Millicom International Reports Strong Q1 2025 Earnings

Millicom International Cellular Sa ( (TIGO) ) has released its Q1 earnings. Here is a breakdown of the information Millicom International Cellular Sa presented to its investors.

Millicom International Cellular S.A., a Luxembourg-based company, operates in the telecommunications sector, providing fixed and mobile services primarily in Latin America under the TIGO brand. The company focuses on delivering high-speed broadband and digital lifestyle services in emerging markets.

In its latest earnings report for the first quarter of 2025, Millicom International Cellular S.A. reported a significant increase in net profit, reaching $219 million compared to $82 million in the same period of the previous year. This improvement was driven by a rise in operating profit and a reduction in financial expenses.

Key financial highlights include a revenue of $1,374 million, a slight decrease from $1,487 million in the previous year, primarily due to lower service revenues in some regions. However, the company achieved an operating profit of $423 million, up from $324 million, supported by gains from asset disposals and joint ventures. The earnings per share also showed a notable increase, with basic earnings per share rising to $1.14 from $0.54.

Millicom continues to focus on strategic acquisitions and partnerships, as evidenced by its agreement to acquire Telefonica’s stake in Coltel and its ongoing collaboration with SBA Communications for tower sales and leasebacks. These initiatives are expected to enhance the company’s market position and operational efficiency.

Looking ahead, Millicom remains committed to expanding its digital services and infrastructure in Latin America, with management expressing optimism about future growth prospects despite the challenges posed by currency fluctuations and regulatory approvals.