Millicom is a global telecommunications group which provides affordable, widely accessible and readily available prepaid cellular telephony services.
Millicom operates in 13 emerging markets in Latin America and Africa where the basic telephone service is often inadequate and where economic development and rising personal income levels are creating increasing demand for communication services.
Millicom's proven prepaid, mass market distribution and perceived price leadership strategy have enabled it to continue to pursue high growth while delivering operating profitability.
Kinnevik holds 34.8% of the votes and capital in Millicom.
| Key data (USD million) * |
Jan-June
2010 |
Jan-June
2009 |
| Revenue |
1834 |
1593 |
| EBITDA |
860 |
723 |
| Net profit |
290 |
254 |
| Number of subscribers 31 March (millions) |
36.7 |
30.8 |
* Excluding divested operations.