Millicom (Tigo) releases its 2024 Annual Report, marking a year of transformation in Latin America’s telecommunications industry
Rhea-AI Summary
Millicom (Tigo) has released its 2024 Annual Report, highlighting a transformative year in Latin America's telecommunications industry. The report includes Millicom International Cellular S.A.'s standalone financial statements for 2024.
CEO Marcelo Benitez and Chairman Maxime Lombardini emphasized Tigo's strategic position with its comprehensive infrastructure including fixed and mobile networks, digital platforms, and diverse content offerings spanning cable, entertainment, and cloud solutions. The company has evolved to become more focused and agile, maintaining consistent financial performance while expanding digital access across Latin America.
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News Market Reaction 1 Alert
On the day this news was published, TIGO gained 2.34%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Millicom (Tigo) releases its 2024 Annual Report, marking a year of transformation in Latin America’s telecommunications industry
Luxembourg, April 08, 2025 –Millicom, a leading provider of fixed and mobile services in Latin America, announces today the release of its 2024 Annual Report, which includes the standalone financial statements of Millicom International Cellular S.A. for the year 2024.
This year’s report reflects a period of profound transformation for the company, driven by a renewed strategic focus, operational efficiency, and a commitment to expanding digital inclusion across Latin America.
“Millicom (Tigo) is uniquely positioned to seize the opportunities this new era presents. Our robust fixed and mobile networks, comprehensive digital platforms, and diverse content offerings—including cable, entertainment, and cloud solutions—equip us to meet the growing demand for connectivity and digital services,” said Marcelo Benitez, CEO, and Maxime Lombardini, Chairman of the Board. “Today, Millicom Tigo is a more focused and agile company, dedicated to meeting the evolving needs of our customers across Latin America. We are proud to deliver consistent financial performance while expanding digital access and inclusion in the communities we serve.”
For further details, please click on the following link: https://www.millicom.com/results/ar-2024
For further information, please contact:
| Press: Sofía Corral, Director Corporate Communications press@millicom.com | Investors: Michel Morin, VP Investor Relations investors@millicom.com |
About Millicom
Millicom (NASDAQ U.S.: TIGO) is a leading provider of fixed and mobile telecommunications services in Latin America. Through our TIGO® and Tigo Business® brands, we provide a wide range of digital services and products, including TIGO Money for mobile financial services, TIGO Sports for local entertainment, TIGO ONEtv for pay TV, high-speed data, voice, and business-to-business solutions such as cloud and security. As of December 31, 2024, Millicom, including its Honduras Joint Venture, employed approximately 14,000 people, and provided mobile and fiber-cable services through its digital highways to more than 46 million customers, with a fiber-cable footprint of about 14 million homes passed. Founded in 1990, Millicom is headquartered in Luxembourg.
FAQ
What major developments are highlighted in Millicom TIGO's 2024 Annual Report?
How is TIGO positioning itself in the Latin American telecommunications market in 2024?
What are the key infrastructure components of TIGO's Latin American operations in 2024?
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