Friday, 24 November 2017

Millicom cuts full-year outlook on weak revenue growth

By Mary Lennighan, Total Telecom
Thursday 21 July 16

LatAm, African telco's CEO says he is navigating through sluggish macro-economic conditions.

Millicom on Thursday cut its full-year guidance for organic service revenue growth after a weaker-than-expected top line performance in the second quarter of the year. The emerging markets operator posted revenues of US$1.57 billion for the three months to the end of June, down by 5.7% on the year-ago quarter and a 0.5% decline organically. Service revenue was down by 4…

Millicom on Thursday cut its full-year guidance for organic service revenue growth after a weaker-than-expected top line performance in the second quarter of the year. The emerging markets operator posted revenues of US$1.57 billion for the three months to the end of June, down by 5.7% on the year-ago quarter and a 0.5% decline organically. Service revenue was down by 4…

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