05/28/2024

Millicom
General

In this page: Millicom's basic information and annual and quarter results.

Millicom International Cellular S.A., “MIC” is a cellular operator, created in 1990, working in 17 countries in Latin America, Africa and Asia.

In 2008, Millicom acquired Amnet Telecomunicações Holding Limite, broadband and pay TV providor in Central America, for US$ 510 millions, aiming the unification of its telecommunication services.

Amnet operates in El Salvador and Honduras, as broadband, cable TV and fixed telephony providor. In Costa Rica, the company provides broadband and cable TV. In Nicaragua and Guatemala is covers small companies of corporative data.

Millicom also has 100% of Navega, company which provides transportation services for Guatemala, El Salvador, Honduras and Nicaragua.

 

All the companies that use"Tigo" as brand in Mobile Telephony

 

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Company
Stake (%)
Position in the Market
Central America
El Salvador
Telemovil
100%
1st among the 5 main operators in the country
Guatemala
Comcel
55%
1st among the 3 main operators in the country
Honduras
Celtel
66.7%
1st among the 4 main operators in the country
South America
Colombia
Colombia Movil
50%+1share
3rd among the 3 main operators in the country
Bolivia
Telecel
100%
2nd among the 3 main operators in the country
Paraguay
Telecel
100%
1st among the 4 main operators in the country

 

Quarter Data

Operational Results

Cellulars

Thousand 1Q23 2Q23 3Q23 4Q23 1Q24 ∆Qter ∆Year
Mobile Accesses 40,565 40,600 40,767 40,665 40,681 0.0% 0.3%
Postpaid 6,550 6,739 6,938 7,130 7,344 3.0% 12.1%
Prepaid 34,015 33,861 33,829 33,535 33,337 (0.6%) (2.0%)
4G 20,971 21,201 21,521 22,350 22,349 (0.0%) 6.6%
Prepaid% 83.9% 83.4% 83.0% 82.5% 81.9% - -

 

Economic Results

Consolidated

US$ Million 1Q23 2Q23 3Q23 4Q23 1Q24 ∆Qter ∆Year
Revenue 1,369 1,393 1,424 1,475 1,487 0.8% 8.6%
EBITDA 507 515 533 557 632 13.6% 24.6%
EBITDA Margin 37.0% 37.0% 37.4% 37.7% 42.5% - -
Net Profit (Loss) 3 (22) 0 (63) 92 (245.7%) 2899.7%
Capex 185 228 196 335 113 (66.3%) (38.9%)

 

Annual Data

Cellulars

Thousand 2021 2022 2023 ∆Year
Mobile Accesses 39,802 40,576 40,665 0.2%
Postpaid 5,615 6,382 7,130 12.7%
Prepaid 34,187 34,194 33,535 (0.1%)
4G 19,046 20,886 22,350 8.7%
% Prepaid 85.9% 84.3% 82.5% -

 

Financial Results

US$ Million 2021 2022 2023 ∆Year
Revenue 4,261 5,624 5,661 0.7%
Ebitda 1,517 2,228 2,111 (5.2%)
EBITDA Margin 35.6% 39.6% 37.3% -
Capex 951 1,167 1,215 4.1%

 

 

Note: El Salvador (Telemovil), Guatemala (Comcel), Honduras (Celtel), Bolivia and Paraguay (Telecel).

Millicom launched 3G service in Aug/08 in Bolivia and in Sept/08 in Guatemala, Honduras, Paraguay and El Salvador. The 3G net might be available in Colombia until the end of 2008.

Millicom acquired Colombia Móvil (Ola) in 08/31/2006 per US$ 478.5 Milion. The owners of Colombia Móvil were Telecommunications Company of Bogota and Public Companies of Medellin. Ola had 2.5 million cellulars in June/06.

 

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