A record start to 2021


Millicom Chief Executive Officer Mauricio Ramos commented:

“Our operational focus and strategic investments over the past year are paying off. After an incredibly strong Q1, we now have more customers, and we are generating more revenue, more EBITDA and more OCF than we did one year ago, before the start of the pandemic. We did not just recover; we are now above pre-COVID levels on most of our operational and financial KPIs. 

During the quarter, we added 166,000 customers in Home, by far our best quarterly result ever, and we added 1.1 million customers in Mobile, our strongest Q1 performance in a decade. As a result, service revenue, EBITDA and OCF accelerated in Q1, and the quarter ended on a very positive note, with Latam service revenue growth exceeding 5.5% in March. 

Strategically, we announced that we have signed agreements to dispose of our remaining operations in Africa. The Tanzania sale was the culmination of a structured and competitive process with multiple bidders. We are very pleased with the outcome, and plan to use the proceeds to reduce our net debt. Our strong Q1 and these disposals give us increased flexibility to resume share buybacks later this year."

Tigo Business accelerates CAM digital transformation


In this latest addition to our quarterly results video series, we invite you to take a look at this digital transformation initiative driven by our Tigo Business team. Tigo Business, led by Santiago Londoño, vice president B2B at Millicom has teamed up with Amazon Web Services (AWS) to expand and integrate its managed and professional services into its cloud solutions portfolio in Guatemala, El Salvador, Honduras, Nicaragua, Costa Rica, Panama, and Colombia. This collaboration allows Tigo Business to offer Amazon cloud services as part of its Tigo Multi-Cloud Managed Services portfolio, facilitating cloud consulting, design, migration, implementation, and management for businesses by expert engineers across the region.

“Advancing upon our vision to promote the digital transformation of companies to be better equipped for the world of tomorrow, we are proud to have partnered with Amazon, a world-class company, to contribute to the technological advancement of the region” commented Santiago Londoño, vice president B2B at Millicom.

To learn more about this initiative, click here: Tigo Business teams up with AWS.

This is yet another milestone towards our purpose of building digital highways that connect people, improve lives, and develop our communities. Watch and enjoy!


Check out our previous features:

 Quarterly Series   Videos
 Q4 - 2020  30th anniversary
 Q3 - 2020  Panama - Becoming Tigo
 Q2 - 2020  Tigo Heroes
 Q1 - 2020  Stay home #QuédateEnCasa