Regional Market Overview
Latin America makes up more than 85 per cent of Millicom's group revenue and is where we provide the broadest range of services across eight countries. All our countries except Costa Rica and Nicaragua now have both mobile and cable networks. Our Mobile business represents the major part of our revenue at 61 per cent (compared to 71 per cent in 2014) with our Home business making up 28 per cent (compared to 18 per cent in 2014). In 2015, our performance across most countries was strong despite a more challenging economic environment and foreign exchange depreciation. Guatemala, Honduras and Bolivia performed particularly well and we saw growth in Paraguay despite the economy there being badly affected by its close correlation to the Brazilian economy. The worsening gang violence in El Salvador created a very challenging business environment in 2015.