Tuesday, 06 December 2016

Millicom Q4 revenues hit by currency headwinds

By Nick Wood, Total Telecom
Thursday 11 February 16

Emerging markets operator hits 63 million mobile customers; forecasts modest service revenue growth.

Millicom this week reported lower fourth quarter revenue, as organic growth was offset by currency headwinds. In the three months to 31 December 2015, Millicom generated revenue of US$1.68 billion, down from $1.86 billion a year earlier, which the company attributed to declining handset sales in Colombia…

Millicom this week reported lower fourth quarter revenue, as organic growth was offset by currency headwinds. In the three months to 31 December 2015, Millicom generated revenue of US$1.68 billion, down from $1.86 billion a year earlier, which the company attributed to declining handset sales in Colombia…

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