Thursday, 20 September 2018

Millicom Q3 hit by currency fluctuations in LatAm, Africa

By Mary Lennighan, Total Telecom
Thursday 22 October 15

Emerging markets operator posts solid organic revenue and EBITDA growth; investigates improper payments in Guatemala.

Millicom's headline financials for the third quarter of this year were negatively affected by currency volatility in both Latin America and Africa, but on an organic basis the telco turned in a solid performance. However, its results announcement on Thursday was marred by the news late on Wednesday that it is investigating possible improper payments at its Guatemala business…

Millicom's headline financials for the third quarter of this year were negatively affected by currency volatility in both Latin America and Africa, but on an organic basis the telco turned in a solid performance. However, its results announcement on Thursday was marred by the news late on Wednesday that it is investigating possible improper payments at its Guatemala business…

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