been facing financial difficulties, according to a securities research firm.

AI distillation, the new focus of global concern

The release of the Kimi 3 model from Chinese AI lab Moonshot AI has raised concerns among the U.S. government and companies such as Anthropic, which are challenging the use of the distillation technique, considering it intellectual property theft and a national security risk.

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