“Best quarter ever for net subscriber additions”

CEO Mauricio Ramos “We are pleased with our Q2 results. Overall, our Latam operations saw continued signs of improvement; it was our strongest ever quarter in terms of customer net additions for both our mobile 4G and our fibre-cable network; we are getting better at deploying our HFC network faster and more cost-effectively; and we continue to see strong customer ARPU. As a result, we are raising our long-term ambition to reach 15 million homes passed over the long term, up from our previous target of 12 million previously. Although we still face challenges in the Latam region, results to date are progressing mostly in line with our plans. Revenue growth is improving in all Latam markets except Colombia, driven by robust growth in mobile data and in our Home segment. In Colombia, where we still have a lot of work to do, the strong customer growth during Q2 gives me confidence that the second half of the year will be better than the first. We continue to rapidly expand our high-speed data networks to meet the growing needs of our customers, eager to adopt the Digital Lifestyle. At the same time, we strive to be a responsible corporate citizen and have a positive impact in the countries and communities where we operate. I am very proud that we were recently recognized as a Top 20 Great Places To Work in Latin America, and we received the prestigious Andesco Award for Corporate Social Responsibility in Colombia. In Africa, our primary objective this year is to ensure that the region can fund itself going forward. We remain confident that we will achieve this goal in 2017 notwithstanding the challenging operating conditions that we have seen year-to-date. At the Group level, we remain laser-focused on identifying and extracting operating efficiencies, and we produced 40 basis points of margin expansion year-on-year while delivering significant customer net additions during the quarter.” (See Earnings Release) 

Know our Markets

Millicom is a leading provider of cable and mobile services dedicated to emerging markets in Latin America and Africa. We want to show you what these fascinating and diverse markets where we operate look like from the inside. In El Salvador, TIGO has been serving more than three million customers whilst investing in and expanding its mobile and cable networks since 1992.  TIGO El Salvador has  grown into one of highest ranked Great Place to Work companies in Central America. Here is a captivating portrait of El Salvador, courtesy of our hard-working colleagues who also like to have fun. Hit PLAY