Millicom International Cellular SA (TIGO) has released an update.
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Millicom International Cellular S.A. reported a strong second quarter in 2024 with revenues climbing to $1.46 billion, a 4.7% increase, and operating profits surging by 74.1% to $345 million. The company’s EBITDA rose by 23.1% to $634 million, and they announced an equity free cash flow of $268 million, signaling robust financial health and operational efficiency. Despite challenges, Millicom aims for an equity free cash flow above $600 million for the year, excluding certain transactions, while reducing leverage to near 2.5x.
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