Faster and more predictable organic revenue growth
CEO Mauricio Ramos: "The investments we have been making are now delivering faster and more predictable organic revenue growth. In Latam, mobile revenue growth improved to more than 2%, with Bolivia leading the way with more than 6%. Home accelerated to nearly 13%, thanks to a big improvement in Colombia, where total homes connected passed an inflection point earlier this year and are now growing at an accelerating rate. Clearly, our strategy is working, and with growth back on track, we continue to sharpen our focus on costs, and operational efficiency improvements are driving cash flow growth in many areas. We still have work to do on this front, and we have already identified opportunities to further improve operating leverage..." (See Q2 Earnings Release)
Spotlight on our markets
This latest in our series of quarterly results videos demonstrates just how close Tigo employees are to Tigo customers in everything that we say and do. According to Millicom CEO Mauricio Ramos: "We strive to connect everyone in our markets to the digital world through the expansion of cable and mobile technology, and through purposeful dedication to serve each and everyone of our customers. This is made possible thanks to our Tigo people who wake up every day to fulfil this mission. I can’t be more proud of a team that not only is capable of obtaining excellent business results, but that has become part of the fabric of the communities where we operate.”
Also see: (Q1 2018) Bolivia, (Q4 2017) Latam Cable, (Q3 2017) Paraguay, and (Q2 2017) El Salvador.
In 2018 Millicom’s Tigo operations were placed in the top 25 multinational companies to work for in Latin America, across all industries, by the Great Place to Work (GPTW) institute. Millicom employs approximately 18,000 people worldwide and operates in eight emerging markets in the region. This was the second year in a row that Tigo has been ranked in the GPTW's top 25 multinationals, a testament to the company’s continued efforts to provide a working environment where all employees can meet their full potential while also feel proud of what they do.