Record EBITDA Margin
Millicom achieved an all-time high adjusted EBITDA margin of 48.9% for the quarter, driven by disciplined cost management and strong operational execution.
Organic Growth in Mobile Service Revenue
Mobile service revenue saw a 5.5% year-over-year increase, marking the strongest organic growth since 2021, supported by ARPU expansion and a migration from prepaid to postpaid.
Successful Acquisitions
Completed acquisitions in Uruguay and Ecuador, expanding footprint to 11 countries and enhancing earnings quality with $246 million and $490 million in annual revenues respectively.
Strong Equity Free Cash Flow
Equity free cash flow rose by 18.1% over the last 9 months, reaching $638 million, marking a significant milestone for the company.
Positive Performance in Key Markets
Colombia, Guatemala, and Panama all showed strong growth metrics, with Colombia's service revenue growing 6.5% and EBITDA margins expanding by 447 basis points.