Friday, 22 June 2018

Millicom posts revenue growth but slips into the red

By Mary Lennighan, Total Telecom
Tuesday 21 July 15

Emerging markets operator aims to become Latin America's second largest cable operator.

Millicom on Tuesday reported strong revenue growth in the three months to the end of June, despite the impact of adverse currency effects on its numbers, but the telco swung to a net loss and revised down its guidance. The emerging markets-focused operator posted revenues of US$1.7 billion in the second quarter, up 17.8% on the same period a year ago…

Millicom on Tuesday reported strong revenue growth in the three months to the end of June, despite the impact of adverse currency effects on its numbers, but the telco swung to a net loss and revised down its guidance. The emerging markets-focused operator posted revenues of US$1.7 billion in the second quarter, up 17.8% on the same period a year ago…

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