Telecomunicazioni
Millicom Q1 2017 Results, 26 April 2017
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"Across Latam we are off to a good start in 2017, maintaining the rapid build-out of our HFC network and continuing to grow our 4G customer base. Our strategic focus on high-speed data, both mobile and fixed, is starting to pay off, driving improved service revenue growth for the region in the quarter.
Mobile data and cable in Latam now generate more than 53% of the group's service revenue, and this underpins our confidence that growth should continue to improve throughout 2017 and over the medium term. Although challenges remain, I am encouraged with our results in Colombia , where service revenue growth and margins improved.
At the Group level, we added 80 basis points year-on-year to our EBITDA margin, as we continue to pursue operating efficiencies. We remain on target to deliver on our goals for 2017.
On 26 April, 2017 , we announced an agreement to sell approximately 1,400 wireless communications towers to a subsidiary of American Tower Corporation ("ATC") in Paraguay . As a result of this transaction, Tigo Paraguay will receive approximately Gs700 billion, equivalent to US$125 million , in cash.
Based on constant currency, at a constant perimeter with Guatemala and Honduras fully consolidated, and on our current assessment of the macroeconomic outlook, we currently expect for 2017:
A presentation and conference call to discuss these results will take place at 14.00 Stockholm / 14.00 Luxembourg / 13.00 London / 08.00 New York , on Wednesday 26 April. Dial-in numbers:
Sweden + 46 (0) 8-5065-3942
UK + 44 (0) 330-336-9411
US + 1 719-325-2385
Luxembourg + 352-2787-0187
Access code: 6804594
A live audio stream of the analyst presentation can also be accessed at www.millicom.com. Please dial in / log on 10 minutes prior to the start of the conference call to allow time for registration. Slides to accompany the conference call will be available at www.millicom.com.
Millicom will publish Results for 2017 Second Quarter on Wednesday 20 July 2017.
Michel Morin
+352-277-59094
Mauricio Pinzon
+44 (0) 20-3249-2460
investors@millicom.com
Vivian Kobeh,
Corporate Communications Director
Tel: +352-277-59084 / +1-305-476-7352
Mobile +1-305-3022858
press@millicom.com
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