Financial Performance & Market Leadership
Financial Results
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Millicom’s performance reflects the interconnected work of teams across many disciplines. We stay on track to excel by diligently studying and monitoring our markets, continually supporting and developing our human capital and honing and measuring our progress against our business strategy. Our continued success also hinges on how we mitigate risks and optimize opportunities in our organization, meet our rigorous ethical and compliance standards, and govern our company. This section of our Annual Report lays out how all those components contribute to our success.
We continued to focus on capturing the broadband opportunity in our Latin America markets during 2019, as we saw positive results in both mobile and cable during the year. Additionally, we completed our footprint in Central America, acquiring and integrating mobile operations in Nicaragua and Panama. We continued to execute on our capital allocation strategy, selling Chad and supporting Jumia and Helios Towers with their successful stock exchange listings.
Our 22,000-plus full-time employees and 30,000 contractors embody our “Sangre Tigo”; they are the lifeblood essential to our culture, business and success. As one of the largest companies in Latin America, we embrace our role in fueling region-wide economic development and individual prosperity through the career opportunities we create. Therefore, we strive to be the employer of choice across all our markets by building a culture inside of Tigo where passionate, committed individuals are empowered to drive positive change and where they are encouraged to succeed.
I can’t imagine working in any other place. I’ve had opportunities to work in seven countries with people who believed in me and challenge me to grow professionally”Carolina Bernal Chief Financial Officer, Tigo Une Colombia
Bernal joined our company 26 years ago, mailing invoices to customers in Paraguay while she was still in high school
We continued generating robust financial returns and socioeconomic benefits in our markets in 2019 by staying relentlessly focused on our business strategy, which is designed to propel long-term, stable growth in six interconnected areas.