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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América Latina · Operators29/04/2024

Sites earned US$28 million in the first quarter and added 1,040 towers in a year

The tower arm of América Móvil maintained its tower lease ratio at a level of 1.21, similar to the previous quarter. The loss of agreements in Brazil and Panama was offset by new agreements in other countries in the region.

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América Móvil's earnings fell 55% due to peso strength

It reached US$ 790 million in the first quarter of the year. Total revenues and Ebitda were also affected by the extraordinary income from the sale of towers, which boosted the result of a year earlier. Total mobile subscriptions grew 3.6% year-on-year to 311.6 million lines. Fixed UGIs totaled 74.1 million, 1% more than a year earlier.

Panamá · Regulation · Operators08/04/2024

Liberty and Millicom compete to conquer Digicel's 300,000 customers

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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

Telefónica achieves profits of €532 million in first quarter

The group's revenues reached a total of €10,140 billion, with an increase of 1.9%, of which 25% was contributed by the business in Brazil and 20% by Latin America.

Sites earned US$28 million in the first quarter and added 1,040 towers in a year

The tower arm of América Móvil maintained its tower lease ratio at a level of 1.21, similar to the previous quarter. The loss of agreements in Brazil and Panama was offset by new agreements in other countries in the region.

Panama begins 5G era with Más Móvil pilots and plan to allocate more spectrum

América Móvil's earnings fell 55% due to peso strength

Liberty and Millicom compete to conquer Digicel's 300,000 customers

The deadline expires next April 17. They offer 30% discounts on postpaid plans and unlimited data for 10 days from US$ 3 top-ups. The regulator ASEP modified portability procedure to facilitate migration.

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