Building momentum and delivering results


Millicom Chief Executive Officer Mauricio Ramos commented:

"We had an outstanding Q2. We built on our robust Q1 performance and delivered double-digit growth in both service revenue and EBITDA. In Colombia, we now have the best mobile network, and we capitalized on this in Q2 by leading the market in portability and by adding a record number of new postpaid customers.

Our rapid customer and revenue growth is a direct result of our unwavering commitment to delivering the best customer experience, including network quality and reliability. With that in mind, and considering our healthy cash flow generation, we have accelerated investments that we expect will help us drive faster growth in all our businesses going forward.

In light of our strong operational and financial performance and the favorable outlook for the remainder of the year, we are resuming shareholder remuneration with a share buyback program of up to $100 million. We believe that our shares currently offer excellent value, and a buyback program provides an efficient way to compound our growth over time. Now, more than ever, I am confident that we are well positioned to deliver on our ambition to sustain mid-single-digit service revenue growth, mid-to-high single-digit EBITDA growth and OCF growth of around 10% over the medium term."

Our culture - behind the meaning of Sangre Tigo


In this latest addition to our quarterly results video series, we invite you to take a look into our culture, Sangre Tigo. But, what is Sangre Tigo? It's a shared belief in the purpose behind our work, a collective passion for making our customers the center of everything we do, a tireless commitment to doing what's right, and a deep sense of unity.

The only way we can fulfill our purpose is by sustaining a corporate culture that attracts talented people, values their diversity, inspires them to excel, and rewards their accomplishments. Our employees are the essence of Sangre Tigo. They draw upon this energy daily to make a truly heroic impact that benefits all of our stakeholders.

But don't take our word for it. We recently asked our collaborators what it means for them to have Sangre Tigo and got this charismatic response from Tigo Panama's collaborator Edwin Cortes who summed it best with this tune.

Let us know your thoughts in the comments! Watch and enjoy!


Check out our previous features:

 Quarterly Series   Videos
 Q1 -2021  Tigo Business teams up with AWS 
 Q4 - 2020  30th anniversary
 Q3 - 2020  Panama - Becoming Tigo
 Q2 - 2020  Tigo Heroes