Friday, November 07, 2025

After the buying rally, Millicom reports strong third-quarter results

Revenue totaled US$ 1.42 billion, showing a slight decrease of 0.7% compared to a year earlier, but operating profit grew by more than 30%, and adjusted EBITDA increased by 18.7%. The quarter ended with 42.2 million mobile customers and 13.7 million RGUs.

Millicom has emerged as the big winner from Telefónica’s withdrawal from Latin America. It acquired the Spanish operator’s assets in Colombia, Uruguay and Ecuador for US$ 1.22 billion.

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