Strong momentum continues into 2018
CEO Mauricio Ramos "The strong momentum we saw in the second half of 2017 has continued into Q1 of 2018, and we are on track with our guidance. Over the past three years, we have significantly transformed the company, starting with our clear and simple strategy to focus our resources on deploying high-speed data networks in Latin America. We are now beginning to reap benefits in the form of faster and more predictable revenue growth, improved cash flow and returns, and a stronger balance sheet.
In Latam, revenue growth in our mobile business improved to almost 1%, with Guatemala leading the way at more than 4%, an impressive turnaround from the 5% drop that we reported in Q1 2017 in that country. Meanwhile, our Home and B2B businesses continue to grow steadily, and we connected a record number of new homes during the quarter, as we move closer toward our plan to pass 15 million homes in the medium term..." (See Q1 Earnings Release)
Spotlight on Bolivia
In our quarterly series of behind-the-scenes video reports, we welcome you this time to Bolivia where we are the leading provider of Pay-TV and Broadband, as well as second largest service provider of Mobile and B2B services. We are proud to work in partnership with such a fascinating and diverse society - the fifth largest in South America. Enjoy!
(Spotlight series: Q4 2017 - Latam Cable / Q3 2017 - Paraguay / Q2 2017 - El Salvador )
(Learn more about Millicom)