Millicom reports bumper results

14 Feb 2008

Millicom International Cellular has reported a strong set of financial results for the year ending 31 December 2007. Revenues for the twelve month period rose 67% to USD2.63 billion, while EBITDA climbed 55% from USD717 million to USD1.11 billion. Net profit for the year, including discontinued operations, stood at USD697 million, up from USD169 million in 2006. During 2007 Millicom added 8.4 million customers to its base to take its total to 23.3 million across 16 countries in Central and South America, Africa and Asia.

Luxembourg, Millicom International Cellular (MIC)