Earnings ·
Millicom reports $2.28B Q3 revenue, $98M net profit as acquisitions drive 60% growth
MLCMFMillicom International Cellular SA
Millicom International Cellular S.A. reported unaudited financial results for the nine-month period ended September 30, 2026. Third-quarter revenue increased 60.8% year-over-year to $2.276 billion, driven by inorganic growth from recent acquisitions including Colombia Telecomunicaciones (Coltel) and operations in Ecuador and Uruguay. Operating profit rose 54.8% to $600 million, while net profit attributable to company owners was $98 million, down from $195 million a year earlier due to acquisition-related costs and impairments. Adjusted EBITDA reached $1.09 billion, up 57.7%. The company maintained its full-year equity free cash flow guidance of approximately $1.1 billion and reported leverage of 2.53x. Millicom operates as a provider of fixed and mobile telecommunications services in emerging markets across Latin America under the Tigo brand.